Calamos Growth Correlations

CVTCX Fund

USD 54.00 1.01 1.91%

The current 90-days correlation between Calamos Growth Income and Jpmorgan Smartretirement 2050 is 0.91 (i.e., Almost no diversification). The correlation of Calamos Growth 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 Growth Correlation With Market

Very poor diversification

The correlation between Calamos Growth Income and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calamos Growth Income 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 Growth Income. 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 private.

Moving together with Calamos Mutual Fund

0.97	SROIX	Calamos Antetokounmpo	Pair Corr
0.97	SROAX	Innealta Capital Sector	Pair Corr
0.97	SROCX	Calamos Antetokounmpo	Pair Corr
0.97	SRORX	Calamos Antetokounmpo	Pair Corr
0.97	CVAIX	Calamos Opportunistic	Pair Corr
0.98	CVACX	Calamos Opportunistic	Pair Corr
0.97	CVAAX	Calamos Opportunistic	Pair Corr
0.97	CVGRX	Calamos Growth	Pair Corr
0.98	CVGCX	Calamos Growth	Pair Corr
0.76	CVLOX	Calamos Global Growth	Pair Corr
0.99	CVLCX	Calamos Global Growth	Pair Corr
0.91	CVSIX	Calamos Market Neutral	Pair Corr
0.91	CVSCX	Calamos Market Neutral	Pair Corr
0.9	CVSOX	Calamos Market Neutral	Pair Corr
1.0	CVTRX	Calamos Growth Income	Pair Corr
0.98	CXGCX	Calamos Global Vertible	Pair Corr
0.98	CGCIX	Calamos Global Growth	Pair Corr
0.76	CGEOX	Calamos Global Equity	Pair Corr
0.82	CGIOX	Calamos Growth And	Pair Corr
1.0	CGIIX	Calamos Growth Income	Pair Corr
0.89	CHYDX	Calamos High Income	Pair Corr
0.99	CICVX	Calamos Convertible	Pair Corr
0.96	CIGRX	Calamos International	Pair Corr
0.96	CIGOX	Calamos International	Pair Corr
0.96	CIGIX	Calamos International	Pair Corr
0.99	CIGEX	Calamos Global Equity	Pair Corr
0.97	CIGCX	Calamos International	Pair Corr
0.89	CIHYX	Calamos High Income	Pair Corr
0.83	CIHEX	Calamos Hedged Equity	Pair Corr
0.69	CISOX	Calamos International	Pair Corr
0.91	CMNIX	Calamos Market Neutral	Pair Corr
0.9	CMRCX	Columbia Marsico Growth	Pair Corr
0.9	CMRAX	Columbia Large Cap	Pair Corr
0.98	CMRGX	Calamos Investment Trust	Pair Corr
0.67	CNWIX	Calamos Evolving World	Pair Corr
0.67	CNWGX	Calamos Evolving World	Pair Corr
0.67	CNWDX	Calamos Evolving World	Pair Corr
0.86	CPCLX	Calamos Phineus Longshort	Pair Corr

Related Correlations Analysis

	CVTRX	CGIIX	PLIDX	PLIIX	GGN	PDIIX	JVTSX	JAVTX	JSIVX	JTSYX
CVTRX		1.0	0.73	0.71	0.85	0.85	0.9	0.9	0.87	0.98	CVTRX
CGIIX	1.0		0.73	0.71	0.85	0.85	0.89	0.89	0.87	0.98	CGIIX
PLIDX	0.73	0.73		0.98	0.77	0.83	0.71	0.71	0.73	0.77	PLIDX
PLIIX	0.71	0.71	0.98		0.77	0.83	0.69	0.7	0.73	0.76	PLIIX
GGN	0.85	0.85	0.77	0.77		0.85	0.88	0.88	0.91	0.89	GGN
PDIIX	0.85	0.85	0.83	0.83	0.85		0.78	0.79	0.88	0.91	PDIIX
JVTSX	0.9	0.89	0.71	0.69	0.88	0.78		1.0	0.91	0.9	JVTSX
JAVTX	0.9	0.89	0.71	0.7	0.88	0.79	1.0		0.91	0.9	JAVTX
JSIVX	0.87	0.87	0.73	0.73	0.91	0.88	0.91	0.91		0.92	JSIVX
JTSYX	0.98	0.98	0.77	0.76	0.89	0.91	0.9	0.9	0.92		JTSYX
	CVTRX	CGIIX	PLIDX	PLIIX	GGN	PDIIX	JVTSX	JAVTX	JSIVX	JTSYX

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Risk-Adjusted Indicators

There is a big difference between Calamos Mutual Fund performing well and Calamos Growth 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 Growth'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
CVTRX	0.70	0.07	0.06	0.18	0.69	(0.79)	1.49	(1.35)	8.90
CGIIX	0.70	0.08	0.07	0.20	0.67	(0.83)	1.51	(1.33)	9.40
PLIDX	0.14	0.00	(0.40)	0.09	0.09	(0.20)	0.31	(0.31)	0.72
PLIIX	0.13	0.00	(0.39)	0.12	0.07	(0.19)	0.31	(0.31)	0.72
GGN	1.20	0.18	0.08	0.32	1.70	(1.26)	2.03	(1.87)	9.22
PDIIX	0.12	0.01	(0.37)	0.29	0.00	(0.16)	0.30	(0.20)	0.80
JVTSX	0.91	0.09	0.09	0.17	0.85	(1.06)	1.66	(1.47)	7.93
JAVTX	0.90	0.08	0.08	0.16	0.85	(1.05)	1.66	(1.48)	7.49
JSIVX	0.78	0.21	0.24	0.32	0.40	(0.95)	2.12	(1.01)	5.48
JTSYX	0.55	0.05	0.04	0.16	0.52	(0.60)	1.15	(1.04)	4.92

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Calamos Growth Correlations

Calamos Growth Correlation With Market

Very poor diversification

Moving together with Calamos Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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