Calamos Long/Short Equity & Dynamic Income Term Trust (CPZ)

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Calamos Long/Short Equity & Dynamic Income Term Trust (CPZ) is down 7.0% since the beginning of the year. At $13 per share, CPZ is trading 22.3% below its 52-week high of $17. Investors who bought $1,000 worth of CPZ shares 5 years ago would now be looking at an investment worth $1,048.

Calamos Long/Short Equity & Dynamic Income Term Trust (CPZ) has returned -6.99% so far this year and -8.27% over the past 12 months.

Based on dividend-adjusted daily data since Nov 26, 2019, CPZ's average daily return is +0.03%, while the average monthly return is +0.42%. At this rate, an investment would double in approximately 13.8 years.

Historically, 56% of months were positive and 44% were negative. The best month was Nov 2020 with a return of +22.4%, while the worst month was Mar 2020 at -20.3%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 4 months.

On a daily basis, CPZ closed higher 51% of trading days. The best single day was Mar 19, 2020 with a return of +15.8%, while the worst single day was Mar 18, 2020 at -20.1%.

Calamos Long/Short Equity & Dynamic Income Term Trust has an annualized alpha of -3.57%, beta of 0.63, and R2 of 0.29 versus S&P 500 Index. Calculated based on daily prices since November 27, 2019.

• This stock participated in 86.87% of S&P 500 Index downside but only 52.46% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.63 may look defensive, but with R2 of 0.29 this stock is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this stock's risk.
• R2 of 0.29 means this stock moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

CPZ ranks 16 for risk / return — in the bottom 16% of stocks on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

The table below present risk-adjusted performance metrics for Calamos Long/Short Equity & Dynamic Income Term Trust (CPZ) and compare them to S&P 500 Index.

Calamos Long/Short Equity & Dynamic Income Term Trust provided a 12.85% dividend yield over the last twelve months, with an annual payout of $1.68 per share.

The table displays the monthly dividend distributions for Calamos Long/Short Equity & Dynamic Income Term Trust. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Calamos Long/Short Equity & Dynamic Income Term Trust. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Calamos Long/Short Equity & Dynamic Income Term Trust was 51.43%, occurring on Mar 18, 2020. Recovery took 231 trading sessions.

The current Calamos Long/Short Equity & Dynamic Income Term Trust drawdown is 15.69%.

The chart below shows the rolling one-month volatility.

The chart below illustrates the trends in the financial health of Calamos Long/Short Equity & Dynamic Income Term Trust over time, highlighting three key metrics: Total Revenue, Earnings Before Interest and Taxes (EBIT), and Net Income.

The Valuation section provides an overview of how Calamos Long/Short Equity & Dynamic Income Term Trust is priced in the market compared to other companies in the Capital Markets industry. It includes key financial ratios that help investors assess whether the stock is undervalued or overvalued.