Cibc Conservative Fixed Etf Market Value
| CCNS Etf | CAD 18.18 0.04 0.22% |
| Symbol | CIBC |
CIBC Conservative '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 Conservative'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 CIBC Conservative.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in CIBC Conservative on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding CIBC Conservative Fixed or generate 0.0% return on investment in CIBC Conservative over 180 days. CIBC Conservative is related to or competes with Mackenzie Core, Mackenzie Unconstrained, Mackenzie Floating, and Mackenzie Canadian. CIBC CONSERVATIVE is traded on Toronto Stock Exchange in Canada. More
CIBC Conservative 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 Conservative'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 CIBC Conservative Fixed upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3508 | |||
| Information Ratio | (0.60) | |||
| Maximum Drawdown | 1.43 | |||
| Value At Risk | (0.27) | |||
| Potential Upside | 0.385 |
CIBC Conservative Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CIBC Conservative's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CIBC Conservative's standard deviation. In reality, there are many statistical measures that can use CIBC Conservative historical prices to predict the future CIBC Conservative's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | 0.0024 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.35) | |||
| Treynor Ratio | 0.0667 |
CIBC Conservative Fixed Backtested Returns
As of now, CIBC Etf is very steady. CIBC Conservative Fixed retains Efficiency (Sharpe Ratio) of 0.0599, which signifies that the etf had a 0.0599% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for CIBC Conservative, which you can use to evaluate the volatility of the entity. Please confirm CIBC Conservative's coefficient of variation of 2934.26, and Market Risk Adjusted Performance of 0.0767 to double-check if the risk estimate we provide is consistent with the expected return of 0.0118%. The etf owns a Beta (Systematic Risk) of -0.0467, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning CIBC Conservative are expected to decrease at a much lower rate. During the bear market, CIBC Conservative is likely to outperform the market.
Auto-correlation | 0.25 |
Poor predictability
CIBC Conservative Fixed has poor predictability. Overlapping area represents the amount of predictability between CIBC Conservative time series from 31st of May 2024 to 29th of August 2024 and 29th of August 2024 to 27th 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 Conservative Fixed price movement. The serial correlation of 0.25 indicates that over 25.0% of current CIBC Conservative price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
CIBC Conservative Fixed lagged returns against current returns
Autocorrelation, which is CIBC Conservative 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 CIBC Conservative's etf expected returns. We can calculate the autocorrelation of CIBC Conservative returns to help us make a trade decision. For example, suppose you find that CIBC Conservative 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 |
CIBC Conservative 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 Conservative etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CIBC Conservative etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CIBC Conservative etf over time.
Current vs Lagged Prices |
| Timeline |
CIBC Conservative Lagged Returns
When evaluating CIBC Conservative's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CIBC Conservative etf have on its future price. CIBC Conservative 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 Conservative autocorrelation shows the relationship between CIBC Conservative etf current value and its past values and can show if there is a momentum factor associated with investing in CIBC Conservative Fixed.
Regressed Prices |
| Timeline |
Pair Trading with CIBC Conservative
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 CIBC Conservative 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 CIBC Conservative will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to CIBC Conservative could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CIBC Conservative 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 CIBC Conservative - 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 CIBC Conservative Fixed to buy it.
The correlation of CIBC Conservative 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 CIBC Conservative moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CIBC Conservative Fixed 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 CIBC Conservative 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 CIBC Etf
CIBC Conservative financial ratios help investors to determine whether CIBC 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 CIBC with respect to the benefits of owning CIBC Conservative security.