Calamos Strategic Correlations

CSQ Fund

USD 17.93 0.13 0.73%

The current 90-days correlation between Calamos Strategic Total and Eaton Vance Tax is 0.85 (i.e., Very poor diversification). The correlation of Calamos Strategic 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 Strategic Correlation With Market

Poor diversification

The correlation between Calamos Strategic Total and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calamos Strategic Total 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 Strategic Total. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Calamos Fund

0.77	LSHCX	Horizon Spin Off Steady Growth	Pair Corr
0.76	KNPAX	Kinetics Paradigm Steady Growth	Pair Corr
0.75	KMKAX	Kinetics Market Oppo Steady Growth	Pair Corr
0.76	KNPYX	Kinetics Paradigm Steady Growth	Pair Corr
0.83	SMPSX	Semiconductor Ultrasector	Pair Corr
0.76	KNPCX	Kinetics Paradigm Steady Growth	Pair Corr
0.75	KMKCX	Kinetics Market Oppo Steady Growth	Pair Corr
0.74	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.76	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.87	HPQ	HP Inc	Pair Corr
0.93	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.74	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.85	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.9	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.85	WMT	Walmart Aggressive Push	Pair Corr
0.79	HD	Home Depot	Pair Corr
0.76	DIS	Walt Disney Aggressive Push	Pair Corr
0.7	T	ATT Inc Aggressive Push	Pair Corr

Moving against Calamos Fund

0.84	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.75	KO	Coca Cola Aggressive Push	Pair Corr
0.57	PG	Procter Gamble	Pair Corr
0.57	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr

Related Correlations Analysis

	CHI	CCD	CHW	CPZ	CHY	ETG	HTD	ETO	ETV
CHI		0.49	0.67	0.8	0.94	0.63	0.77	0.48	0.9	CHI
CCD	0.49		0.82	0.57	0.62	0.77	0.72	0.74	0.4	CCD
CHW	0.67	0.82		0.71	0.75	0.78	0.75	0.77	0.59	CHW
CPZ	0.8	0.57	0.71		0.89	0.68	0.82	0.59	0.84	CPZ
CHY	0.94	0.62	0.75	0.89		0.71	0.86	0.58	0.91	CHY
ETG	0.63	0.77	0.78	0.68	0.71		0.67	0.93	0.65	ETG
HTD	0.77	0.72	0.75	0.82	0.86	0.67		0.58	0.75	HTD
ETO	0.48	0.74	0.77	0.59	0.58	0.93	0.58		0.51	ETO
ETV	0.9	0.4	0.59	0.84	0.91	0.65	0.75	0.51		ETV
	CHI	CCD	CHW	CPZ	CHY	ETG	HTD	ETO	ETV

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Calamos Fund performing well and Calamos Strategic 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 Strategic'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
CHI	0.75	0.11	0.01	7.76	0.71	(0.90)	1.82	(1.56)	3.90
CCD	0.71	0.03	(0.02)	0.16	0.73	(0.83)	1.88	(1.56)	4.27
CHW	0.66	0.01	(0.08)	(0.55)	0.94	(0.65)	1.43	(1.58)	3.70
CPZ	0.48	0.05	(0.08)	(0.49)	0.56	(0.57)	1.13	(1.10)	3.36
CHY	0.65	0.12	0.00	(0.76)	0.70	(0.71)	1.20	(1.23)	4.19
ETG	0.63	(0.05)	(0.08)	0.03	0.83	(0.63)	1.15	(1.30)	3.62
HTD	0.61	0.16	0.08	(3.66)	0.45	(0.75)	1.43	(0.94)	3.57
ETO	0.55	(0.06)	(0.10)	0.00	0.88	(0.48)	0.78	(1.49)	3.50
ETV	0.56	0.13	0.02	(2.23)	0.66	(0.62)	1.17	(1.14)	3.77

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC