Calamos International Correlations

CIGIX Fund

USD 23.09 0.05 0.22%

The current 90-days correlation between Calamos International and Ab Value Fund is -0.07 (i.e., Good diversification). The correlation of Calamos International 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 International Correlation With Market

Very weak diversification

The correlation between Calamos International Growth and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calamos International Growth 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 International Growth. 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

0.88	CIGRX	Calamos International	Pair Corr
1.0	CIGOX	Calamos International	Pair Corr
0.88	CIGCX	Calamos International	Pair Corr
0.84	CISOX	Calamos International	Pair Corr

Related Correlations Analysis

	ABVCX	LIGFX	ARCHX	EICVX	MDSKX	ADGAX	TWBIX	RFXIX
ABVCX		0.77	0.68	0.88	0.87	0.93	0.77	0.82	ABVCX
LIGFX	0.77		0.73	0.83	0.82	0.84	0.84	0.69	LIGFX
ARCHX	0.68	0.73		0.67	0.48	0.62	0.91	0.48	ARCHX
EICVX	0.88	0.83	0.67		0.88	0.9	0.74	0.72	EICVX
MDSKX	0.87	0.82	0.48	0.88		0.95	0.66	0.69	MDSKX
ADGAX	0.93	0.84	0.62	0.9	0.95		0.74	0.77	ADGAX
TWBIX	0.77	0.84	0.91	0.74	0.66	0.74		0.55	TWBIX
RFXIX	0.82	0.69	0.48	0.72	0.69	0.77	0.55		RFXIX
	ABVCX	LIGFX	ARCHX	EICVX	MDSKX	ADGAX	TWBIX	RFXIX

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Risk-Adjusted Indicators

There is a big difference between Calamos Mutual Fund performing well and Calamos International 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 International'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
ABVCX	0.54	0.13	0.01	(16.86)	0.29	(0.69)	1.27	(0.80)	3.88
LIGFX	0.25	(0.01)	(0.30)	0.09	0.20	(0.29)	0.62	(0.50)	1.31
ARCHX	0.34	0.02	(0.23)	1.02	0.37	(0.39)	0.67	(0.71)	1.69
EICVX	0.48	0.00	(0.10)	0.12	0.37	(0.56)	1.09	(0.71)	2.12
MDSKX	0.96	(0.01)	0.05	0.11	0.89	(1.07)	2.09	(1.62)	7.61
ADGAX	0.56	(0.01)	(0.03)	0.11	0.69	(0.58)	1.11	(1.59)	4.36
TWBIX	0.37	0.00	(0.20)	0.00	0.47	(0.39)	0.78	(0.92)	2.38
RFXIX	0.07	0.02	(0.86)	(0.47)	0.00	(0.10)	0.11	(0.11)	0.39

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Calamos International Correlations

Calamos International Correlation With Market

Very weak diversification

Moving together with Calamos Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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