Calamos International Correlations

CISOX Fund

USD 9.95 0.06 0.60%

The current 90-days correlation between Calamos International and Evaluator Conservative Rms is -0.01 (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 Small and DJI is 0.48 (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 Small 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 Small. 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 persons.

Moving together with Calamos Mutual Fund

0.9	OSMYX	Oppenheimer Intl Small	Pair Corr
0.9	OSCIX	Oppenheimer Intl Small	Pair Corr
0.9	OSMNX	Oppenheimer Intl Small	Pair Corr
0.88	TIDDX	T Rowe Price	Pair Corr

Moving against Calamos Mutual Fund

0.47	CVSOX	Calamos Market Neutral	Pair Corr
0.46	CVSIX	Calamos Market Neutral	Pair Corr
0.44	CVSCX	Calamos Market Neutral	Pair Corr
0.43	CVGRX	Calamos Growth	Pair Corr
0.43	CVGCX	Calamos Growth	Pair Corr
0.43	CGRIX	Calamos Growth	Pair Corr
0.38	CVTRX	Calamos Growth Income	Pair Corr
0.38	CGIIX	Calamos Growth Income	Pair Corr
0.36	CVAIX	Calamos Opportunistic	Pair Corr
0.36	CVAAX	Calamos Opportunistic	Pair Corr
0.35	CVACX	Calamos Opportunistic	Pair Corr
0.53	CPLIX	Calamos Phineus Longshort	Pair Corr
0.52	CPLSX	Calamos Phineus Longshort	Pair Corr
0.52	CTIGX	Calamos Timpani Smid	Pair Corr
0.52	CTOGX	Calamos Timpani Smid	Pair Corr
0.5	CPCLX	Calamos Phineus Longshort	Pair Corr
0.5	CTASX	Calamos Timpani Small Steady Growth	Pair Corr
0.5	CTSIX	Calamos Timpani Small Steady Growth	Pair Corr
0.49	CTCSX	Calamos Timpani Small Steady Growth	Pair Corr
0.47	CICVX	Calamos Convertible	Pair Corr
0.46	CMNIX	Calamos Market Neutral	Pair Corr
0.46	CCVIX	Calamos Convertible	Pair Corr
0.46	CCVCX	Calamos Convertible	Pair Corr
0.34	CIHEX	Calamos Hedged Equity	Pair Corr
0.32	CCHEX	Calamos Hedged Equity	Pair Corr
0.68	FSRBX	Banking Portfolio Banking	Pair Corr
0.68	KMKNX	Kinetics Market Oppo Steady Growth	Pair Corr
0.67	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.53	TEGYX	Mid Cap Growth	Pair Corr

Related Correlations Analysis

	EVFCX	ADX	GUDAX	PDNIX	MDDAX	XHNWX
EVFCX		0.12	0.0	0.8	-0.47	0.63	EVFCX
ADX	0.12		0.0	-0.16	-0.53	-0.03	ADX
GUDAX	0.0	0.0		0.0	0.0	0.0	GUDAX
PDNIX	0.8	-0.16	0.0		-0.26	0.77	PDNIX
MDDAX	-0.47	-0.53	0.0	-0.26		-0.34	MDDAX
XHNWX	0.63	-0.03	0.0	0.77	-0.34		XHNWX
	EVFCX	ADX	GUDAX	PDNIX	MDDAX	XHNWX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

PDNIX	+ 0.8	EVFCX
XHNWX	+ 0.77	PDNIX
XHNWX	+ 0.63	EVFCX
ADX	+ 0.12	EVFCX
GUDAX	+ 0.0	EVFCX
GUDAX	+ 0.0	ADX

High negative correlations

MDDAX	- 0.53	ADX
MDDAX	- 0.47	EVFCX
XHNWX	- 0.34	MDDAX
MDDAX	- 0.26	PDNIX
PDNIX	- 0.16	ADX
XHNWX	- 0.03	ADX

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
EVFCX	0.16	0.00	(0.50)	0.14	0.12	(0.22)	0.40	(0.31)	1.12
ADX	0.63	(0.02)	(0.04)	0.10	0.85	(0.64)	1.35	(1.20)	3.44
GUDAX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PDNIX	0.15	0.00	(0.49)	0.14	0.11	(0.20)	0.31	(0.31)	0.93
MDDAX	0.93	(0.34)	0.00	(0.18)	0.00	0.00	1.16	(1.03)	22.61
XHNWX	0.14	0.00	(0.30)	0.00	0.20	(0.17)	0.31	(0.46)	1.39

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