Calamos Global Correlations

Mutual Funds . USA . 
Fund . Calamos Global Vertible
CXGCX Fund  USD 12.42  0.01  0.08%   
The current 90-days correlation between Calamos Global Vertible and Franklin Vertible Securities is 0.76 (i.e., Poor diversification). The correlation of Calamos Global 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 Global Correlation With Market

Poor diversification

The correlation between Calamos Global Vertible 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 Global Vertible 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 Global Vertible. 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

  0.84SROIX Calamos AntetokounmpoPairCorr
  0.82SROCX Calamos AntetokounmpoPairCorr
  0.83SRORX Calamos AntetokounmpoPairCorr
  0.9CVAIX Calamos OpportunisticPairCorr
  0.9CVACX Calamos OpportunisticPairCorr
  0.9CVAAX Calamos OpportunisticPairCorr
  0.88CVGRX Calamos GrowthPairCorr
  0.88CVGCX Calamos GrowthPairCorr
  0.91CVLOX Calamos Global GrowthPairCorr
  0.9CVSIX Calamos Market NeutralPairCorr
  0.91CVSCX Calamos Market NeutralPairCorr
  0.9CVSOX Calamos Market NeutralPairCorr
  0.92CVTRX Calamos Growth IncomePairCorr
  0.91CGCIX Calamos Global GrowthPairCorr
  0.86CGEOX Calamos Global EquityPairCorr
  0.92CGIIX Calamos Growth IncomePairCorr
  0.88CGRIX Calamos GrowthPairCorr
  0.9CICVX Calamos ConvertiblePairCorr
  0.92CIHEX Calamos Hedged EquityPairCorr
  0.91CMNIX Calamos Market NeutralPairCorr
  0.81CNWIX Calamos Evolving WorldPairCorr
  0.8CNWDX Calamos Evolving WorldPairCorr
  0.71CPCLX Calamos Phineus LongshortPairCorr
  0.72CPLIX Calamos Phineus LongshortPairCorr
  0.72CPLSX Calamos Phineus LongshortPairCorr
  0.93CAHEX Calamos Hedged EquityPairCorr
  0.8CTASX Calamos Timpani Small Steady GrowthPairCorr
  0.8CTCSX Calamos Timpani Small Steady GrowthPairCorr
  0.78CTIGX Calamos Timpani SmidPairCorr
  0.8CTOGX Calamos Timpani SmidPairCorr
  0.8CTSIX Calamos Timpani Small Steady GrowthPairCorr
  1.0CCGCX Calamos Global VertiblePairCorr
  0.92CCHEX Calamos Hedged EquityPairCorr
  0.9CCVIX Calamos ConvertiblePairCorr
  0.9CCVCX Calamos ConvertiblePairCorr
  0.86FCSZX Franklin ConvertiblePairCorr
  0.85FCSKX Franklin ConvertiblePairCorr
  0.84FISCX Franklin ConvertiblePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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