Calamos Timpani Correlations

CTAGX Fund

USD 15.50 0.26 1.71%

The current 90-days correlation between Calamos Timpani Smid and Msift High Yield is 0.52 (i.e., Very weak diversification). The correlation of Calamos Timpani 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 Timpani Correlation With Market

Significant diversification

The correlation between Calamos Timpani Smid and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calamos Timpani Smid 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 Timpani Smid. 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 price.

Moving together with Calamos Mutual Fund

0.64	SROIX	Calamos Antetokounmpo	Pair Corr
0.64	SROAX	Innealta Capital Sector	Pair Corr
0.62	SROCX	Calamos Antetokounmpo	Pair Corr
0.64	SRORX	Calamos Antetokounmpo	Pair Corr
0.66	CVGRX	Calamos Growth	Pair Corr
0.65	CVTCX	Calamos Growth Income	Pair Corr
0.67	CVTRX	Calamos Growth Income	Pair Corr
0.8	CXGCX	Calamos Global Vertible	Pair Corr
0.65	CGIOX	Calamos Growth And	Pair Corr
0.65	CGIIX	Calamos Growth Income	Pair Corr
0.77	CGRIX	Calamos Growth	Pair Corr
0.69	CHYDX	Calamos High Income	Pair Corr
0.8	CIDVX	Calamos Dividend Growth	Pair Corr
0.9	CICVX	Calamos Vertible	Pair Corr
0.69	CIHYX	Calamos High Income	Pair Corr
0.77	CIHEX	Calamos Hedged Equity	Pair Corr

Related Correlations Analysis

	MRHYX	NEAIX	FYAIX	TAHFX	AGDZX	XHIEX
MRHYX		0.79	0.76	0.95	0.96	0.69	MRHYX
NEAIX	0.79		0.79	0.77	0.76	0.65	NEAIX
FYAIX	0.76	0.79		0.75	0.69	0.48	FYAIX
TAHFX	0.95	0.77	0.75		0.96	0.59	TAHFX
AGDZX	0.96	0.76	0.69	0.96		0.66	AGDZX
XHIEX	0.69	0.65	0.48	0.59	0.66		XHIEX
	MRHYX	NEAIX	FYAIX	TAHFX	AGDZX	XHIEX

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Risk-Adjusted Indicators

There is a big difference between Calamos Mutual Fund performing well and Calamos Timpani 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 Timpani'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
MRHYX	0.12	0.02	(0.28)	0.72	0.00	(0.16)	0.24	(0.24)	0.59
NEAIX	1.14	0.03	(0.01)	0.13	1.49	(1.19)	2.28	(2.27)	9.37
FYAIX	0.19	0.00	(0.21)	0.11	0.24	(0.20)	0.30	(0.37)	1.44
TAHFX	0.14	0.02	(0.24)	1.64	0.00	(0.22)	0.37	(0.24)	1.22
AGDZX	0.13	0.02	(0.24)	(3.16)	0.00	(0.24)	0.43	(0.28)	1.14
XHIEX	0.13	0.01	(0.15)	0.21	0.08	(0.38)	0.32	(0.32)	2.41

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Calamos Timpani Correlations

Calamos Timpani Correlation With Market

Significant diversification

Moving together with Calamos Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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