Calamos Long/Short Equity & Dynamic Income Trust Common Stock (CPZ) Correlation Distribution
Across 6,809 rolling correlation observations between Calamos Long/Short Equity & Dynamic Income Trust Common Stock (CPZ) and other NASDAQ-listed stocks, 74% are positive and 26% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.339, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 30.6% and strong negative correlations (≤−0.7) for 1.3%.
- Total observations
- 6,809
- Mean correlation
- 0.339
- Most common range
- 0.7 to 0.8
- Positive pairs
- 74%
- Strong positive (≥0.7)
- 30.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 43 | 0.6% | |
| -0.8 to -0.7 | 43 | 0.6% | |
| -0.7 to -0.6 | 142 | 2.1% | |
| -0.6 to -0.5 | 142 | 2.1% | |
| -0.5 to -0.4 | 305 | 4.5% | |
| -0.4 to -0.3 | 304 | 4.5% | |
| -0.3 to -0.2 | 267 | 3.9% | |
| -0.2 to -0.1 | 267 | 3.9% | |
| -0.1 to 0.0 | 257 | 3.8% | |
| 0.0 to 0.1 | 257 | 3.8% | |
| 0.1 to 0.2 | 298 | 4.4% | |
| 0.2 to 0.3 | 297 | 4.4% | |
| 0.3 to 0.4 | 428 | 6.3% | |
| 0.4 to 0.5 | 427 | 6.3% | |
| 0.5 to 0.6 | 625 | 9.2% | |
| 0.6 to 0.7 | 624 | 9.2% | |
| 0.7 to 0.8 | 963 | 14.1% | |
| 0.8 to 0.9 | 963 | 14.1% | |
| 0.9 to 1.0 | 157 | 2.3% |
Frequently asked questions
What is the average correlation of CPZ?
Calamos Long/Short Equity & Dynamic Income Trust Common Stock (CPZ) has an average correlation of about 0.339 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CPZ positively correlated with other stocks?
Mostly yes — 74% of pairs are positive and 26% are negative. Strong positive correlations (≥0.7) make up 30.6%.
What is the most common correlation range for CPZ?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 24.1% of all pairs.
Explore the full interactive correlation distribution for CPZ.
Open interactive dashboard →