CI Gold Correlations
| VALT-B Fund | 38.83 0.01 0.03% |
The current 90-days correlation between CI Gold Bullion and RBC Select Balanced is -0.08 (i.e., Good diversification). The correlation of CI Gold 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 Gold Correlation With Market
Very good diversification
The correlation between CI Gold Bullion and DJI is -0.26 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CI Gold Bullion and DJI in the same portfolio, assuming nothing else is changed.
VALT-B |
The ability to find closely correlated positions to CI Gold 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 Gold 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 Gold - 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 Gold Bullion to buy it.
Moving against VALT-B Fund
| 0.64 | 0P0000732C | Ninepoint Energy | PairCorr |
| 0.5 | 0P00012UCU | RBC Global Equity | PairCorr |
| 0.45 | 0P0000S9O7 | PIMCO Monthly Income | PairCorr |
| 0.44 | 0P0000706A | RBC Select Balanced | PairCorr |
| 0.44 | 0P00007069 | RBC Portefeuille | PairCorr |
| 0.41 | 0P000070CY | CDSPI Canadian Equity | PairCorr |
| 0.39 | 0P0000IUYO | Edgepoint Global Por | PairCorr |
| 0.33 | 0P00007065 | RBC mondial dnergie | PairCorr |
Related Correlations Analysis
| 0.86 | 1.0 | 0.86 | 0.76 | 0.93 | 0P0000706A | ||
| 0.86 | 0.85 | 0.8 | 0.51 | 0.85 | 0P0000S9O7 | ||
| 1.0 | 0.85 | 0.85 | 0.77 | 0.93 | 0P00007069 | ||
| 0.86 | 0.8 | 0.85 | 0.79 | 0.89 | 0P0000IUYO | ||
| 0.76 | 0.51 | 0.77 | 0.79 | 0.71 | 0P0001FAU8 | ||
| 0.93 | 0.85 | 0.93 | 0.89 | 0.71 | 0P00012UCU | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between VALT-B Fund performing well and CI Gold 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 Gold'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 | 0.35 | (0.05) | 0.00 | (1.29) | 0.00 | 0.57 | 4.24 | |||
| 0P0000S9O7 | 0.18 | (0.06) | 0.00 | (1.07) | 0.00 | 0.24 | 1.76 | |||
| 0P00007069 | 0.40 | (0.05) | 0.00 | (1.36) | 0.00 | 0.60 | 4.63 | |||
| 0P0000IUYO | 0.49 | (0.04) | 0.00 | (0.81) | 0.00 | 0.95 | 3.24 | |||
| 0P0001FAU8 | 0.26 | 0.00 | (0.06) | (1.67) | 0.36 | 0.62 | 1.76 | |||
| 0P00012UCU | 0.74 | (0.09) | 0.00 | 0.48 | 0.00 | 1.12 | 11.95 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in CI Gold 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.Did you try this?
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