Calamos Convertible Correlations

CHY Fund

USD 12.33 0.01 0.08%

The current 90-days correlation between Calamos Convertible And and Calamos Global Dynamic is 0.57 (i.e., Very weak diversification). The correlation of Calamos Convertible 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 Convertible Correlation With Market

Very weak diversification

The correlation between Calamos Convertible And and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calamos Convertible And 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 Convertible And. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with Calamos Fund

0.7	WRHIX	Ivy High Income	Pair Corr
0.7	WHIAX	Ivy High Income	Pair Corr
0.73	IHIFX	Ivy High Income	Pair Corr
0.75	IVHIX	Ivy High Income	Pair Corr
0.89	RQECX	Resq Dynamic Allocation	Pair Corr
0.92	VTSMX	Vanguard Total Stock	Pair Corr
0.92	FBALX	Fidelity Balanced	Pair Corr
0.75	GAB	Gabelli Equity Trust	Pair Corr
0.81	RIV	Rivernorth Opportunities	Pair Corr
0.79	SCRYX	Small Cap Core	Pair Corr
0.93	LLPFX	Longleaf Partners	Pair Corr
0.93	FEMDX	Franklin Emerging Market	Pair Corr
0.91	LTFOX	Lord Abbett Affiliated	Pair Corr
0.77	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.87	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.65	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.9	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.85	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.82	HPQ	HP Inc	Pair Corr
0.77	T	ATT Inc Sell-off Trend	Pair Corr
0.9	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.89	HD	Home Depot	Pair Corr
0.65	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.83	WMT	Walmart Aggressive Push	Pair Corr

Moving against Calamos Fund

0.45	LIIAX	Columbia Porate Income	Pair Corr
0.44	SRINX	Columbia Porate Income	Pair Corr
0.44	CIFRX	Columbia Porate Income	Pair Corr
0.62	KO	Coca Cola Aggressive Push	Pair Corr

Related Correlations Analysis

	CHW	CSQ	CPZ	DTF	GGZ	EVT
CHW		0.7	0.71	0.11	0.69	0.59	CHW
CSQ	0.7		0.85	0.43	0.94	0.91	CSQ
CPZ	0.71	0.85		0.38	0.81	0.74	CPZ
DTF	0.11	0.43	0.38		0.36	0.43	DTF
GGZ	0.69	0.94	0.81	0.36		0.93	GGZ
EVT	0.59	0.91	0.74	0.43	0.93		EVT
	CHW	CSQ	CPZ	DTF	GGZ	EVT

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Risk-Adjusted Indicators

There is a big difference between Calamos Fund performing well and Calamos Convertible 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 Convertible'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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CHW	0.67	(0.06)	(0.08)	0.05	0.93	(0.66)	1.43	(1.58)	3.70
CSQ	0.59	0.03	0.01	0.16	0.66	(0.65)	1.33	(1.29)	3.77
CPZ	0.50	0.01	(0.10)	0.16	0.57	(0.57)	1.13	(1.10)	3.44
DTF	0.22	0.01	(0.37)	(0.10)	0.23	(0.27)	0.54	(0.36)	1.96
GGZ	0.65	0.05	0.03	0.18	0.61	(0.75)	1.22	(1.26)	4.71
EVT	0.52	0.01	(0.04)	0.13	0.44	(0.60)	0.97	(0.86)	3.42

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