Ci Black Creek Fund Market Value
| 0P0000752C | CAD 16.05 0.03 0.19% |
| Symbol | 0P0000752C |
CI Black '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 CI Black'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 CI Black.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in CI Black on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding CI Black Creek or generate 0.0% return on investment in CI Black over 720 days. CI Black is related to or competes with TD Comfort, TD Comfort, RBC Mondial, and Canadian High. The fundamental investment objective of Black Creek Global Leaders Fund is to seek growth of capital by investing primar... More
CI Black 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 CI Black'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 CI Black Creek upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 3.87 | |||
| Value At Risk | (1.24) | |||
| Potential Upside | 1.15 |
CI Black Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CI Black's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CI Black's standard deviation. In reality, there are many statistical measures that can use CI Black historical prices to predict the future CI Black's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (0.30) |
CI Black Creek Backtested Returns
CI Black Creek retains Efficiency (Sharpe Ratio) of -0.0383, which signifies that the fund had a -0.0383% return per unit of price deviation over the last 3 months. CI Black exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CI Black's Variance of 0.5858, market risk adjusted performance of (0.29), and Information Ratio of (0.21) to double-check the risk estimate we provide. The fund owns a Beta (Systematic Risk) of 0.13, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CI Black's returns are expected to increase less than the market. However, during the bear market, the loss of holding CI Black is expected to be smaller as well.
Auto-correlation | -0.37 |
Poor reverse predictability
CI Black Creek has poor reverse predictability. Overlapping area represents the amount of predictability between CI Black time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of CI Black Creek price movement. The serial correlation of -0.37 indicates that just about 37.0% of current CI Black price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.56 |
CI Black Creek lagged returns against current returns
Autocorrelation, which is CI Black 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 CI Black's fund expected returns. We can calculate the autocorrelation of CI Black returns to help us make a trade decision. For example, suppose you find that CI Black 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 |
CI Black 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 CI Black fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CI Black fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CI Black fund over time.
Current vs Lagged Prices |
| Timeline |
CI Black Lagged Returns
When evaluating CI Black's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CI Black fund have on its future price. CI Black 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, CI Black autocorrelation shows the relationship between CI Black fund current value and its past values and can show if there is a momentum factor associated with investing in CI Black Creek.
Regressed Prices |
| Timeline |
Pair Trading with CI Black
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 Black 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 Black will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to CI Black 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 Black 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 Black - 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 Black Creek to buy it.
The correlation of CI Black 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 Black moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CI Black Creek 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 Black 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 0P0000752C Fund
CI Black financial ratios help investors to determine whether 0P0000752C 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 0P0000752C with respect to the benefits of owning CI Black security.
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