CI Synergy Correlations
| 0P000075Q1 | 42.39 0.00 0.00% |
The current 90-days correlation between CI Synergy American and RBC Select Balanced is 0.73 (i.e., Poor diversification). The correlation of CI Synergy 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.
CI Synergy Correlation With Market
Significant diversification
The correlation between CI Synergy American and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CI Synergy American and DJI in the same portfolio, assuming nothing else is changed.
0P000075Q1 |
The ability to find closely correlated positions to CI Synergy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CI Synergy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back CI Synergy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling CI Synergy American to buy it.
Moving together with 0P000075Q1 Fund
| 0.95 | 0P0000706A | RBC Select Balanced | PairCorr |
| 0.95 | 0P00007069 | RBC Portefeuille | PairCorr |
| 0.88 | 0P0000IUYO | Edgepoint Global Por | PairCorr |
| 0.89 | 0P0001FAU8 | TD Comfort Balanced | PairCorr |
| 0.99 | 0P00012UCU | RBC Global Equity | PairCorr |
Related Correlations Analysis
| 1.0 | 0.93 | 0.93 | 0.96 | 0.37 | 0P0000706A | ||
| 1.0 | 0.93 | 0.9 | 0.96 | 0.34 | 0P00007069 | ||
| 0.93 | 0.93 | 0.86 | 0.91 | 0.34 | 0P0000IUYO | ||
| 0.93 | 0.9 | 0.86 | 0.89 | 0.48 | 0P0001FAU8 | ||
| 0.96 | 0.96 | 0.91 | 0.89 | 0.18 | 0P00012UCU | ||
| 0.37 | 0.34 | 0.34 | 0.48 | 0.18 | 0P00007149 | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between 0P000075Q1 Fund performing well and CI Synergy 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 CI Synergy'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 0P0000706A | 0.26 | 0.09 | 0.00 | 1.03 | 0.00 | 0.69 | 1.58 | |||
| 0P00007069 | 0.31 | 0.11 | 0.06 | 1.13 | 0.00 | 0.83 | 1.99 | |||
| 0P0000IUYO | 0.48 | 0.11 | 0.04 | 1.27 | 0.28 | 1.19 | 2.60 | |||
| 0P0001FAU8 | 0.23 | 0.06 | (0.11) | 0.79 | 0.00 | 0.61 | 1.24 | |||
| 0P00012UCU | 0.54 | 0.19 | 0.19 | 1.77 | 0.00 | 1.21 | 3.15 | |||
| 0P00007149 | 0.49 | 0.02 | (0.10) | 0.32 | 0.60 | 0.94 | 3.27 |
CI Synergy Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with CI Synergy fund to make a market-neutral strategy. Peer analysis of CI Synergy could also be used in its relative valuation, which is a method of valuing CI Synergy by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |