Calamos LongShort Correlations
| CPZ Stock | USD 14.86 0.17 1.13% |
The current 90-days correlation between Calamos LongShort Equity and Diamond Hill Investment is -0.04 (i.e., Good diversification). The correlation of Calamos LongShort 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 LongShort Correlation With Market
Very weak diversification
The correlation between Calamos LongShort Equity and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calamos LongShort Equity and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Calamos Stock
| 0.62 | DFN | Dividend 15 Split | PairCorr |
| 0.69 | CSOC-A | Canso Select Opportu | PairCorr |
| 0.63 | DGS | Dividend Growth Split | PairCorr |
| 0.65 | BTI | Bailador Technology | PairCorr |
| 0.64 | TRIN | Trinity Capital | PairCorr |
| 0.61 | GE | GE Aerospace | PairCorr |
Moving against Calamos Stock
| 0.5 | GSBD | Goldman Sachs BDC Earnings Call This Week | PairCorr |
| 0.46 | MFIC | MidCap Financial Inv | PairCorr |
| 0.46 | EPGG | Empire Global Gaming | PairCorr |
| 0.34 | NMFC | New Mountain Finance | PairCorr |
| 0.44 | GBHPF | Global Hemp Group | PairCorr |
| 0.38 | MSFT | Microsoft Sell-off Trend | PairCorr |
| 0.36 | IBM | International Business | PairCorr |
| 0.33 | FCAP | First Capital | PairCorr |
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