Cdspi Common Stock Fund Market Value
| 0P000070DZ | CAD 221.18 1.61 0.73% |
| Symbol | CDSPI |
CDSPI Common 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to CDSPI Common's fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of CDSPI Common.
| 04/08/2023 |
| 01/27/2025 |
If you would invest 0.00 in CDSPI Common on April 8, 2023 and sell it all today you would earn a total of 0.00 from holding CDSPI Common Stock or generate 0.0% return on investment in CDSPI Common over 660 days. CDSPI Common is related to or competes with CDSPI Dividend, CDSPI Balanced, CDSPI SP, CDSPI Income, and CDSPI Petite. The investment objective is to provide longer term capital growth More
CDSPI Common Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure CDSPI Common's fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess CDSPI Common Stock upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5365 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 2.38 | |||
| Value At Risk | (0.85) | |||
| Potential Upside | 0.7572 |
CDSPI Common Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CDSPI Common's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CDSPI Common's standard deviation. In reality, there are many statistical measures that can use CDSPI Common historical prices to predict the future CDSPI Common's volatility.| Risk Adjusted Performance | 0.0441 | |||
| Jensen Alpha | 0.0087 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0784 |
CDSPI Common Stock Backtested Returns
At this point, CDSPI Common is very steady. CDSPI Common Stock secures Sharpe Ratio (or Efficiency) of 0.0731, which signifies that the fund had a 0.0731 % return per unit of volatility over the last 3 months. We have found twenty-eight technical indicators for CDSPI Common Stock, which you can use to evaluate the volatility of the entity. Please confirm CDSPI Common's risk adjusted performance of 0.0441, and Mean Deviation of 0.3992 to double-check if the risk estimate we provide is consistent with the expected return of 0.0368%. The fund shows a Beta (market volatility) of 0.26, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CDSPI Common's returns are expected to increase less than the market. However, during the bear market, the loss of holding CDSPI Common is expected to be smaller as well.
Auto-correlation | 0.59 |
Modest predictability
CDSPI Common Stock has modest predictability. Overlapping area represents the amount of predictability between CDSPI Common time series from 8th of April 2023 to 3rd of March 2024 and 3rd of March 2024 to 27th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of CDSPI Common Stock price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current CDSPI Common price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 98.53 |
CDSPI Common Stock lagged returns against current returns
Autocorrelation, which is CDSPI Common fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting CDSPI Common's fund expected returns. We can calculate the autocorrelation of CDSPI Common returns to help us make a trade decision. For example, suppose you find that CDSPI Common has exhibited high autocorrelation historically, and you observe that the fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
CDSPI Common regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If CDSPI Common fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CDSPI Common fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CDSPI Common fund over time.
Current vs Lagged Prices |
| Timeline |
CDSPI Common Lagged Returns
When evaluating CDSPI Common's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CDSPI Common fund have on its future price. CDSPI Common autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, CDSPI Common autocorrelation shows the relationship between CDSPI Common fund current value and its past values and can show if there is a momentum factor associated with investing in CDSPI Common Stock.
Regressed Prices |
| Timeline |
Pair Trading with CDSPI Common
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 Common 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 Common will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to CDSPI Common 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 Common 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 Common - 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 Common Stock to buy it.
The correlation of CDSPI Common 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 Common moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CDSPI Common Stock 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 Common 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 Common 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 Common security.
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