Cibc Global Growth Etf Working Capital
| CGLO Etf | CAD 31.04 0.24 0.77% |
CIBC Global Growth fundamentals help investors to digest information that contributes to CIBC Global's financial success or failures. It also enables traders to predict the movement of CIBC Etf. The fundamental analysis module provides a way to measure CIBC Global'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 CIBC Global etf.
CIBC |
CIBC Global Growth ETF Working Capital Analysis
CIBC Global's Working Capital is a measure of company efficiency and operating liquidity. The working capital is usually calculated by subtracting Current Liabilities from Current Assets. It is an important indicator of the firm ability to continue its normal operations without additional debt obligations. .
More About Working Capital | All Equity Analysis
Working Capital | = | Current Assets | - | Current Liabilities |
Working Capital can be positive or negative, depending on how much of current debt the company is carrying on its balance sheet. In general terms, companies that have a lot of working capital will experience more growth in the near future since they can expand and improve their operations using existing resources. On the other hand, companies with small or negative working capital may lack the funds necessary for growth or future operation. Working Capital also shows if the company has sufficient liquid resources to satisfy short-term liabilities and operational expenses.
| Competition |
In accordance with the company's disclosures, CIBC Global Growth has a Working Capital of 0.0. This indicator is about the same for the CIBC Asset Management Inc.(CAMI) average (which is currently at 0.0) family and about the same as Global Equity (which currently averages 0.0) category. This indicator is about the same for all Canada etfs average (which is currently at 0.0).
CIBC Working Capital Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses CIBC Global's direct or indirect competition against its Working Capital to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of CIBC Global could also be used in its relative valuation, which is a method of valuing CIBC Global by comparing valuation metrics of similar companies.CIBC Global is currently under evaluation in working capital as compared to similar ETFs.
Fund Asset Allocation for CIBC Global
The fund consists of 97.93% investments in stocks, with the rest of investments allocated between various types of exotic instruments.Asset allocation divides CIBC Global's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
CIBC Fundamentals
| Beta | 0.99 | |||
| Total Asset | 46.04 M | |||
| One Year Return | 24.40 % | |||
| Three Year Return | 8.00 % | |||
| Net Asset | 46.04 M | |||
| Equity Positions Weight | 97.93 % |
About CIBC Global Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze CIBC Global Growth's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of CIBC Global using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of CIBC Global Growth based on its fundamental data. In general, a quantitative approach, as applied to this etf, 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 CIBC 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 CIBC 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 CIBC Global will appreciate offsetting losses from the drop in the long position's value.Moving together with CIBC Etf
| 0.98 | XEQT | iShares Core Equity | PairCorr |
| 0.97 | XAW | iShares Core MSCI | PairCorr |
| 0.96 | DXG | Dynamic Active Global | PairCorr |
| 0.97 | VXC | Vanguard FTSE Global | PairCorr |
| 0.98 | XWD | iShares MSCI World | PairCorr |
The ability to find closely correlated positions to CIBC 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 CIBC 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 CIBC 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 CIBC Global Growth to buy it.
The correlation of CIBC 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 CIBC Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CIBC Global Growth 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 CIBC 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 CIBC Etf
CIBC Global financial ratios help investors to determine whether CIBC 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 CIBC with respect to the benefits of owning CIBC Global security.