Cibc Atlas International Fund Market Value
| AWWIX Fund | USD 12.97 0.01 0.08% |
| Symbol | Cibc |
Cibc Atlas '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 Cibc Atlas' mutual 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 Cibc Atlas.
| 10/31/2023 |
| 11/24/2024 |
If you would invest 0.00 in Cibc Atlas on October 31, 2023 and sell it all today you would earn a total of 0.00 from holding Cibc Atlas International or generate 0.0% return on investment in Cibc Atlas over 390 days. Cibc Atlas is related to or competes with Invesco Disciplined, Cibc Atlas, At Income, At Mid, At Equity. The fund seeks to achieve its investment objective by investing primarily in common stocks of U.S More
Cibc Atlas 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 Cibc Atlas' mutual 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 Cibc Atlas International upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 4.49 | |||
| Value At Risk | (1.74) | |||
| Potential Upside | 1.29 |
Cibc Atlas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cibc Atlas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cibc Atlas' standard deviation. In reality, there are many statistical measures that can use Cibc Atlas historical prices to predict the future Cibc Atlas' volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | (0.07) |
Cibc Atlas International Backtested Returns
Cibc Atlas International secures Sharpe Ratio (or Efficiency) of -0.0585, which signifies that the fund had a -0.0585% return per unit of standard deviation over the last 3 months. Cibc Atlas International exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cibc Atlas' risk adjusted performance of (0.03), and Mean Deviation of 0.6854 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.59, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Cibc Atlas' returns are expected to increase less than the market. However, during the bear market, the loss of holding Cibc Atlas is expected to be smaller as well.
Auto-correlation | 0.31 |
Below average predictability
Cibc Atlas International has below average predictability. Overlapping area represents the amount of predictability between Cibc Atlas time series from 31st of October 2023 to 13th of May 2024 and 13th of May 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 Cibc Atlas International price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Cibc Atlas price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Cibc Atlas International lagged returns against current returns
Autocorrelation, which is Cibc Atlas mutual 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 Cibc Atlas' mutual fund expected returns. We can calculate the autocorrelation of Cibc Atlas returns to help us make a trade decision. For example, suppose you find that Cibc Atlas has exhibited high autocorrelation historically, and you observe that the mutual 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 |
Cibc Atlas 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 Cibc Atlas mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cibc Atlas mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cibc Atlas mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Cibc Atlas Lagged Returns
When evaluating Cibc Atlas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cibc Atlas mutual fund have on its future price. Cibc Atlas 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, Cibc Atlas autocorrelation shows the relationship between Cibc Atlas mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Cibc Atlas International.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Cibc Mutual Fund
Cibc Atlas financial ratios help investors to determine whether Cibc Mutual 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 Cibc with respect to the benefits of owning Cibc Atlas security.
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