Ci Financial Corp Stock Market Value
| CIX Stock | CAD 24.01 0.06 0.25% |
| Symbol | CIX |
CI Financial Corp Price To Book Ratio
CI Financial '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 Financial's stock 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 Financial.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in CI Financial on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding CI Financial Corp or generate 0.0% return on investment in CI Financial over 720 days. CI Financial is related to or competes with IGM Financial, IA Financial, Canadian Western, Great West, and Laurentian Bank. CI Financial Corp. is a publicly owned asset management holding company More
CI Financial 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 Financial's stock 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 Financial Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9138 | |||
| Information Ratio | 0.3758 | |||
| Maximum Drawdown | 5.56 | |||
| Value At Risk | (1.29) | |||
| Potential Upside | 2.89 |
CI Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CI Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CI Financial's standard deviation. In reality, there are many statistical measures that can use CI Financial historical prices to predict the future CI Financial's volatility.| Risk Adjusted Performance | 0.3581 | |||
| Jensen Alpha | 0.5277 | |||
| Total Risk Alpha | 0.4025 | |||
| Sortino Ratio | 0.5079 | |||
| Treynor Ratio | 1.56 |
CI Financial Corp Backtested Returns
CI Financial appears to be very steady, given 3 months investment horizon. CI Financial Corp retains Efficiency (Sharpe Ratio) of 0.46, which signifies that the company had a 0.46% return per unit of price deviation over the last 3 months. By evaluating CI Financial's technical indicators, you can evaluate if the expected return of 0.57% is justified by implied risk. Please makes use of CI Financial's Variance of 1.53, standard deviation of 1.24, and Market Risk Adjusted Performance of 1.57 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, CI Financial holds a performance score of 36. The firm owns a Beta (Systematic Risk) of 0.36, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, CI Financial's returns are expected to increase less than the market. However, during the bear market, the loss of holding CI Financial is expected to be smaller as well. Please check CI Financial's potential upside, rate of daily change, and the relationship between the sortino ratio and skewness , to make a quick decision on whether CI Financial's current price history will revert.
Auto-correlation | -0.03 |
Very weak reverse predictability
CI Financial Corp has very weak reverse predictability. Overlapping area represents the amount of predictability between CI Financial time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 Financial Corp price movement. The serial correlation of -0.03 indicates that only 3.0% of current CI Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 6.9 |
CI Financial Corp lagged returns against current returns
Autocorrelation, which is CI Financial stock'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 Financial's stock expected returns. We can calculate the autocorrelation of CI Financial returns to help us make a trade decision. For example, suppose you find that CI Financial has exhibited high autocorrelation historically, and you observe that the stock 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 Financial 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 Financial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CI Financial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CI Financial stock over time.
Current vs Lagged Prices |
| Timeline |
CI Financial Lagged Returns
When evaluating CI Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CI Financial stock have on its future price. CI Financial 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 Financial autocorrelation shows the relationship between CI Financial stock current value and its past values and can show if there is a momentum factor associated with investing in CI Financial Corp.
Regressed Prices |
| Timeline |
Pair Trading with CI Financial
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 Financial 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 Financial will appreciate offsetting losses from the drop in the long position's value.Moving together with CIX Stock
Moving against CIX Stock
The ability to find closely correlated positions to CI Financial 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 Financial 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 Financial - 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 Financial Corp to buy it.
The correlation of CI Financial 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 Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CI Financial Corp 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 Financial 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 CIX Stock
CI Financial financial ratios help investors to determine whether CIX Stock 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 CIX with respect to the benefits of owning CI Financial security.