Calamos Dynamic Correlations

Funds . USA . 
Fund . Calamos Dynamic Convertible
CCD Fund  USD 20.48  0.12  0.59%   
The current 90-days correlation between Calamos Dynamic Conv and Calamos Convertible And is 0.6 (i.e., Poor diversification). The correlation of Calamos Dynamic 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.

Calamos Dynamic Correlation With Market

Very weak diversification

The correlation between Calamos Dynamic Convertible and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calamos Dynamic Convertible 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 Dynamic Convertible. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving against Calamos Fund

  0.58RYMEX Commodities StrategyPairCorr
  0.54BUBSX Baird Ultra ShortPairCorr
  0.52LSIIX Loomis Sayles InvestmentPairCorr
  0.5RYMJX Commodities StrategyPairCorr
  0.5RYMBX Commodities StrategyPairCorr
  0.48KF Korea ClosedPairCorr
  0.48KAMCX Kensington Managed IncomePairCorr
  0.47FBIOX Biotechnology PortfolioPairCorr
  0.4ANVHX American Century NonPairCorr
  0.38CBLAX Columbia BalancedPairCorr
  0.38FAHYX Fidelity Advisor HighPairCorr
  0.37NBPIX Neuberger Berman LargePairCorr
  0.36SPGSX State Street PremierPairCorr
  0.36GPPSX Goldman Sachs ShortPairCorr
  0.36BLARX Lord Abbett BalancedPairCorr
  0.33WACSX Western Asset EPairCorr
  0.33OPTIX Oppenheimer CapitalPairCorr
  0.32DHLTX Diamond Hill AllPairCorr
  0.57PNRZX Pgim Jennison NaturalPairCorr
  0.5TIMPX Touchstone FundsPairCorr
  0.46ADNIX Amer Beacon Ark Steady GrowthPairCorr
  0.39TRROX T Rowe PricePairCorr
  0.39AAIYX Alger Mid Cap Steady GrowthPairCorr
  0.37FLCNX Fidelity ContrafundPairCorr
  0.36TEMUX Emerging Markets EquityPairCorr
  0.36GLEAX Goldman Sachs MlpPairCorr
  0.36GGNPX Goldman Sachs HighPairCorr
  0.34QGRPX Ubs Quality GrowthPairCorr
  0.34WEGRX Allspring Emerging GrowthPairCorr
  0.33STMUX Invesco Short TermPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Calamos Fund performing well and Calamos Dynamic 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 Dynamic'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY