Calamos Growth Correlations

Mutual Funds . USA . 
Fund . Calamos Growth Income
CVTRX Fund  USD 51.06  0.10  0.20%   
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

Good diversification

The correlation between Calamos Growth Income and DJI is -0.05 (i.e., Good 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 metropolitan statistical area.

Moving together with Calamos Mutual Fund

  0.8SROIX Calamos AntetokounmpoPairCorr
  0.78SROCX Calamos AntetokounmpoPairCorr
  0.87SRORX Calamos AntetokounmpoPairCorr
  0.99CVAIX Calamos OpportunisticPairCorr
  0.95CVACX Calamos OpportunisticPairCorr
  0.95CVAAX Calamos OpportunisticPairCorr
  0.99CVGRX Calamos GrowthPairCorr
  0.95CVGCX Calamos GrowthPairCorr
  0.83CVLOX Calamos Global GrowthPairCorr
  0.87CVLCX Calamos Global GrowthPairCorr
  0.93CVSIX Calamos Market NeutralPairCorr
  0.95CVSCX Calamos Market NeutralPairCorr
  0.96CVTCX Calamos Growth IncomePairCorr
  0.95CVSOX Calamos Market NeutralPairCorr
  0.88CXGCX Calamos Global VertiblePairCorr
  0.83CGCIX Calamos Global GrowthPairCorr
  0.87CGEOX Calamos Global EquityPairCorr
  1.0CGIOX Calamos Growth AndPairCorr
  0.96CGIIX Calamos Growth IncomePairCorr
  0.95CGRIX Calamos GrowthPairCorr
  0.81CHYDX Calamos High IncomePairCorr
  0.96CIDVX Calamos Dividend GrowthPairCorr
  0.98CICVX Calamos ConvertiblePairCorr
  0.86CIGEX Calamos Global EquityPairCorr
  0.82CIHYX Calamos High IncomePairCorr
  0.95CIHEX Calamos Hedged EquityPairCorr
  0.95CMNIX Calamos Market NeutralPairCorr
  0.66CNWIX Calamos Evolving WorldPairCorr
  0.66CNWGX Calamos Evolving WorldPairCorr
  0.66CNWDX Calamos Evolving WorldPairCorr
  0.81CPCLX Calamos Phineus LongshortPairCorr
  0.83CPLIX Calamos Phineus LongshortPairCorr

Moving against Calamos Mutual Fund

  0.35CISOX Calamos InternationalPairCorr
  0.41CAISX Calamos InternationalPairCorr
  0.35CSGIX 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 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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