Calamos Market Correlations

Mutual Funds . USA . 
Fund . Calamos Market Neutral
CVSCX Fund  USD 15.29  0.01  0.07%   
The current 90-days correlation between Calamos Market Neutral and The Arbitrage Fund is 0.35 (i.e., Weak diversification). The correlation of Calamos Market 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 Market Correlation With Market

Poor diversification

The correlation between Calamos Market Neutral and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calamos Market Neutral 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 Market Neutral. 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

  0.79SROIX Calamos AntetokounmpoPairCorr
  0.76SROCX Calamos AntetokounmpoPairCorr
  0.74SRORX Calamos AntetokounmpoPairCorr
  0.94CVAIX Calamos OpportunisticPairCorr
  0.93CVACX Calamos OpportunisticPairCorr
  0.93CVAAX Calamos OpportunisticPairCorr
  0.94CVGRX Calamos GrowthPairCorr
  0.94CVGCX Calamos GrowthPairCorr
  0.8CVLOX Calamos Global GrowthPairCorr
  0.78CVLCX Calamos Global GrowthPairCorr
  1.0CVSIX Calamos Market NeutralPairCorr
  0.95CVTCX Calamos Growth IncomePairCorr
  1.0CVSOX Calamos Market NeutralPairCorr
  0.95CVTRX Calamos Growth IncomePairCorr
  0.91CXGCX Calamos Global VertiblePairCorr
  0.8CGCIX Calamos Global GrowthPairCorr
  0.75CGEOX Calamos Global EquityPairCorr
  0.95CGIOX Calamos Growth AndPairCorr
  0.95CGIIX Calamos Growth IncomePairCorr
  0.94CGRIX Calamos GrowthPairCorr
  0.89CHYDX Calamos High IncomePairCorr
  0.94CIDVX Calamos Dividend GrowthPairCorr
  0.95CICVX Calamos ConvertiblePairCorr
  0.75CIGEX Calamos Global EquityPairCorr
  0.91CIHYX Calamos High IncomePairCorr
  0.96CIHEX Calamos Hedged EquityPairCorr
  1.0CMNIX Calamos Market NeutralPairCorr
  0.68CNWIX Calamos Evolving WorldPairCorr
  0.68CNWGX Calamos Evolving WorldPairCorr
  0.67CNWDX Calamos Evolving WorldPairCorr
  0.81CPCLX Calamos Phineus LongshortPairCorr
  0.82CPLIX Calamos Phineus LongshortPairCorr
  0.82CPLSX Calamos Phineus LongshortPairCorr

Moving against Calamos Mutual Fund

  0.46CISOX Calamos InternationalPairCorr
  0.44CAISX Calamos InternationalPairCorr
  0.43CSGIX Calamos InternationalPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Calamos Mutual Fund performing well and Calamos Market 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 Market'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.

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