Which stocks are most correlated with CPZ?

Based on one year of daily returns, the stocks most correlated with Calamos Long/Short Equity & Dynamic Income Trust Common Stock (CPZ) are BTZ (0.39), BLW (0.38) and EXG (0.37). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with CPZ?

Over the past year, the stocks most inversely correlated with Calamos Long/Short Equity & Dynamic Income Trust Common Stock (CPZ) are EFU (-0.33), HDGE (-0.31) and EFZ (-0.30). A negative correlation means the two stocks have tended to move in opposite directions.

Calamos Long/Short Equity & Dynamic Income Trust Common Stock (CPZ) — Stock Correlations & Overview

Over the past year, CPZ has moved most closely with BTZ, BLW, EXG. Explore the stocks most correlated and inversely correlated with CPZ below, along with its price, financials, and company profile.

Stocks correlated with CPZ

Correlation of daily returns. Higher positive values move with CPZ; negative values move opposite it. Informational only, not investment advice.

Most correlated with CPZ

Symbol	Company	Correlation
BTZ	BlackRock Credit Allocation Income Trust	0.39
BLW	Blackrock Limited Duration Income Trust	0.38
EXG	Eaton Vance Tax-Managed Global Diversified Equity Income Fund	0.37
BCAT	BlackRock Capital Allocation Term Trust	0.37
MUJ	BLACKROCK MUNIHOLDINGS NEW JERSEY QUALITY FUND, INC.	0.37

Most inversely correlated with CPZ

Symbol	Company	Correlation
EFU	ProShares Trust UltraShort MSCI EAFE	-0.33
HDGE	AdvisorShares Ranger Equity Bear ETF	-0.31
EFZ	ProShares Trust Short MSCI EAFE	-0.30
SPXU	ProShares UltraPro Short S&P 500	-0.30
SDS	ProShares UltraShort S&P500	-0.30

Frequently asked questions about CPZ correlations

Which stocks are most correlated with CPZ?: Based on one year of daily returns, the stocks most correlated with Calamos Long/Short Equity & Dynamic Income Trust Common Stock (CPZ) are BTZ (0.39), BLW (0.38) and EXG (0.37). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with CPZ?: Over the past year, the stocks most inversely correlated with Calamos Long/Short Equity & Dynamic Income Trust Common Stock (CPZ) are EFU (-0.33), HDGE (-0.31) and EFZ (-0.30). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these CPZ correlations calculated?: We compute the correlation of daily returns between CPZ and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

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