Cibc Core Fixed Etf Market Value
| CCRE Etf | CAD 18.01 0.10 0.56% |
| Symbol | CIBC |
CIBC Core '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 Core'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 Core.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in CIBC Core on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding CIBC Core Fixed or generate 0.0% return on investment in CIBC Core over 30 days. CIBC Core is related to or competes with Mackenzie Core, Mackenzie Unconstrained, Mackenzie Floating, and Mackenzie Canadian. CIBC CORE is traded on Toronto Stock Exchange in Canada. More
CIBC Core 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 Core'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 Core Fixed upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3938 | |||
| Information Ratio | (0.34) | |||
| Maximum Drawdown | 1.51 | |||
| Value At Risk | (0.56) | |||
| Potential Upside | 0.5624 |
CIBC Core Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CIBC Core's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CIBC Core's standard deviation. In reality, there are many statistical measures that can use CIBC Core historical prices to predict the future CIBC Core's volatility.| Risk Adjusted Performance | 0.008 | |||
| Jensen Alpha | 0.0063 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.30) | |||
| Treynor Ratio | 0.015 |
CIBC Core Fixed Backtested Returns
As of now, CIBC Etf is very steady. CIBC Core Fixed retains Efficiency (Sharpe Ratio) of 0.0611, which signifies that the etf had a 0.0611% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for CIBC Core, which you can use to evaluate the volatility of the entity. Please confirm CIBC Core's coefficient of variation of 3852.0, and Market Risk Adjusted Performance of 0.025 to double-check if the risk estimate we provide is consistent with the expected return of 0.0223%. The etf owns a Beta (Systematic Risk) of -0.061, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning CIBC Core are expected to decrease at a much lower rate. During the bear market, CIBC Core is likely to outperform the market.
Auto-correlation | 0.18 |
Very weak predictability
CIBC Core Fixed has very weak predictability. Overlapping area represents the amount of predictability between CIBC Core time series from 28th of October 2024 to 12th of November 2024 and 12th of November 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 Core Fixed price movement. The serial correlation of 0.18 indicates that over 18.0% of current CIBC Core price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | 0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CIBC Core Fixed lagged returns against current returns
Autocorrelation, which is CIBC Core 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 Core's etf expected returns. We can calculate the autocorrelation of CIBC Core returns to help us make a trade decision. For example, suppose you find that CIBC Core 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 Core 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 Core etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CIBC Core etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CIBC Core etf over time.
Current vs Lagged Prices |
| Timeline |
CIBC Core Lagged Returns
When evaluating CIBC Core's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CIBC Core etf have on its future price. CIBC Core 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 Core autocorrelation shows the relationship between CIBC Core etf current value and its past values and can show if there is a momentum factor associated with investing in CIBC Core Fixed.
Regressed Prices |
| Timeline |
Pair Trading with CIBC Core
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 Core 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 Core will appreciate offsetting losses from the drop in the long position's value.Moving together with CIBC Etf
| 0.68 | ZAG | BMO Aggregate Bond | PairCorr |
| 0.72 | XBB | iShares Canadian Universe | PairCorr |
| 0.75 | ZCPB | BMO Core Plus | PairCorr |
| 0.69 | ZDB | BMO Discount Bond | PairCorr |
The ability to find closely correlated positions to CIBC Core 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 Core 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 Core - 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 Core Fixed to buy it.
The correlation of CIBC Core 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 Core moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CIBC Core 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 Core 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 Core 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 Core security.