Ci Global Reit Etf Market Value
| CGRE Etf | CAD 22.03 0.09 0.41% |
| Symbol | CGRE |
CI Global '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 Global'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 Global.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in CI Global on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding CI Global REIT or generate 0.0% return on investment in CI Global over 30 days. CI Global is related to or competes with IShares SPTSX, IShares Canadian, IShares SPTSX, and IShares Diversified. CI GLOBAL is traded on Toronto Stock Exchange in Canada. More
CI Global 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 Global'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 Global REIT upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7704 | |||
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 5.25 | |||
| Value At Risk | (1.05) | |||
| Potential Upside | 1.29 |
CI Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CI Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CI Global's standard deviation. In reality, there are many statistical measures that can use CI Global historical prices to predict the future CI Global's volatility.| Risk Adjusted Performance | 0.0206 | |||
| Jensen Alpha | 0.0076 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | (0.14) | |||
| Treynor Ratio | 0.569 |
CI Global REIT Backtested Returns
CI Global REIT retains Efficiency (Sharpe Ratio) of -0.0115, which signifies that the etf had a -0.0115% return per unit of price deviation over the last 3 months. CI Global exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CI Global's Coefficient Of Variation of 3543.51, standard deviation of 0.6971, and Market Risk Adjusted Performance of 0.579 to double-check the risk estimate we provide. The etf owns a Beta (Systematic Risk) of 0.017, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CI Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding CI Global is expected to be smaller as well.
Auto-correlation | 0.41 |
Average predictability
CI Global REIT has average predictability. Overlapping area represents the amount of predictability between CI Global time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Global REIT price movement. The serial correlation of 0.41 indicates that just about 41.0% of current CI Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
CI Global REIT lagged returns against current returns
Autocorrelation, which is CI Global 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 Global's etf expected returns. We can calculate the autocorrelation of CI Global returns to help us make a trade decision. For example, suppose you find that CI Global 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 Global 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 Global etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CI Global etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CI Global etf over time.
Current vs Lagged Prices |
| Timeline |
CI Global Lagged Returns
When evaluating CI Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CI Global etf have on its future price. CI Global 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 Global autocorrelation shows the relationship between CI Global etf current value and its past values and can show if there is a momentum factor associated with investing in CI Global REIT.
Regressed Prices |
| Timeline |
Pair Trading with CI Global
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 Global 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 Global will appreciate offsetting losses from the drop in the long position's value.Moving together with CGRE Etf
| 0.83 | XRE | iShares SPTSX Capped | PairCorr |
| 0.86 | ZRE | BMO Equal Weight | PairCorr |
| 0.86 | RIT | CI Canadian REIT | PairCorr |
| 0.87 | VRE | Vanguard FTSE Canadian | PairCorr |
| 0.8 | CGR | iShares Global Real | PairCorr |
Moving against CGRE Etf
| 0.52 | BITC | Ninepoint Bitcoin ETF | PairCorr |
| 0.51 | ETC | Evolve Cryptocurrencies | PairCorr |
| 0.5 | FBTC | Fidelity Advantage | PairCorr |
| 0.5 | BTCQ | 3iQ Bitcoin ETF | PairCorr |
| 0.5 | EBIT | Bitcoin ETF CAD | PairCorr |
The ability to find closely correlated positions to CI Global 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 Global 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 Global - 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 Global REIT to buy it.
The correlation of CI Global 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 Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CI Global REIT 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 Global 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 CGRE Etf
CI Global financial ratios help investors to determine whether CGRE 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 CGRE with respect to the benefits of owning CI Global security.