Correlation Between Calamos Global and Dynamic Total

Can any of the company-specific risk be diversified away by investing in both Calamos Global and Dynamic Total 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 Global and Dynamic Total into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Calamos Global Growth and Dynamic Total Return, you can compare the effects of market volatilities on Calamos Global and Dynamic Total 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 Global with a short position of Dynamic Total. Check out your portfolio center. Please also check ongoing floating volatility patterns of Calamos Global and Dynamic Total.

Diversification Opportunities for Calamos Global and Dynamic Total

0.0

Correlation Coefficient

Calamos Global  Dynamic Total

Pay attention - limited upside

The 3 months correlation between Calamos and Dynamic is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Calamos Global Growth and Dynamic Total Return in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Dynamic Total Return and Calamos Global 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 Global Growth are associated (or correlated) with Dynamic Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Dynamic Total Return has no effect on the direction of Calamos Global i.e., Calamos Global and Dynamic Total go up and down completely randomly.

Pair Corralation between Calamos Global and Dynamic Total

If you would invest  1,385  in Calamos Global Growth on September 10, 2025 and sell it today you would earn a total of  18.00  from holding Calamos Global Growth or generate 1.3% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	0.0%
Values	Daily Returns

Calamos Global Growth  vs.  Dynamic Total Return

Calamos Global Growth

Risk-Adjusted Performance

Weak

Compared to the overall equity markets, risk-adjusted returns on investments in Calamos Global Growth are ranked lower than 2 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong basic indicators, Calamos Global is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

Dynamic Total Return

Risk-Adjusted Performance

Weakest

Over the last 90 days Dynamic Total Return has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong basic indicators, Dynamic Total is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

Pair Trading with Calamos Global and Dynamic Total

The main advantage of trading using opposite Calamos Global and Dynamic Total positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Calamos Global position performs unexpectedly, Dynamic Total 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 Dynamic Total will offset losses from the drop in Dynamic Total's long position.

The idea behind Calamos Global Growth and Dynamic Total Return pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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 Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.