Calamos High Correlations

Mutual Funds . USA . 
Fund . Calamos High Income
CIHYX Fund  USD 7.80  0.01  0.13%   
The current 90-days correlation between Calamos High Income and Boyd Watterson Limited is 0.41 (i.e., Very weak diversification). The correlation of Calamos High 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 High Correlation With Market

Almost no diversification

The correlation between Calamos High Income and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calamos High Income 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 High Income. 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 producer price index.

Moving together with Calamos Mutual Fund

  0.95SROIX Calamos AntetokounmpoPairCorr
  0.95SROAX Innealta Capital SectorPairCorr
  0.95SROCX Calamos AntetokounmpoPairCorr
  0.95SRORX Calamos AntetokounmpoPairCorr
  0.85CVAIX Calamos OpportunisticPairCorr
  0.85CVACX Calamos OpportunisticPairCorr
  0.85CVAAX Calamos OpportunisticPairCorr
  0.81CVGRX Calamos GrowthPairCorr
  0.82CVGCX Calamos GrowthPairCorr
  0.81CVLOX Calamos Global GrowthPairCorr
  0.89CVLCX Calamos Global GrowthPairCorr
  0.97CVSIX Calamos Market NeutralPairCorr
  0.96CVSCX Calamos Market NeutralPairCorr
  0.89CVTCX Calamos Growth IncomePairCorr
  0.97CVSOX Calamos Market NeutralPairCorr
  0.89CVTRX Calamos Growth IncomePairCorr
  0.89CXGCX Calamos Global VertiblePairCorr
  0.9CGCIX Calamos Global GrowthPairCorr
  0.8CGEOX Calamos Global EquityPairCorr
  0.85CGIOX Calamos Growth AndPairCorr
  0.89CGIIX Calamos Growth IncomePairCorr
  0.99CHYDX Calamos High IncomePairCorr
  0.9CICVX Calamos ConvertiblePairCorr
  0.89CIGRX Calamos InternationalPairCorr
  0.9CIGOX Calamos InternationalPairCorr
  0.9CIGIX Calamos InternationalPairCorr
  0.88CIGEX Calamos Global EquityPairCorr
  0.89CIGCX Calamos InternationalPairCorr
  0.86CIHEX Calamos Hedged EquityPairCorr
  0.73CISOX Calamos InternationalPairCorr
  0.97CMNIX Calamos Market NeutralPairCorr
  0.95CMRCX Columbia Marsico GrowthPairCorr
  0.96CMRAX Columbia Large CapPairCorr
  0.88CMRGX Calamos Investment TrustPairCorr
  0.76CNWIX Calamos Evolving WorldPairCorr
  0.76CNWGX Calamos Evolving WorldPairCorr
  0.75CNWDX Calamos Evolving WorldPairCorr
  0.87CPCLX Calamos Phineus LongshortPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Calamos Mutual Fund performing well and Calamos High 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 High'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.

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