CI Global Financial Statements From 2010 to 2024
| 0P000070HA | CAD 102.91 0.85 0.82% |
Check CI Global financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among CI Global's main balance sheet or income statement drivers, such as , as well as many indicators such as . 0P000070HA financial statements analysis is a perfect complement when working with CI Global Valuation or Volatility modules.
0P000070HA |
CI Global Alpha Fund Net Asset Analysis
CI Global's Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Current CI Global Net Asset | 356.32 M |
Most of CI Global's fundamental indicators, such as Net Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, CI Global Alpha is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
| Competition |
Based on the recorded statements, CI Global Alpha has a Net Asset of 356.32 M. This is much higher than that of the CI Investments Inc family and significantly higher than that of the Sector Equity category. The net asset for all Canada funds is notably lower than that of the firm.
CI Global Alpha Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining CI Global's current stock value. Our valuation model uses many indicators to compare CI Global value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across CI Global competition to find correlations between indicators driving CI Global's intrinsic value. More Info.CI Global Alpha is second largest fund in one year return among similar funds. It also is second largest fund in three year return among similar funds reporting about 0.57 of Three Year Return per One Year Return. The ratio of One Year Return to Three Year Return for CI Global Alpha is roughly 1.75 . Comparative valuation analysis is a catch-all model that can be used if you cannot value CI Global by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for CI Global's Fund. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.About CI Global Financial Statements
CI Global stakeholders use historical fundamental indicators, such as CI Global's revenue or net income, to determine how well the company is positioned to perform in the future. Although CI Global investors may analyze each financial statement separately, they are all interrelated. For example, changes in CI Global's assets and liabilities are reflected in the revenues and expenses on CI Global's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in CI Global Alpha. Please read more on our technical analysis and fundamental analysis pages.
This funds objective is to obtain maximum longterm capital growth. Signature Global is traded on Toronto Stock Exchange in Canada.
Pair Trading with CI Global
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if CI Global position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in CI Global will appreciate offsetting losses from the drop in the long position's value.Moving together with 0P000070HA Fund
| 0.98 | 0P0001FKWD | CI Signature Cat | PairCorr |
| 0.98 | 0P0001AAKP | CI Signature Cat | PairCorr |
| 0.94 | 0P0000733H | RBC Global Technology | PairCorr |
| 0.86 | 0P000070JI | Fidelity Technology | PairCorr |
Moving against 0P000070HA Fund
| 0.82 | 0P000070H9 | CI Global Health | PairCorr |
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 Alpha to buy it.
The correlation of CI Global 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 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 Alpha moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for CI Global can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in 0P000070HA Fund
CI Global financial ratios help investors to determine whether 0P000070HA Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in 0P000070HA with respect to the benefits of owning CI Global security.
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