Cdspi Balanced Value Fund Market Value
| 0P000072OJ | CAD 37.11 0.21 0.56% |
| Symbol | CDSPI |
CDSPI Balanced '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 Balanced'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 Balanced.
| 12/24/2024 |
| 01/23/2025 |
If you would invest 0.00 in CDSPI Balanced on December 24, 2024 and sell it all today you would earn a total of 0.00 from holding CDSPI Balanced Value or generate 0.0% return on investment in CDSPI Balanced over 30 days. CDSPI Balanced is related to or competes with RBC Select, TD Comfort, Mawer Balanced, and Desjardins Melodia. The Fund is diversified through investments in a portfolio of Canadian equities, non-Canadian equities, fixed income sec... More
CDSPI Balanced 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 Balanced'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 Balanced Value upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3952 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 1.93 | |||
| Value At Risk | (0.57) | |||
| Potential Upside | 0.6509 |
CDSPI Balanced Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CDSPI Balanced's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CDSPI Balanced's standard deviation. In reality, there are many statistical measures that can use CDSPI Balanced historical prices to predict the future CDSPI Balanced's volatility.| Risk Adjusted Performance | 0.0387 | |||
| Jensen Alpha | 0.0111 | |||
| Total Risk Alpha | 0.0015 | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.2241 |
CDSPI Balanced Value Backtested Returns
At this point, CDSPI Balanced is very steady. CDSPI Balanced Value secures Sharpe Ratio (or Efficiency) of 0.0768, which signifies that the fund had a 0.0768 % return per unit of volatility over the last 3 months. We have found twenty-seven technical indicators for CDSPI Balanced Value, which you can use to evaluate the volatility of the entity. Please confirm CDSPI Balanced's mean deviation of 0.2777, and Risk Adjusted Performance of 0.0387 to double-check if the risk estimate we provide is consistent with the expected return of 0.0292%. The fund shows a Beta (market volatility) of 0.0556, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CDSPI Balanced's returns are expected to increase less than the market. However, during the bear market, the loss of holding CDSPI Balanced is expected to be smaller as well.
Auto-correlation | 0.36 |
Below average predictability
CDSPI Balanced Value has below average predictability. Overlapping area represents the amount of predictability between CDSPI Balanced time series from 24th of December 2024 to 8th of January 2025 and 8th of January 2025 to 23rd 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 Balanced Value price movement. The serial correlation of 0.36 indicates that just about 36.0% of current CDSPI Balanced price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
CDSPI Balanced Value lagged returns against current returns
Autocorrelation, which is CDSPI Balanced 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 Balanced's fund expected returns. We can calculate the autocorrelation of CDSPI Balanced returns to help us make a trade decision. For example, suppose you find that CDSPI Balanced 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 Balanced 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 Balanced fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CDSPI Balanced fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CDSPI Balanced fund over time.
Current vs Lagged Prices |
| Timeline |
CDSPI Balanced Lagged Returns
When evaluating CDSPI Balanced's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CDSPI Balanced fund have on its future price. CDSPI Balanced 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 Balanced autocorrelation shows the relationship between CDSPI Balanced fund current value and its past values and can show if there is a momentum factor associated with investing in CDSPI Balanced Value.
Regressed Prices |
| Timeline |
Pair Trading with CDSPI Balanced
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 Balanced 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 Balanced will appreciate offsetting losses from the drop in the long position's value.Moving together with CDSPI Fund
| 0.65 | 0P0000706A | RBC Select Balanced | PairCorr |
| 0.93 | 0P0001FAU8 | TD Comfort Balanced | PairCorr |
| 0.71 | 0P0000714D | Mawer Balanced | PairCorr |
| 0.64 | 0P0000YSHA | Desjardins Melodia | PairCorr |
The ability to find closely correlated positions to CDSPI Balanced 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 Balanced 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 Balanced - 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 Balanced Value to buy it.
The correlation of CDSPI Balanced 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 Balanced moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CDSPI Balanced Value 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 Balanced 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 Balanced 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 Balanced security.
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