CI First Financial Statements From 2010 to 2024
| MXF Etf | CAD 10.95 0.03 0.27% |
Check CI First financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among CI First's main balance sheet or income statement drivers, such as , as well as many indicators such as . MXF financial statements analysis is a perfect complement when working with CI First Valuation or Volatility modules.
MXF |
CI First Asset ETF Price To Book Analysis
CI First's Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Current CI First Price To Book | 1.10 X |
Most of CI First's fundamental indicators, such as Price To Book, 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 First Asset is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
| Competition |
Based on the latest financial disclosure, CI First Asset has a Price To Book of 1.1 times. This is much higher than that of the First Asset Investment Management Inc family and significantly higher than that of the Natural Resources Equity category. The price to book for all Canada etfs is notably lower than that of the firm.
CI First Asset Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining CI First's current stock value. Our valuation model uses many indicators to compare CI First value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across CI First competition to find correlations between indicators driving CI First's intrinsic value. More Info.CI First Asset is regarded second largest ETF in price to earning as compared to similar ETFs. It also is regarded second largest ETF in price to book as compared to similar ETFs fabricating about 0.03 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for CI First Asset is roughly 31.07 . Comparative valuation analysis is a catch-all model that can be used if you cannot value CI First by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for CI First's Etf. 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 First Financial Statements
CI First investors utilize fundamental indicators, such as revenue or net income, to predict how MXF Etf might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
The investment objective of the Can-Materials ETF is to provide unitholders, through an actively managed portfolio, as described below, with quarterly cash distributions, the opportunity for capital appreciation by investing on an equal weight basis in a portfolio of securities of the 25 largest issuers measured by market capitalization chosen from the SPTSX Capped Materials Index and lower overall volatility of returns on the portfolio than would be experienced by owning a portfolio of securities of such issuers directly. CI FA is traded on Toronto Stock Exchange in Canada.
Pair Trading with CI First
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 First 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 First will appreciate offsetting losses from the drop in the long position's value.Moving together with MXF Etf
The ability to find closely correlated positions to CI First 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 First 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 First - 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 First Asset to buy it.
The correlation of CI First 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 First moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CI First Asset 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 First 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 MXF Etf
CI First financial ratios help investors to determine whether MXF Etf 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 MXF with respect to the benefits of owning CI First security.