Calamos Vertible Correlations

Mutual Funds . USA . 
Fund . Calamos Vertible Fund
CCVCX Fund  USD 22.04  0.06  0.27%   
The current 90-days correlation between Calamos Vertible and Calamos Antetokounmpo Sustainable is 0.73 (i.e., Poor diversification). The correlation of Calamos Vertible 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 Vertible Correlation With Market

Poor diversification

The correlation between Calamos Vertible Fund and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calamos Vertible Fund 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 Vertible Fund. 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 main economic indicators.

Moving together with Calamos Mutual Fund

  0.8SROIX Calamos AntetokounmpoPairCorr
  0.77SROCX Calamos AntetokounmpoPairCorr
  0.79SRORX Calamos AntetokounmpoPairCorr
  0.97CVAIX Calamos OpportunisticPairCorr
  0.97CVACX Calamos OpportunisticPairCorr
  0.97CVAAX Calamos OpportunisticPairCorr
  0.96CVGRX Calamos GrowthPairCorr
  0.96CVGCX Calamos GrowthPairCorr
  0.83CVLOX Calamos Global GrowthPairCorr
  0.81CVLCX Calamos Global GrowthPairCorr
  0.95CVSIX Calamos Market NeutralPairCorr
  0.93CVSCX Calamos Market NeutralPairCorr
  0.97CVTCX Calamos Growth IncomePairCorr
  0.94CVSOX Calamos Market NeutralPairCorr
  0.97CVTRX Calamos Growth IncomePairCorr
  0.9CXGCX Calamos Global VertiblePairCorr
  0.83CGCIX Calamos Global GrowthPairCorr
  0.8CGEOX Calamos Global EquityPairCorr
  0.97CGIOX Calamos Growth AndPairCorr
  0.97CGIIX Calamos Growth IncomePairCorr
  0.96CGRIX Calamos GrowthPairCorr
  0.85CHYDX Calamos High IncomePairCorr
  0.97CIDVX Calamos Dividend GrowthPairCorr
  1.0CICVX Calamos ConvertiblePairCorr
  0.8CIGEX Calamos Global EquityPairCorr
  0.87CIHYX Calamos High IncomePairCorr
  0.96CIHEX Calamos Hedged EquityPairCorr
  0.94CMNIX Calamos Market NeutralPairCorr
  0.81CPCLX Calamos Phineus LongshortPairCorr
  0.85CPLIX Calamos Phineus LongshortPairCorr
  0.82CPLSX Calamos Phineus LongshortPairCorr

Moving against Calamos Mutual Fund

  0.45CISOX Calamos InternationalPairCorr
  0.46CAISX Calamos InternationalPairCorr

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 Vertible 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 Vertible'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  0.52 (0.03)(0.11) 0.07  0.65 
(0.56)
 1.04 
(1.30)
 3.47 
SROCX  0.52 (0.04)(0.12) 0.06  0.65 
(0.55)
 1.05 
(1.26)
 3.52 
SRORX  0.52 (0.04)(0.11) 0.07  0.64 
(0.56)
 1.11 
(1.25)
 3.47 
CVAIX  0.57  0.01 (0.02) 0.14  0.70 
(0.66)
 1.11 
(1.66)
 4.11 
CVACX  0.57  0.00 (0.02) 0.13  0.70 
(0.66)
 1.14 
(1.71)
 4.19 
CVAAX  0.57  0.01 (0.02) 0.14  0.70 
(0.66)
 1.11 
(1.70)
 4.16 
CVGRX  0.71  0.03  0.02  0.16  0.96 
(0.69)
 1.62 
(2.15)
 4.90 
CVGCX  0.70  0.03  0.01  0.16  0.97 
(0.68)
 1.63 
(2.20)
 4.91 
CVLOX  0.45 (0.03)(0.13) 0.07  0.55 
(0.52)
 1.00 
(0.98)
 3.00 
CVLCX  0.46 (0.04)(0.12) 0.07  0.57 
(0.52)
 1.00 
(1.00)
 3.03 

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