Calamos Global Correlations

CVLCX Fund

USD 11.16 0.03 0.27%

The current 90-days correlation between Calamos Global Growth and Commonwealth Real Estate is 0.05 (i.e., Significant diversification). The correlation of Calamos Global 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 Global Correlation With Market

Significant diversification

The correlation between Calamos Global Growth and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calamos Global Growth 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 Global Growth. 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 main economic indicators.

Moving together with Calamos Mutual Fund

0.71	TRLCX	Tiaa-cref Large-cap	Pair Corr
0.74	PRDSX	T Rowe Price	Pair Corr
0.66	TEGYX	Mid Cap Growth	Pair Corr
0.81	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.69	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.7	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.69	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.69	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.62	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.76	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr

Moving against Calamos Mutual Fund

0.51	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.39	KO	Coca Cola Aggressive Push	Pair Corr
0.39	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	CNREX	STMDX	VCMIX	HTMIX	MURSX	JADBX	PHRAX
CNREX		0.64	0.59	0.52	0.36	0.81	0.7	CNREX
STMDX	0.64		0.85	0.73	0.35	0.93	0.91	STMDX
VCMIX	0.59	0.85		0.57	0.18	0.8	0.68	VCMIX
HTMIX	0.52	0.73	0.57		0.75	0.72	0.86	HTMIX
MURSX	0.36	0.35	0.18	0.75		0.38	0.61	MURSX
JADBX	0.81	0.93	0.8	0.72	0.38		0.9	JADBX
PHRAX	0.7	0.91	0.68	0.86	0.61	0.9		PHRAX
	CNREX	STMDX	VCMIX	HTMIX	MURSX	JADBX	PHRAX

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Risk-Adjusted Indicators

There is a big difference between Calamos Mutual Fund performing well and Calamos Global 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 Global'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
CNREX	0.62	0.01	(0.08)	0.16	0.78	(0.65)	1.22	(1.53)	3.86
STMDX	0.65	0.05	(0.07)	0.50	0.70	(0.69)	1.17	(1.12)	3.43
VCMIX	0.12	0.00	(0.72)	(0.03)	0.11	(0.13)	0.24	(0.20)	0.69
HTMIX	0.40	0.02	(0.12)	0.27	0.42	(0.60)	1.12	(0.75)	3.59
MURSX	0.45	0.08	(0.05)	(6.04)	0.35	(0.74)	1.28	(0.80)	3.61
JADBX	0.68	0.03	(0.06)	0.21	0.82	(0.69)	1.21	(1.43)	3.49
PHRAX	0.67	0.07	(0.04)	0.55	0.72	(0.77)	1.23	(1.27)	3.61

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