Calamos Global Correlations

CGEOX Fund

USD 19.38 0.09 0.46%

The current 90-days correlation between Calamos Global Equity and Aperture Discover Equity is 0.09 (i.e., Significant 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.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Calamos Global Equity. 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 persons.

Moving together with Calamos Mutual Fund

0.86	SROIX	Calamos Antetokounmpo	Pair Corr
0.86	SROCX	Calamos Antetokounmpo	Pair Corr
0.86	SRORX	Calamos Antetokounmpo	Pair Corr
0.9	CVAIX	Calamos Opportunistic	Pair Corr
0.83	CVACX	Calamos Opportunistic	Pair Corr
0.83	CVAAX	Calamos Opportunistic	Pair Corr
0.79	CVGRX	Calamos Growth	Pair Corr
0.79	CVGCX	Calamos Growth	Pair Corr
0.9	CVLOX	Calamos Global Growth	Pair Corr
0.98	CVLCX	Calamos Global Growth	Pair Corr
0.7	CVSIX	Calamos Market Neutral	Pair Corr
0.71	CVSCX	Calamos Market Neutral	Pair Corr
0.82	CVTCX	Calamos Growth Income	Pair Corr
0.7	CVSOX	Calamos Market Neutral	Pair Corr
0.82	CVTRX	Calamos Growth Income	Pair Corr
0.79	CXGCX	Calamos Global Vertible	Pair Corr
0.9	CGCIX	Calamos Global Growth	Pair Corr
0.82	CGIOX	Calamos Growth And	Pair Corr
0.82	CGIIX	Calamos Growth Income	Pair Corr
0.79	CGRIX	Calamos Growth	Pair Corr
0.62	CHYDX	Calamos High Income	Pair Corr
0.83	CIDVX	Calamos Dividend Growth	Pair Corr
0.82	CICVX	Calamos Convertible	Pair Corr
0.89	CIGEX	Calamos Global Equity	Pair Corr
0.65	CIHYX	Calamos High Income	Pair Corr
0.82	CIHEX	Calamos Hedged Equity	Pair Corr
0.7	CMNIX	Calamos Market Neutral	Pair Corr
0.76	CMRCX	Columbia Marsico Growth	Pair Corr
0.77	CMRAX	Columbia Large Cap	Pair Corr
0.77	CMRGX	Calamos Investment Trust	Pair Corr
0.71	CNWIX	Calamos Evolving World	Pair Corr
0.71	CNWGX	Calamos Evolving World	Pair Corr
0.71	CNWDX	Calamos Evolving World	Pair Corr

Related Correlations Analysis

	ADSRX	LGFEX	FLQDFX	GMADX	HQIAX	ANQCX	GMOPX	DIVHX	TOIIX
ADSRX		-0.55	-0.56	0.16	0.59	0.0	0.0	0.54	0.24	ADSRX
LGFEX	-0.55		0.41	0.6	0.06	0.0	0.0	0.12	0.6	LGFEX
FLQDFX	-0.56	0.41		0.0	-0.24	0.0	0.0	-0.17	0.01	FLQDFX
GMADX	0.16	0.6	0.0		0.79	0.0	0.0	0.82	0.89	GMADX
HQIAX	0.59	0.06	-0.24	0.79		0.0	0.0	0.97	0.68	HQIAX
ANQCX	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	ANQCX
GMOPX	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	GMOPX
DIVHX	0.54	0.12	-0.17	0.82	0.97	0.0	0.0		0.76	DIVHX
TOIIX	0.24	0.6	0.01	0.89	0.68	0.0	0.0	0.76		TOIIX
	ADSRX	LGFEX	FLQDFX	GMADX	HQIAX	ANQCX	GMOPX	DIVHX	TOIIX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

DIVHX	+ 0.97	HQIAX
TOIIX	+ 0.89	GMADX
DIVHX	+ 0.82	GMADX
HQIAX	+ 0.79	GMADX
TOIIX	+ 0.76	DIVHX
TOIIX	+ 0.68	HQIAX

High negative correlations

FLQDFX	- 0.56	ADSRX
LGFEX	- 0.55	ADSRX
HQIAX	- 0.24	FLQDFX
DIVHX	- 0.17	FLQDFX
TOIIX	- 0.0	GMOPX
DIVHX	- 0.0	GMOPX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ADSRX	0.94	0.18	(0.01)	(0.41)	1.07	(1.03)	1.97	(1.57)	5.76
LGFEX	0.71	0.00	(0.15)	(0.03)	0.91	(0.70)	1.59	(1.33)	4.02
FLQDFX	0.73	0.39	0.00	(2.16)	0.00	0.00	1.58	(0.92)	1.97
GMADX	0.56	0.09	(0.07)	(3.04)	0.60	(0.61)	1.45	(0.98)	3.39
HQIAX	0.46	0.13	(0.05)	(1.42)	0.29	(0.56)	1.00	(0.85)	2.31
ANQCX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GMOPX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DIVHX	0.49	0.13	(0.02)	(57.87)	0.24	(0.58)	1.12	(0.74)	2.80
TOIIX	0.69	0.04	(0.13)	(0.66)	0.79	(0.78)	1.43	(1.59)	4.09

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Calamos Global Correlations

Moving together with Calamos Mutual Fund

Related Correlations Analysis

Correlation Matchups

Risk-Adjusted Indicators

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