CIBC Core Correlations

CPLS Etf

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A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CIBC Core moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CIBC Core Plus moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

CIBC Core Correlation With Market

Average diversification

The correlation between CIBC Core Plus and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CIBC Core Plus and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to CIBC Core could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CIBC Core 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 CIBC Core - 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 CIBC Core Plus to buy it.

Moving together with CIBC Etf

0.76	PCOR	PIMCO Managed Core	Pair Corr
0.69	MGB	Mackenzie Core Plus	Pair Corr
0.61	XSC	iShares Conservative	Pair Corr
0.74	HBF-B	Harvest Brand Leaders	Pair Corr
0.64	HHL-B	Harvest Healthcare	Pair Corr
0.72	AENU	AGF Enhanced Equity	Pair Corr
0.78	ZCON	BMO Conservative ETF	Pair Corr
0.61	TCSB	TD Select Short	Pair Corr
0.65	TOCM	TD One Click	Pair Corr
0.71	BGU	Bristol Gate Concentrated	Pair Corr
0.81	CCRE	CIBC Core Fixed	Pair Corr

Related Correlations Analysis

	CMUE	CCRE	CCEI	CCLN	CUDC-F	CCNS	CQLU	CSBG	CGLO
CMUE		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	CMUE
CCRE	0.0		-0.03	0.25	0.07	0.79	0.12	0.0	0.26	CCRE
CCEI	0.0	-0.03		-0.25	0.44	-0.14	-0.54	0.0	-0.06	CCEI
CCLN	0.0	0.25	-0.25		0.22	0.24	-0.02	0.0	0.54	CCLN
CUDC-F	0.0	0.07	0.44	0.22		0.07	-0.34	0.0	0.15	CUDC-F
CCNS	0.0	0.79	-0.14	0.24	0.07		-0.09	0.0	0.16	CCNS
CQLU	0.0	0.12	-0.54	-0.02	-0.34	-0.09		0.0	0.25	CQLU
CSBG	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	CSBG
CGLO	0.0	0.26	-0.06	0.54	0.15	0.16	0.25	0.0		CGLO
	CMUE	CCRE	CCEI	CCLN	CUDC-F	CCNS	CQLU	CSBG	CGLO

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

CCNS	+ 0.79	CCRE
CGLO	+ 0.54	CCLN
CUDC-F	+ 0.44	CCEI
CGLO	+ 0.26	CCRE
CCLN	+ 0.25	CCRE
CGLO	+ 0.25	CQLU

High negative correlations

CQLU	- 0.54	CCEI
CQLU	- 0.34	CUDC-F
CCLN	- 0.25	CCEI
CCNS	- 0.14	CCEI
CQLU	- 0.09	CCNS
CGLO	- 0.06	CCEI

CIBC Core Constituents Risk-Adjusted Indicators

There is a big difference between CIBC Etf performing well and CIBC Core 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 CIBC Core'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
CMUE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CCRE	0.13	0.00	(0.41)	0.01	0.10	(0.17)	0.33	(0.28)	0.78
CCEI	0.65	0.09	0.04	0.33	0.74	(0.67)	1.40	(1.31)	3.54
CCLN	1.12	0.06	0.01	0.21	1.53	(2.41)	3.70	(2.56)	15.39
CUDC-F	0.63	0.03	(0.06)	(0.22)	0.85	(0.62)	1.47	(1.59)	3.93
CCNS	0.06	(0.01)	(0.22)	(0.12)	0.09	(0.16)	0.16	(0.27)	0.82
CQLU	0.39	(0.04)	0.00	2.15	0.00	0.00	0.88	(1.00)	2.90
CSBG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CGLO	0.58	(0.02)	(0.07)	0.02	0.84	(0.56)	1.12	(1.24)	3.72

Be your own money manager

Our tools can tell you how much better you can do entering a position in CIBC Core 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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