Calamos Growth Correlations

Mutual Funds . USA . 
Fund . Calamos Growth Income
CVTCX Fund  USD 51.61  0.31  0.60%   
The current 90-days correlation between Calamos Growth Income and Calamos Growth Fund is 0.95 (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

Significant diversification

The correlation between Calamos Growth Income and DJI is 0.06 (i.e., Significant 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 main economic indicators.

Moving together with Calamos Mutual Fund

  0.68FFIFX American FundsPairCorr
  0.68FAIFX American FundsPairCorr
  0.7IFACX Income FundPairCorr
  0.68IFAFX Income FundPairCorr
  0.72AMECX Income FundPairCorr
  0.7RIDBX Income FundPairCorr
  0.71CIMEX Income FundPairCorr
  0.72RIDFX Income FundPairCorr
  0.7CIMCX Income FundPairCorr
  0.72CIMFX Income FundPairCorr
  0.79ASG Liberty All StarPairCorr
  0.82CII Blackrock EnhancedPairCorr
  0.82ETV Eaton Vance TaxPairCorr
  0.78CLM Cornerstone StrategicPairCorr
  0.77CRF Cornerstone StrategicPairCorr
  0.83USA Liberty All StarPairCorr
  0.81ETY Eaton Vance TaxPairCorr
  0.62NFJ Virtus Dividend InterestPairCorr
  0.67GAB Gabelli Equity TrustPairCorr
  0.96TEGYX Mid Cap GrowthPairCorr
  0.86FSRBX Banking Portfolio BankingPairCorr
  0.95TRLCX Tiaa-cref Large-capPairCorr
  0.85PRDSX T Rowe PricePairCorr
  0.66XOM Exxon Mobil Corp Fiscal Year End 7th of February 2025 PairCorr
  0.71WMT Walmart Aggressive PushPairCorr
  0.71DIS Walt Disney Aggressive PushPairCorr
  0.7JPM JPMorgan Chase Sell-off TrendPairCorr
  0.78HPQ HP IncPairCorr
  0.61TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.77INTC Intel Fiscal Year End 23rd of January 2025 PairCorr

Moving against Calamos Mutual Fund

  0.74MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.7KO Coca Cola Aggressive PushPairCorr
  0.58PFE Pfizer Inc Aggressive PushPairCorr
  0.51BA Boeing Fiscal Year End 29th of January 2025 PairCorr
  0.37PG Procter GamblePairCorr

Related Correlations Analysis

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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.

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