Calamos Growth Correlations

Mutual Funds . USA . 
Fund . Calamos Growth Fund
CGRIX Fund  USD 72.72  0.08  0.11%   
The current 90-days correlation between Calamos Growth and Calamos Antetokounmpo Sustainable is 0.92 (i.e., Almost no diversification). The correlation of Calamos Growth 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 Growth Correlation With Market

Poor diversification

The correlation between Calamos Growth Fund and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calamos Growth 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 Growth 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 gross domestic product.

Moving together with Calamos Mutual Fund

  0.85SROIX Calamos AntetokounmpoPairCorr
  0.83SROCX Calamos AntetokounmpoPairCorr
  0.77SRORX Calamos AntetokounmpoPairCorr
  0.94CVAIX Calamos OpportunisticPairCorr
  0.99CVACX Calamos OpportunisticPairCorr
  0.99CVAAX Calamos OpportunisticPairCorr
  0.95CVGRX Calamos GrowthPairCorr
  1.0CVGCX Calamos GrowthPairCorr
  0.85CVLOX Calamos Global GrowthPairCorr
  0.77CVLCX Calamos Global GrowthPairCorr
  0.94CVSIX Calamos Market NeutralPairCorr
  0.92CVSCX Calamos Market NeutralPairCorr
  0.99CVTCX Calamos Growth IncomePairCorr
  0.92CVSOX Calamos Market NeutralPairCorr
  0.95CVTRX Calamos Growth IncomePairCorr
  0.87CXGCX Calamos Global VertiblePairCorr
  0.86CGCIX Calamos Global GrowthPairCorr
  0.78CGEOX Calamos Global EquityPairCorr
  0.95CGIOX Calamos Growth AndPairCorr
  0.99CGIIX Calamos Growth IncomePairCorr
  0.78CHYDX Calamos High IncomePairCorr
  0.99CIDVX Calamos Dividend GrowthPairCorr
  0.95CICVX Calamos ConvertiblePairCorr
  0.78CIGEX Calamos Global EquityPairCorr
  0.81CIHYX Calamos High IncomePairCorr
  0.98CIHEX Calamos Hedged EquityPairCorr
  0.92CMNIX Calamos Market NeutralPairCorr
  0.8CPCLX Calamos Phineus LongshortPairCorr
  0.8CPLIX Calamos Phineus LongshortPairCorr
  0.81CPLSX Calamos Phineus LongshortPairCorr

Moving against Calamos Mutual Fund

  0.43CISOX Calamos InternationalPairCorr
  0.45CSGIX Calamos InternationalPairCorr
  0.42CAISX 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 Growth 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 Growth'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  0.53 (0.04)(0.12) 0.06  0.66 
(0.57)
 1.04 
(1.30)
 3.47 
SROCX  0.53 (0.05)(0.13) 0.05  0.65 
(0.57)
 1.05 
(1.26)
 3.52 
SRORX  0.54  0.02 (0.14)(1.29) 0.67 
(0.58)
 1.11 
(1.25)
 3.47 
CVAIX  0.59  0.09 (0.05)(1.04) 0.73 
(0.68)
 1.11 
(1.66)
 4.11 
CVACX  0.58 (0.01)(0.03) 0.11  0.72 
(0.67)
 1.14 
(1.71)
 4.19 
CVAAX  0.58  0.00 (0.03) 0.11  0.71 
(0.67)
 1.11 
(1.70)
 4.16 
CVGRX  0.75  0.12 (0.01)(1.27) 1.05 
(0.71)
 1.62 
(2.15)
 4.90 
CVGCX  0.72  0.02  0.01  0.14  0.97 
(0.69)
 1.63 
(2.20)
 4.91 
CVLOX  0.46 (0.04)(0.15) 0.05  0.56 
(0.53)
 1.00 
(0.98)
 3.00 
CVLCX  0.47  0.02 (0.15) 4.54  0.60 
(0.53)
 1.00 
(1.00)
 3.03 

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