Ci Munro Alternative Etf Fundamentals
| CMAG Etf | CAD 37.45 0.29 0.78% |
CI Munro Alternative fundamentals help investors to digest information that contributes to CI Munro's financial success or failures. It also enables traders to predict the movement of CMAG Etf. The fundamental analysis module provides a way to measure CI Munro'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 CI Munro etf.
CMAG |
CI Munro Alternative ETF One Year Return Analysis
CI Munro's One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
More About One Year Return | All Equity Analysis
One Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Current CI Munro One Year Return | (17.18) % |
Most of CI Munro's fundamental indicators, such as One Year Return, 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 Munro Alternative is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
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Based on the recorded statements, CI Munro Alternative has an One Year Return of -17.18%. This is much lower than that of the CI Investments Inc family and significantly lower than that of the One Year Return category. The one year return for all Canada etfs is notably higher than that of the company.
CMAG One Year Return Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses CI Munro's direct or indirect competition against its One Year Return to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of CI Munro could also be used in its relative valuation, which is a method of valuing CI Munro by comparing valuation metrics of similar companies.CI Munro is currently under evaluation in one year return as compared to similar ETFs.
Fund Asset Allocation for CI Munro
The fund invests 56.9% of asset under management in tradable equity instruments, with the rest of investments concentrated in various types of exotic instruments.Asset allocation divides CI Munro'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.
CMAG Fundamentals
| Total Asset | 346.26 M | |||
| One Year Return | (17.18) % | |||
| Net Asset | 346.26 M | |||
| Equity Positions Weight | 56.90 % |
About CI Munro Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze CI Munro Alternative's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of CI Munro using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of CI Munro Alternative 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.CI MUNRO is traded on Toronto Stock Exchange in Canada.
Pair Trading with CI Munro
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 Munro 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 Munro will appreciate offsetting losses from the drop in the long position's value.Moving together with CMAG Etf
Moving against CMAG Etf
| 0.65 | TCLB | TD Canadian Long | PairCorr |
| 0.46 | VGV | Vanguard Canadian | PairCorr |
| 0.36 | VLB | Vanguard Canadian Long | PairCorr |
| 0.34 | HBB | Global X Canadian | PairCorr |
| 0.33 | XLB | iShares Core Canadian | PairCorr |
The ability to find closely correlated positions to CI Munro 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 Munro 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 Munro - 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 Munro Alternative to buy it.
The correlation of CI Munro 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 Munro moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CI Munro Alternative 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 Munro 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 CMAG Etf
CI Munro financial ratios help investors to determine whether CMAG 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 CMAG with respect to the benefits of owning CI Munro security.