Correlation Between Calamos International and Inflation Protected
Can any of the company-specific risk be diversified away by investing in both Calamos International and Inflation Protected at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Calamos International and Inflation Protected into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Calamos International Small and Inflation Protected Bond Fund, you can compare the effects of market volatilities on Calamos International and Inflation Protected and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Calamos International with a short position of Inflation Protected. Check out your portfolio center. Please also check ongoing floating volatility patterns of Calamos International and Inflation Protected.
Diversification Opportunities for Calamos International and Inflation Protected
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Calamos and Inflation is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Calamos International Small and Inflation Protected Bond Fund in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Inflation Protected and Calamos International is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Calamos International Small are associated (or correlated) with Inflation Protected. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Inflation Protected has no effect on the direction of Calamos International i.e., Calamos International and Inflation Protected go up and down completely randomly.
Pair Corralation between Calamos International and Inflation Protected
If you would invest 1,015 in Inflation Protected Bond Fund on November 2, 2024 and sell it today you would earn a total of 20.00 from holding Inflation Protected Bond Fund or generate 1.97% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
Calamos International Small vs. Inflation Protected Bond Fund
Performance |
| Timeline |
| Calamos International |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
| Inflation Protected |
Calamos International and Inflation Protected Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Calamos International and Inflation Protected
The main advantage of trading using opposite Calamos International and Inflation Protected positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Calamos International position performs unexpectedly, Inflation Protected can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Inflation Protected will offset losses from the drop in Inflation Protected's long position.| Calamos International vs. Aig Government Money | Calamos International vs. Chestnut Street Exchange | Calamos International vs. Franklin Government Money | Calamos International vs. Schwab Government Money |
| Inflation Protected vs. Investec Emerging Markets | Inflation Protected vs. Western Assets Emerging | Inflation Protected vs. Barings Emerging Markets | Inflation Protected vs. Dodge Cox Emerging |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Other Complementary Tools
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
| Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing |