CI Global Correlations

CLML Etf

35.00 1.18 3.49%

The current 90-days correlation between CI Global Climate and iShares MSCI Min is -0.08 (i.e., Good 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

Modest diversification

The correlation between CI Global Climate and DJI is 0.21 (i.e., Modest 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

0.69	XEQT	iShares Core Equity	Pair Corr
0.64	XAW	iShares Core MSCI	Pair Corr
0.76	DXG	Dynamic Active Global	Pair Corr
0.64	VXC	Vanguard FTSE Global	Pair Corr
0.64	XWD	iShares MSCI World	Pair Corr
0.67	VEQT	Vanguard All Equity	Pair Corr
0.64	HBLK	Blockchain Technologies	Pair Corr

Moving against CLML Etf

0.53	HXD	BetaPro SPTSX 60	Pair Corr
0.53	HIU	BetaPro SP 500	Pair Corr
0.46	HQD	BetaPro NASDAQ 100	Pair Corr
0.42	HED	BetaPro SPTSX Capped	Pair Corr

Related Correlations Analysis

	XML	XMS	ZUAG-U	XHB	EDGF	SOLR	0P0000OXA6	ALA-PA	ECO	TKU
XML		0.36	0.23	0.46	0.49	-0.15	-0.04	0.38	-0.12	-0.11	XML
XMS	0.36		0.82	-0.28	0.38	0.37	0.67	-0.4	-0.67	-0.27	XMS
ZUAG-U	0.23	0.82		-0.35	0.38	0.42	0.79	-0.55	-0.57	-0.18	ZUAG-U
XHB	0.46	-0.28	-0.35		0.01	-0.76	-0.38	0.81	0.25	0.21	XHB
EDGF	0.49	0.38	0.38	0.01		0.13	0.33	-0.03	-0.16	-0.28	EDGF
SOLR	-0.15	0.37	0.42	-0.76	0.13		0.3	-0.74	-0.29	-0.07	SOLR
0P0000OXA6	-0.04	0.67	0.79	-0.38	0.33	0.3		-0.55	-0.49	-0.2	0P0000OXA6
ALA-PA	0.38	-0.4	-0.55	0.81	-0.03	-0.74	-0.55		0.29	-0.01	ALA-PA
ECO	-0.12	-0.67	-0.57	0.25	-0.16	-0.29	-0.49	0.29		0.37	ECO
TKU	-0.11	-0.27	-0.18	0.21	-0.28	-0.07	-0.2	-0.01	0.37		TKU
	XML	XMS	ZUAG-U	XHB	EDGF	SOLR	0P0000OXA6	ALA-PA	ECO	TKU

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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

ZUAG-U	+ 0.82	XMS
ALA-PA	+ 0.81	XHB
0P0000OXA6	+ 0.79	ZUAG-U
0P0000OXA6	+ 0.67	XMS
EDGF	+ 0.49	XML
XHB	+ 0.46	XML

High negative correlations

SOLR	- 0.76	XHB
ALA-PA	- 0.74	SOLR
ECO	- 0.67	XMS
ECO	- 0.57	ZUAG-U
ALA-PA	- 0.55	0P0000OXA6
ALA-PA	- 0.55	ZUAG-U

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
XML	0.32	0.02	(0.10)	0.22	0.36	(0.36)	0.84	(0.61)	2.25
XMS	0.47	(0.02)	(0.12)	0.04	0.60	(0.49)	0.96	(1.08)	3.45
ZUAG-U	0.13	(0.02)	0.00	(0.27)	0.00	0.00	0.47	(0.40)	1.80
XHB	0.23	0.03	(0.19)	0.27	0.00	(0.29)	0.52	(0.36)	1.69
EDGF	0.87	0.02	(0.05)	(0.05)	1.14	(1.21)	2.30	(2.36)	6.49
SOLR	4.73	(0.31)	0.00	(0.05)	0.00	0.00	25.00	(25.00)	58.33
0P0000OXA6	0.79	(0.04)	0.00	(0.42)	0.00	0.00	1.37	(1.49)	13.40
ALA-PA	0.51	0.23	0.15	5.30	0.27	(0.60)	1.25	(0.91)	3.09
ECO	1.62	0.01	0.00	0.08	0.00	0.00	3.00	(3.15)	10.20
TKU	11.75	1.71	0.04	(0.67)	13.19	(50.00)	50.00	(33.33)	83.33

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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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