Cdspi Sp 500 Fund Cash Position Weight
| 0P0000724E | CAD 72.29 0.21 0.29% |
CDSPI SP 500 fundamentals help investors to digest information that contributes to CDSPI SP's financial success or failures. It also enables traders to predict the movement of CDSPI Fund. The fundamental analysis module provides a way to measure CDSPI SP's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to CDSPI SP fund.
CDSPI |
CDSPI SP 500 Fund Cash Position Weight Analysis
CDSPI SP's Percentage of fund asset invested in cash equivalents or risk-free instruments. About 40% of all global funds carry cash on their balance sheet.
Funds or ETFs that have over 40% of their value invested in low-risk instruments or cash equivalents typically attract conservative investors.
| Competition |
In accordance with the recently published financial statements, CDSPI SP 500 has 0.0% in Cash Position Weight. This indicator is about the same for the CDSPI average (which is currently at 0.0) family and about the same as US Equity (which currently averages 0.0) category. This indicator is about the same for all Canada funds average (which is currently at 0.0).
CDSPI Cash Position Weight Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses CDSPI SP's direct or indirect competition against its Cash Position Weight to detect undervalued stocks with similar characteristics or determine the funds which would be a good addition to a portfolio. Peer analysis of CDSPI SP could also be used in its relative valuation, which is a method of valuing CDSPI SP by comparing valuation metrics of similar companies.CDSPI SP is currently under evaluation in cash position weight among similar funds.
CDSPI Fundamentals
| Total Asset | 36.47 M | |||
| One Year Return | 3.01 % | |||
| Three Year Return | 8.42 % | |||
| Five Year Return | 10.93 % | |||
| Ten Year Return | 14.01 % | |||
| Net Asset | 36.47 M | |||
| Minimum Initial Investment | 50 |
About CDSPI SP Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze CDSPI SP 500's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of CDSPI SP using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of CDSPI SP 500 based on its fundamental data. In general, a quantitative approach, as applied to this fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with CDSPI SP
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 CDSPI SP 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 CDSPI SP will appreciate offsetting losses from the drop in the long position's value.Moving together with CDSPI Fund
| 0.97 | 0P000071W8 | TD Index Fund | PairCorr |
The ability to find closely correlated positions to CDSPI SP could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CDSPI SP 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 CDSPI SP - 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 CDSPI SP 500 to buy it.
The correlation of CDSPI SP 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 CDSPI SP moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CDSPI SP 500 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 CDSPI SP 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 CDSPI Fund
CDSPI SP financial ratios help investors to determine whether CDSPI 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 CDSPI with respect to the benefits of owning CDSPI SP security.
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