Ci Canada Lifeco Etf Probability Of Bankruptcy
| FLI Etf | CAD 11.97 0.06 0.50% |
FLI |
CI Canada Lifeco ETF odds of distress Analysis
CI Canada's Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
More About Probability Of Bankruptcy | All Equity Analysis
Probability Of Bankruptcy | = | Normalized | | Z-Score |
Current CI Canada Probability Of Bankruptcy | Less than 9% |
Most of CI Canada's fundamental indicators, such as Probability Of Bankruptcy, 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 Canada Lifeco is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of CI Canada probability of bankruptcy is based on Altman Z-Score and Piotroski F-Score, but not limited to these measures. To be applied to a broader range of industries and markets, we use several other techniques to enhance the accuracy of predicting CI Canada odds of financial distress. These include financial statement analysis, different types of price predictions, earning estimates, analysis consensus, and basic intrinsic valuation. Please use the options below to get a better understanding of different measures that drive the calculation of CI Canada Lifeco financial health.
The Probability of Bankruptcy SHOULD NOT be confused with the actual chance of a company to file for chapter 7, 11, 12, or 13 bankruptcy protection. Macroaxis simply defines Financial Distress as an operational condition where a company is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from both public financial statements as well as analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors taken into account include analysis of liquidity, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
| Competition |
Based on the latest financial disclosure, CI Canada Lifeco has a Probability Of Bankruptcy of 9.0%. This is much higher than that of the First Asset Investment Management Inc family and significantly higher than that of the Financial Services Equity category. The probability of bankruptcy for all Canada etfs is notably lower than that of the firm.
FLI Probability Of Bankruptcy Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses CI Canada's direct or indirect competition against its Probability Of Bankruptcy to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of CI Canada could also be used in its relative valuation, which is a method of valuing CI Canada by comparing valuation metrics of similar companies.CI Canada is currently under evaluation in probability of bankruptcy as compared to similar ETFs.
FLI Fundamentals
| Number Of Employees | 13 | |||
| Beta | 1.06 | |||
| Total Asset | 143.49 M | |||
| One Year Return | 31.80 % | |||
| Three Year Return | 12.00 % | |||
| Five Year Return | 9.40 % | |||
| Ten Year Return | 8.20 % | |||
| Net Asset | 143.49 M | |||
| Last Dividend Paid | 0.15 | |||
| Equity Positions Weight | 99.51 % |
About CI Canada Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze CI Canada Lifeco's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of CI Canada using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of CI Canada Lifeco 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 CI Canada
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 Canada 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 Canada will appreciate offsetting losses from the drop in the long position's value.Moving together with FLI Etf
| 0.89 | ZEB | BMO SPTSX Equal | PairCorr |
| 0.95 | XFN | iShares SPTSX Capped | PairCorr |
| 0.91 | ZBK | BMO Equal Weight | PairCorr |
| 0.9 | HCA | Hamilton Canadian Bank | PairCorr |
| 0.9 | ZUB | BMO Equal Weight | PairCorr |
Moving against FLI Etf
The ability to find closely correlated positions to CI Canada 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 Canada 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 Canada - 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 Canada Lifeco to buy it.
The correlation of CI Canada 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 Canada moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CI Canada Lifeco 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 Canada 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 FLI Etf
CI Canada financial ratios help investors to determine whether FLI 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 FLI with respect to the benefits of owning CI Canada security.