Ci Signature Cat Fund Market Value
| 0P0001FKWD | CAD 36.32 0.30 0.83% |
| Symbol | 0P0001FKWD |
CI Signature '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 Signature'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 Signature.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in CI Signature on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding CI Signature Cat or generate 0.0% return on investment in CI Signature over 30 days. CI Signature is related to or competes with CI Global, and CI Global. This funds objective is to obtain maximum longterm capital growth More
CI Signature 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 Signature'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 Signature Cat upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.46 | |||
| Information Ratio | 0.0913 | |||
| Maximum Drawdown | 5.9 | |||
| Value At Risk | (2.23) | |||
| Potential Upside | 2.81 |
CI Signature Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CI Signature's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CI Signature's standard deviation. In reality, there are many statistical measures that can use CI Signature historical prices to predict the future CI Signature's volatility.| Risk Adjusted Performance | 0.1457 | |||
| Jensen Alpha | 0.2069 | |||
| Total Risk Alpha | 0.0275 | |||
| Sortino Ratio | 0.0883 | |||
| Treynor Ratio | 0.71 |
CI Signature Cat Backtested Returns
CI Signature appears to be very steady, given 3 months investment horizon. CI Signature Cat retains Efficiency (Sharpe Ratio) of 0.21, which signifies that the fund had a 0.21% return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for CI Signature, which you can use to evaluate the volatility of the entity. Please makes use of CI Signature's Market Risk Adjusted Performance of 0.72, coefficient of variation of 543.21, and Standard Deviation of 1.41 to double-check if our risk estimates are consistent with your expectations. The fund owns a Beta (Systematic Risk) of 0.35, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, CI Signature's returns are expected to increase less than the market. However, during the bear market, the loss of holding CI Signature is expected to be smaller as well.
Auto-correlation | 0.56 |
Modest predictability
CI Signature Cat has modest predictability. Overlapping area represents the amount of predictability between CI Signature time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 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 Signature Cat price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current CI Signature price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
CI Signature Cat lagged returns against current returns
Autocorrelation, which is CI Signature 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 Signature's fund expected returns. We can calculate the autocorrelation of CI Signature returns to help us make a trade decision. For example, suppose you find that CI Signature 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 Signature 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 Signature fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CI Signature fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CI Signature fund over time.
Current vs Lagged Prices |
| Timeline |
CI Signature Lagged Returns
When evaluating CI Signature's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CI Signature fund have on its future price. CI Signature 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 Signature autocorrelation shows the relationship between CI Signature fund current value and its past values and can show if there is a momentum factor associated with investing in CI Signature Cat.
Regressed Prices |
| Timeline |
Pair Trading with CI Signature
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 Signature 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 Signature will appreciate offsetting losses from the drop in the long position's value.Moving together with 0P0001FKWD Fund
| 1.0 | 0P0001AAKP | CI Signature Cat | PairCorr |
| 0.98 | 0P000070HA | CI Global Alpha | PairCorr |
| 0.97 | 0P0000733H | RBC Global Technology | PairCorr |
| 0.9 | 0P000070JI | Fidelity Technology | PairCorr |
Moving against 0P0001FKWD Fund
| 0.85 | 0P000070H9 | CI Global Health | PairCorr |
The ability to find closely correlated positions to CI Signature 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 Signature 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 Signature - 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 Signature Cat to buy it.
The correlation of CI Signature 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 Signature moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CI Signature Cat 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 Signature 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 0P0001FKWD Fund
CI Signature financial ratios help investors to determine whether 0P0001FKWD 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 0P0001FKWD with respect to the benefits of owning CI Signature security.
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