CI Global Correlations

CLML Etf

47.17 0.89 1.85%

The current 90-days correlation between CI Global Climate and Ninepoint Gold and is 0.22 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CI Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CI Global Climate moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

CI Global Correlation With Market

Very weak diversification

The correlation between CI Global Climate and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CI Global Climate and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to CI Global 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 Global 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 Global - 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 Global Climate to buy it.

Moving together with CLML Etf

0.82	XEQT	iShares Core Equity	Pair Corr
0.74	XAW	iShares Core MSCI	Pair Corr
0.83	DXG	Dynamic Active Global	Pair Corr
0.72	VXC	Vanguard FTSE Global	Pair Corr
0.81	VEQT	Vanguard All Equity	Pair Corr
0.8	XMW	iShares MSCI Min	Pair Corr
0.97	CGRA	CI Global Real	Pair Corr
0.73	HGU	BetaPro Canadian Gold	Pair Corr
0.82	ZGD	BMO Equal Weight	Pair Corr
0.75	HBU	BetaPro Gold Bullion	Pair Corr
0.83	ZJG	BMO Junior Gold	Pair Corr
0.83	HGGG	Harvest Global Gold	Pair Corr
0.8	XGD	iShares SPTSX Global	Pair Corr
0.77	HEP	Global X Enhanced	Pair Corr
0.93	CYH	iShares Global Monthly	Pair Corr
0.87	CORE	PIMCO Canadian Core	Pair Corr
0.85	XBAL	iShares Core Balanced	Pair Corr
0.94	HXE	Global X SPTSX	Pair Corr
0.76	COPP	Global X Copper	Pair Corr
0.86	TGFI	TD Active Global	Pair Corr
0.82	XSI	iShares Short Term	Pair Corr
0.85	XDV	iShares Canadian Select	Pair Corr
0.94	XEG	iShares SPTSX Capped	Pair Corr
0.78	HXU	BetaPro SP TSX	Pair Corr
0.86	PSB	Invesco 1 5	Pair Corr
0.84	VCN	Vanguard FTSE Canada	Pair Corr
0.95	HXH	Global X Canadian	Pair Corr
0.84	OILU	SavvyLong Geared Crude	Pair Corr
0.75	ZSML	BMO SP Small	Pair Corr
0.86	XSEM	iShares ESG Aware	Pair Corr

Moving against CLML Etf

0.63

NSGE

NBI Sustainable Global

Pair Corr

Related Correlations Analysis

	CLML	NHYB	AGLB	NUBF	QDXB	FTHI	ZSB	CNDD	GLDE
CLML		0.59	0.0	0.83	0.8	0.0	0.91	-0.83	0.71	CLML
NHYB	0.59		0.0	0.62	0.45	-0.51	0.69	-0.7	0.67	NHYB
AGLB	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	AGLB
NUBF	0.83	0.62	0.0		0.8	-0.06	0.91	-0.68	0.6	NUBF
QDXB	0.8	0.45	0.0	0.8		0.24	0.84	-0.63	0.45	QDXB
FTHI	0.0	-0.51	0.0	-0.06	0.24		-0.11	0.19	-0.29	FTHI
ZSB	0.91	0.69	0.0	0.91	0.84	-0.11		-0.81	0.73	ZSB
CNDD	-0.83	-0.7	0.0	-0.68	-0.63	0.19	-0.81		-0.9	CNDD
GLDE	0.71	0.67	0.0	0.6	0.45	-0.29	0.73	-0.9		GLDE
	CLML	NHYB	AGLB	NUBF	QDXB	FTHI	ZSB	CNDD	GLDE

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

ZSB	+ 0.91	CLML
ZSB	+ 0.91	NUBF
ZSB	+ 0.84	QDXB
NUBF	+ 0.83	CLML
QDXB	+ 0.8	CLML
QDXB	+ 0.8	NUBF

High negative correlations

GLDE	- 0.9	CNDD
CNDD	- 0.83	CLML
CNDD	- 0.81	ZSB
CNDD	- 0.7	NHYB
CNDD	- 0.68	NUBF
CNDD	- 0.63	QDXB

CI Global Constituents Risk-Adjusted Indicators

There is a big difference between CLML Etf performing well and CI Global ETF 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 Global'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
CLML	1.00	0.14	0.11	0.21	1.04	(1.14)	2.63	(1.99)	5.41
NHYB	0.23	(0.01)	0.00	(0.10)	0.00	0.00	0.46	(0.50)	1.70
AGLB	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NUBF	0.26	0.00	(0.10)	(0.03)	0.33	(0.28)	0.66	(0.56)	1.92
QDXB	0.16	(0.01)	(0.12)	(0.06)	0.31	(0.16)	0.34	(0.26)	1.74
FTHI	0.64	(0.04)	0.00	(0.17)	0.00	0.00	1.46	(1.07)	6.82
ZSB	0.06	0.00	(0.24)	(0.87)	0.09	(0.06)	0.12	(0.10)	0.63
CNDD	1.18	(0.17)	0.00	0.20	0.00	0.00	2.99	(2.16)	9.46
GLDE	2.00	0.37	0.11	0.43	3.09	(2.04)	3.43	(4.03)	15.41

Be your own money manager

Our tools can tell you how much better you can do entering a position in CI Global without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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