Calamos Short-term Correlations

CSTIX Fund

USD 9.51 0.01 0.11%

The current 90-days correlation between Calamos Short Term and Sa Real Estate is 0.31 (i.e., Weak diversification). The correlation of Calamos Short-term 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 Short-term Correlation With Market

Good diversification

The correlation between Calamos Short Term Bond and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calamos Short Term Bond 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 Short Term Bond. 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

0.8	CVSIX	Calamos Market Neutral	Pair Corr
0.8	CVSCX	Calamos Market Neutral	Pair Corr
0.79	CVSOX	Calamos Market Neutral	Pair Corr
0.74	CXGCX	Calamos Global Vertible	Pair Corr
0.88	CHYDX	Calamos High Income	Pair Corr
0.87	CIHYX	Calamos High Income	Pair Corr
0.7	CIHEX	Calamos Hedged Equity	Pair Corr
0.8	CMNIX	Calamos Market Neutral	Pair Corr

Moving against Calamos Mutual Fund

0.32	CIGCX	Calamos International	Pair Corr
0.51	CNWDX	Calamos Evolving World	Pair Corr
0.5	CNWIX	Calamos Evolving World	Pair Corr
0.5	CNWGX	Calamos Evolving World	Pair Corr
0.32	CRLSX	Calamos Long/short	Pair Corr

Related Correlations Analysis

	SAREX	ARYEX	IVRSX	TIREX	PJEAX	REPIX	JYEBX
SAREX		0.99	1.0	0.94	0.92	1.0	0.93	SAREX
ARYEX	0.99		1.0	0.93	0.93	0.99	0.93	ARYEX
IVRSX	1.0	1.0		0.93	0.92	0.99	0.93	IVRSX
TIREX	0.94	0.93	0.93		0.99	0.94	0.98	TIREX
PJEAX	0.92	0.93	0.92	0.99		0.92	0.99	PJEAX
REPIX	1.0	0.99	0.99	0.94	0.92		0.93	REPIX
JYEBX	0.93	0.93	0.93	0.98	0.99	0.93		JYEBX
	SAREX	ARYEX	IVRSX	TIREX	PJEAX	REPIX	JYEBX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Calamos Mutual Fund performing well and Calamos Short-term 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 Short-term'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
SAREX	0.88	(0.10)	(1.79)	1.52	(1.83)	5.98
ARYEX	0.85	(0.07)	(4.76)	1.45	(1.79)	5.50
IVRSX	0.84	(0.09)	(1.41)	1.35	(1.69)	5.23
TIREX	0.85	(0.14)	(0.24)	1.44	(1.78)	5.42
PJEAX	0.83	(0.11)	(0.20)	1.50	(1.56)	5.60
REPIX	1.38	(0.13)	(1.19)	2.49	(2.65)	8.45
JYEBX	0.82	(0.13)	(0.24)	1.32	(1.61)	5.47

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