Edgepoint Canadian Portfolio Fund Market Value
| 0P0000JO4N | 55.45 0.19 0.34% |
| Symbol | Edgepoint |
Edgepoint Canadian '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 Edgepoint Canadian'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 Edgepoint Canadian.
| 12/14/2022 |
| 12/03/2024 |
If you would invest 0.00 in Edgepoint Canadian on December 14, 2022 and sell it all today you would earn a total of 0.00 from holding Edgepoint Canadian Portfolio or generate 0.0% return on investment in Edgepoint Canadian over 720 days.
Edgepoint Canadian 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 Edgepoint Canadian'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 Edgepoint Canadian Portfolio upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7488 | |||
| Information Ratio | 0.048 | |||
| Maximum Drawdown | 3.3 | |||
| Value At Risk | (0.90) | |||
| Potential Upside | 1.06 |
Edgepoint Canadian Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Edgepoint Canadian's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Edgepoint Canadian's standard deviation. In reality, there are many statistical measures that can use Edgepoint Canadian historical prices to predict the future Edgepoint Canadian's volatility.| Risk Adjusted Performance | 0.185 | |||
| Jensen Alpha | 0.1113 | |||
| Total Risk Alpha | 0.0502 | |||
| Sortino Ratio | 0.0405 | |||
| Treynor Ratio | 0.4962 |
Edgepoint Canadian Backtested Returns
Edgepoint Canadian is out of control at the moment. Edgepoint Canadian secures Sharpe Ratio (or Efficiency) of 0.33, which denotes the fund had a 0.33% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Edgepoint Canadian Portfolio, which you can use to evaluate the volatility of the entity. Please confirm Edgepoint Canadian's Coefficient Of Variation of 408.29, downside deviation of 0.7488, and Mean Deviation of 0.4495 to check if the risk estimate we provide is consistent with the expected return of 0.19%. The fund shows a Beta (market volatility) of 0.29, which means not very significant fluctuations relative to the market. As returns on the market increase, Edgepoint Canadian's returns are expected to increase less than the market. However, during the bear market, the loss of holding Edgepoint Canadian is expected to be smaller as well.
Auto-correlation | 0.80 |
Very good predictability
Edgepoint Canadian Portfolio has very good predictability. Overlapping area represents the amount of predictability between Edgepoint Canadian time series from 14th of December 2022 to 9th of December 2023 and 9th of December 2023 to 3rd of December 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 Edgepoint Canadian price movement. The serial correlation of 0.8 indicates that around 80.0% of current Edgepoint Canadian price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 8.56 |
Edgepoint Canadian lagged returns against current returns
Autocorrelation, which is Edgepoint Canadian 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 Edgepoint Canadian's fund expected returns. We can calculate the autocorrelation of Edgepoint Canadian returns to help us make a trade decision. For example, suppose you find that Edgepoint Canadian 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 |
Edgepoint Canadian 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 Edgepoint Canadian fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Edgepoint Canadian fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Edgepoint Canadian fund over time.
Current vs Lagged Prices |
| Timeline |
Edgepoint Canadian Lagged Returns
When evaluating Edgepoint Canadian's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Edgepoint Canadian fund have on its future price. Edgepoint Canadian 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, Edgepoint Canadian autocorrelation shows the relationship between Edgepoint Canadian fund current value and its past values and can show if there is a momentum factor associated with investing in Edgepoint Canadian Portfolio.
Regressed Prices |
| Timeline |
Pair Trading with Edgepoint Canadian
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 Edgepoint Canadian 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 Edgepoint Canadian will appreciate offsetting losses from the drop in the long position's value.Moving together with Edgepoint Fund
| 0.94 | 0P0000706A | RBC Select Balanced | PairCorr |
| 0.95 | 0P00007069 | RBC Portefeuille | PairCorr |
| 0.93 | 0P0000IUYO | Edgepoint Global Por | PairCorr |
| 0.85 | 0P0001FAU8 | TD Comfort Balanced | PairCorr |
| 0.95 | 0P00012UCU | RBC Global Equity | PairCorr |
The ability to find closely correlated positions to Edgepoint Canadian could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Edgepoint Canadian 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 Edgepoint Canadian - 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 Edgepoint Canadian Portfolio to buy it.
The correlation of Edgepoint Canadian 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 Edgepoint Canadian moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Edgepoint Canadian 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 Edgepoint Canadian 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.| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
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