Calamos Hedged Correlations

Mutual Funds . USA . 
Fund . Calamos Hedged Equity
CCHEX Fund  USD 16.32  0.02  0.12%   
The current 90-days correlation between Calamos Hedged Equity and Calamos Antetokounmpo Sustainable is -0.14 (i.e., Good diversification). The correlation of Calamos Hedged is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Calamos Hedged Correlation With Market

Significant diversification

The correlation between Calamos Hedged Equity and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calamos Hedged Equity and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Calamos Hedged Equity. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Calamos Mutual Fund

  0.94SROIX Calamos AntetokounmpoPairCorr
  0.91SROAX Innealta Capital SectorPairCorr
  0.94SROCX Calamos AntetokounmpoPairCorr
  0.94SRORX Calamos AntetokounmpoPairCorr
  0.94CVAIX Calamos OpportunisticPairCorr
  0.91CVACX Calamos OpportunisticPairCorr
  0.91CVAAX Calamos OpportunisticPairCorr
  0.88CVGRX Calamos GrowthPairCorr
  0.88CVGCX Calamos GrowthPairCorr
  0.85CVLOX Calamos Global GrowthPairCorr
  0.89CVLCX Calamos Global GrowthPairCorr
  0.89CVTCX Calamos Growth IncomePairCorr
  0.89CVTRX Calamos Growth IncomePairCorr
  0.84CGCIX Calamos Global GrowthPairCorr
  0.83CGEOX Calamos Global EquityPairCorr
  0.79CGIOX Calamos Growth AndPairCorr
  0.93CGIIX Calamos Growth IncomePairCorr
  0.88CGRIX Calamos GrowthPairCorr
  0.9CIDVX Calamos Dividend GrowthPairCorr
  0.82CICVX Calamos ConvertiblePairCorr
  0.87CIGEX Calamos Global EquityPairCorr
  0.9CIHEX Calamos Hedged EquityPairCorr

Moving against Calamos Mutual Fund

  0.34CVSOX Calamos Market NeutralPairCorr
  0.31CVSIX Calamos Market NeutralPairCorr
  0.35CMNIX Calamos Market NeutralPairCorr
  0.64CSTBX Calamos Short TermPairCorr
  0.46CSTIX Calamos Short TermPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Calamos Mutual Fund performing well and Calamos Hedged Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Calamos Hedged's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SROIX  0.73 (0.11) 0.00  0.64  0.00 
 0.00 
 1.28 
(1.58)
 4.03 
SROAX  0.73 (0.06) 0.00 (0.11) 0.00 
 0.00 
 1.28 
(1.50)
 4.03 
SROCX  0.72 (0.12) 0.00  0.67  0.00 
 0.00 
 1.27 
(1.60)
 4.07 
SRORX  0.72 (0.11) 0.00  0.65  0.00 
 0.00 
 1.21 
(1.50)
 4.11 
CVAIX  0.84 (0.13) 0.00  0.74  0.00 
 0.00 
 1.70 
(1.88)
 4.77 
CVACX  0.85 (0.06) 0.00 (0.11) 0.00 
 0.00 
 1.65 
(1.85)
 4.78 
CVAAX  0.85 (0.06) 0.00 (0.10) 0.00 
 0.00 
 1.69 
(1.88)
 4.86 
CVGRX  1.17 (0.14) 0.00 (0.16) 0.00 
 0.00 
 2.20 
(2.87)
 6.28 
CVGCX  1.16 (0.14) 0.00 (0.16) 0.00 
 0.00 
 2.19 
(2.81)
 6.29 
CVLOX  0.76 (0.06) 0.00 (0.12) 0.00 
 0.00 
 1.22 
(1.42)
 4.53 

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