Ci Canadian Short Term Etf Market Value
| CAGS Etf | CAD 47.57 0.01 0.02% |
| Symbol | CAGS |
CI 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 CI Canadian's etf 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 Canadian.
| 12/24/2022 |
| 12/13/2024 |
If you would invest 0.00 in CI Canadian on December 24, 2022 and sell it all today you would earn a total of 0.00 from holding CI Canadian Short Term or generate 0.0% return on investment in CI Canadian over 720 days. CI Canadian is related to or competes with IShares Canadian, IShares Canadian, IShares Core, IShares Core, and IShares Canadian. Each WisdomTree ETF seeks to track, to the extent possible, the price and yield performance of the applicable Index, bef... More
CI 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 CI Canadian's etf 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 Canadian Short Term upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.17 | |||
| Information Ratio | (0.60) | |||
| Maximum Drawdown | 0.8688 | |||
| Value At Risk | (0.23) | |||
| Potential Upside | 0.2985 |
CI Canadian Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CI Canadian's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CI Canadian's standard deviation. In reality, there are many statistical measures that can use CI Canadian historical prices to predict the future CI Canadian's volatility.| Risk Adjusted Performance | 0.0413 | |||
| Jensen Alpha | 0.0081 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.56) | |||
| Treynor Ratio | (0.52) |
CI Canadian Short Backtested Returns
As of now, CAGS Etf is very steady. CI Canadian Short retains Efficiency (Sharpe Ratio) of 0.0866, which signifies that the etf had a 0.0866% return per unit of price deviation over the last 3 months. We have found twenty-seven technical indicators for CI Canadian, which you can use to evaluate the volatility of the entity. Please confirm CI Canadian's Coefficient Of Variation of 937.57, standard deviation of 0.1573, and Market Risk Adjusted Performance of (0.51) to double-check if the risk estimate we provide is consistent with the expected return of 0.0139%. The etf owns a Beta (Systematic Risk) of -0.013, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning CI Canadian are expected to decrease at a much lower rate. During the bear market, CI Canadian is likely to outperform the market.
Auto-correlation | 0.46 |
Average predictability
CI Canadian Short Term has average predictability. Overlapping area represents the amount of predictability between CI Canadian time series from 24th of December 2022 to 19th of December 2023 and 19th of December 2023 to 13th 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 CI Canadian Short price movement. The serial correlation of 0.46 indicates that about 46.0% of current CI Canadian price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.93 |
CI Canadian Short lagged returns against current returns
Autocorrelation, which is CI Canadian etf'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 Canadian's etf expected returns. We can calculate the autocorrelation of CI Canadian returns to help us make a trade decision. For example, suppose you find that CI Canadian has exhibited high autocorrelation historically, and you observe that the etf 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 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 CI Canadian etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CI Canadian etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CI Canadian etf over time.
Current vs Lagged Prices |
| Timeline |
CI Canadian Lagged Returns
When evaluating CI Canadian's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CI Canadian etf have on its future price. CI 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, CI Canadian autocorrelation shows the relationship between CI Canadian etf current value and its past values and can show if there is a momentum factor associated with investing in CI Canadian Short Term.
Regressed Prices |
| Timeline |
Pair Trading with CI 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 CI 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 CI Canadian will appreciate offsetting losses from the drop in the long position's value.Moving together with CAGS Etf
| 0.77 | XSB | iShares Canadian Short | PairCorr |
| 0.69 | XSH | iShares Core Canadian | PairCorr |
| 0.71 | ZCS | BMO Short Corporate | PairCorr |
| 0.78 | VSB | Vanguard Canadian Short | PairCorr |
The ability to find closely correlated positions to CI 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 CI 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 CI 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 CI Canadian Short Term to buy it.
The correlation of CI 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 CI Canadian moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CI Canadian Short 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 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.Other Information on Investing in CAGS Etf
CI Canadian financial ratios help investors to determine whether CAGS Etf 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 CAGS with respect to the benefits of owning CI Canadian security.