Canoe Global Equity Fund Market Value
| 0P0000UGMA | 105.67 1.48 1.42% |
| Symbol | Canoe |
Canoe Global '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 Canoe Global'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 Canoe Global.
| 11/14/2025 |
| 01/13/2026 |
If you would invest 0.00 in Canoe Global on November 14, 2025 and sell it all today you would earn a total of 0.00 from holding Canoe Global Equity or generate 0.0% return on investment in Canoe Global over 60 days.
Canoe Global 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 Canoe Global'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 Canoe Global Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5993 | |||
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 3.2 | |||
| Value At Risk | (0.83) | |||
| Potential Upside | 1.1 |
Canoe Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Canoe Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Canoe Global's standard deviation. In reality, there are many statistical measures that can use Canoe Global historical prices to predict the future Canoe Global's volatility.| Risk Adjusted Performance | 0.0394 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.10) | |||
| Treynor Ratio | 0.0542 |
Canoe Global Equity Backtested Returns
Currently, Canoe Global Equity is very steady. Canoe Global Equity secures Sharpe Ratio (or Efficiency) of 0.0592, which signifies that the fund had a 0.0592 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Canoe Global Equity, which you can use to evaluate the volatility of the entity. Please confirm Canoe Global's Risk Adjusted Performance of 0.0394, downside deviation of 0.5993, and Mean Deviation of 0.469 to double-check if the risk estimate we provide is consistent with the expected return of 0.0341%. The fund shows a Beta (market volatility) of 0.46, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Canoe Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Canoe Global is expected to be smaller as well.
Auto-correlation | 0.10 |
Insignificant predictability
Canoe Global Equity has insignificant predictability. Overlapping area represents the amount of predictability between Canoe Global time series from 14th of November 2025 to 14th of December 2025 and 14th of December 2025 to 13th of January 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Canoe Global Equity price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Canoe Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 2.07 |
Canoe Global Equity lagged returns against current returns
Autocorrelation, which is Canoe Global 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 Canoe Global's fund expected returns. We can calculate the autocorrelation of Canoe Global returns to help us make a trade decision. For example, suppose you find that Canoe Global 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 |
Canoe Global 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 Canoe Global fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Canoe Global fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Canoe Global fund over time.
Current vs Lagged Prices |
| Timeline |
Canoe Global Lagged Returns
When evaluating Canoe Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Canoe Global fund have on its future price. Canoe Global 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, Canoe Global autocorrelation shows the relationship between Canoe Global fund current value and its past values and can show if there is a momentum factor associated with investing in Canoe Global Equity.
Regressed Prices |
| Timeline |
Pair Trading with Canoe Global
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 Canoe Global 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 Canoe Global will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Canoe Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canoe Global 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 Canoe Global - 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 Canoe Global Equity to buy it.
The correlation of Canoe Global 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 Canoe Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canoe Global Equity 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 Canoe Global 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.| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
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