CI ONE Correlations

ONEB Etf

CAD 49.75 0.08 0.16%

The current 90-days correlation between CI ONE North and CI ONE Global is -0.02 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CI ONE moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CI ONE North moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

CI ONE Correlation With Market

Significant diversification

The correlation between CI ONE North and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CI ONE North and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to CI ONE 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 ONE 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 ONE - 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 ONE North to buy it.

Moving together with ONEB Etf

0.76	ZAG	BMO Aggregate Bond	Pair Corr
0.75	XBB	iShares Canadian Universe	Pair Corr
0.89	ZCPB	BMO Core Plus	Pair Corr
0.75	ZDB	BMO Discount Bond	Pair Corr
0.71	XGB	iShares Canadian Gov	Pair Corr
0.67	ZMP	BMO Mid Provincial	Pair Corr
0.76	XQB	iShares High Quality	Pair Corr
0.73	HBB	Global X Canadian	Pair Corr
0.71	CCRE	CIBC Core Fixed	Pair Corr
0.63	TCLB	TD Canadian Long	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.32	0.11	0.06	0.47	0.22	0.66	0.44	-0.43	0.42	META
MSFT	0.32		-0.24	0.08	0.27	0.13	0.2	0.12	0.15	-0.51	MSFT
UBER	0.11	-0.24		0.02	-0.55	0.18	-0.38	-0.34	0.29	0.39	UBER
F	0.06	0.08	0.02		0.33	-0.45	0.43	0.61	-0.42	0.35	F
T	0.47	0.27	-0.55	0.33		-0.34	0.87	0.85	-0.74	0.06	T
A	0.22	0.13	0.18	-0.45	-0.34		-0.29	-0.48	0.58	-0.05	A
CRM	0.66	0.2	-0.38	0.43	0.87	-0.29		0.92	-0.85	0.31	CRM
JPM	0.44	0.12	-0.34	0.61	0.85	-0.48	0.92		-0.87	0.28	JPM
MRK	-0.43	0.15	0.29	-0.42	-0.74	0.58	-0.85	-0.87		-0.41	MRK
XOM	0.42	-0.51	0.39	0.35	0.06	-0.05	0.31	0.28	-0.41		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

JPM	+ 0.92	CRM
CRM	+ 0.87	T
JPM	+ 0.85	T
CRM	+ 0.66	META
JPM	+ 0.61	F
MRK	+ 0.58	A

High negative correlations

MRK	- 0.87	JPM
MRK	- 0.85	CRM
MRK	- 0.74	T
T	- 0.55	UBER
XOM	- 0.51	MSFT
JPM	- 0.48	A

CI ONE Constituents Risk-Adjusted Indicators

There is a big difference between ONEB Etf performing well and CI ONE 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 ONE'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
META	1.15	0.26	0.13	0.63	1.17	(1.34)	3.22	(1.87)	8.02
MSFT	0.88	0.07	0.01	0.23	1.35	(0.87)	2.09	(1.57)	8.19
UBER	1.78	(0.22)	0.00	(0.07)	0.00	0.00	2.69	(2.88)	20.41
F	1.43	(0.15)	(0.04)	0.01	2.22	(1.41)	2.53	(2.90)	11.21
T	0.98	0.15	0.03	3.35	1.06	(1.06)	2.36	(1.99)	6.74
A	1.22	0.01	(0.04)	0.14	1.48	(1.28)	2.71	(2.41)	9.02
CRM	1.46	0.39	0.28	0.39	1.01	(1.68)	3.59	(1.93)	13.87
JPM	1.08	(0.02)	0.05	0.10	1.30	(1.20)	1.73	(1.44)	15.87
MRK	0.92	(0.22)	0.00	(0.77)	0.00	0.00	2.00	(2.17)	4.89
XOM	0.96	(0.05)	0.00	(0.07)	0.00	0.00	1.83	(2.65)	6.06

Be your own money manager

Our tools can tell you how much better you can do entering a position in CI ONE 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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