Calamos Growth Correlations

Mutual Funds . USA . 
Fund . Calamos Growth Income
CVTCX Fund  USD 53.56  0.08  0.15%   
The current 90-days correlation between Calamos Growth Income and Calamos Global Growth is 0.09 (i.e., Significant 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 0.8 (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 unemployment.

Moving together with Calamos Mutual Fund

  0.81SROIX Calamos AntetokounmpoPairCorr
  0.75SROAX Innealta Capital SectorPairCorr
  0.81SROCX Calamos AntetokounmpoPairCorr
  0.81SRORX Calamos AntetokounmpoPairCorr
  0.63CVAIX Calamos OpportunisticPairCorr
  0.62CVACX Calamos OpportunisticPairCorr
  0.63CVAAX Calamos OpportunisticPairCorr
  0.74CVLOX Calamos Global GrowthPairCorr
  0.74CVLCX Calamos Global GrowthPairCorr
  0.7CVSIX Calamos Market NeutralPairCorr
  0.71CVSCX Calamos Market NeutralPairCorr
  0.71CVSOX Calamos Market NeutralPairCorr
  1.0CVTRX Calamos Growth IncomePairCorr
  0.75CXGCX Calamos Global VertiblePairCorr
  0.74CGCIX Calamos Global GrowthPairCorr
  0.83CGEOX Calamos Global EquityPairCorr
  1.0CGIOX Calamos Growth AndPairCorr
  1.0CGIIX Calamos Growth IncomePairCorr
  0.69CHYDX Calamos High IncomePairCorr
  0.69CICVX Calamos ConvertiblePairCorr
  0.68CIGRX Calamos InternationalPairCorr
  0.66CIGOX Calamos InternationalPairCorr
  0.68CIGIX Calamos InternationalPairCorr
  0.69CIGEX Calamos Global EquityPairCorr
  0.66CIGCX Calamos InternationalPairCorr
  0.68CIHYX Calamos High IncomePairCorr
  0.82CIHEX Calamos Hedged EquityPairCorr
  0.69CMNIX Calamos Market NeutralPairCorr
  0.63CMRCX Columbia Marsico GrowthPairCorr
  0.63CMRAX Columbia Large CapPairCorr
  0.63CMRGX Calamos Investment TrustPairCorr
  0.71CPLIX Calamos Phineus LongshortPairCorr

Related Correlations Analysis


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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SROIX  0.56  0.06  0.05  0.16  0.64 
(0.59)
 1.08 
(1.28)
 5.49 
SROAX  0.57  0.15  0.08 (0.79) 0.60 
(0.61)
 1.08 
(1.26)
 5.59 
SROCX  0.56  0.06  0.04  0.16  0.65 
(0.60)
 1.03 
(1.28)
 5.62 
SRORX  0.56  0.06  0.05  0.16  0.62 
(0.62)
 1.02 
(1.26)
 5.42 
CVAIX  0.63  0.10  0.02 (0.39) 0.72 
(0.68)
 1.23 
(1.51)
 7.09 
CVACX  0.66  0.13  0.05 (0.43) 0.69 
(0.74)
 1.27 
(1.53)
 9.14 
CVAAX  0.64  0.10  0.02 (0.39) 0.72 
(0.69)
 1.25 
(1.50)
 7.43 
CVGRX  0.87  0.15  0.05 (0.50) 0.97 
(0.90)
 1.37 
(1.80)
 11.32 
CVGCX  1.75  0.87  0.62 (0.73) 0.00 
(2.15)
 1.37 
(1.78)
 55.20 
CVLOX  0.59  0.14  0.09  39.03  0.54 
(0.66)
 1.33 
(1.32)
 3.84 

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