Ci Munro Alternative Etf Market Value

CMAG Etf  CAD 37.45  0.29  0.78%   
CI Munro's market value is the price at which a share of CI Munro trades on a public exchange. It measures the collective expectations of CI Munro Alternative investors about its performance. CI Munro is selling at 37.45 as of the 2nd of December 2024; that is 0.78 percent up since the beginning of the trading day. The etf's open price was 37.16.
With this module, you can estimate the performance of a buy and hold strategy of CI Munro Alternative and determine expected loss or profit from investing in CI Munro over a given investment horizon. Check out CI Munro Correlation, CI Munro Volatility and CI Munro Alpha and Beta module to complement your research on CI Munro.
Symbol

Please note, there is a significant difference between CI Munro's value and its price as these two are different measures arrived at by different means. Investors typically determine if CI Munro is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CI Munro's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

CI Munro '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 Munro'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 Munro.
0.00
11/02/2024
No Change 0.00  0.0 
In 31 days
12/02/2024
0.00
If you would invest  0.00  in CI Munro on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding CI Munro Alternative or generate 0.0% return on investment in CI Munro over 30 days. CI Munro is related to or competes with Dynamic Active, CI Enhanced, and CI Enhanced. CI MUNRO is traded on Toronto Stock Exchange in Canada. More

CI Munro 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 Munro'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 Munro Alternative upside and downside potential and time the market with a certain degree of confidence.

CI Munro Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for CI Munro's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CI Munro's standard deviation. In reality, there are many statistical measures that can use CI Munro historical prices to predict the future CI Munro's volatility.
Hype
Prediction
LowEstimatedHigh
36.4137.4538.49
Details
Intrinsic
Valuation
LowRealHigh
35.8036.8437.88
Details
Naive
Forecast
LowNextHigh
36.4137.4538.49
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
34.8936.3837.87
Details

CI Munro Alternative Backtested Returns

As of now, CMAG Etf is very steady. CI Munro Alternative retains Efficiency (Sharpe Ratio) of 0.15, which signifies that the etf had a 0.15% return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for CI Munro, which you can use to evaluate the volatility of the entity. Please confirm CI Munro's Market Risk Adjusted Performance of 0.4655, coefficient of variation of 568.48, and Standard Deviation of 1.03 to double-check if the risk estimate we provide is consistent with the expected return of 0.16%. The etf owns a Beta (Systematic Risk) of 0.37, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, CI Munro's returns are expected to increase less than the market. However, during the bear market, the loss of holding CI Munro is expected to be smaller as well.

Auto-correlation

    
  0.72  

Good predictability

CI Munro Alternative has good predictability. Overlapping area represents the amount of predictability between CI Munro time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 Munro Alternative price movement. The serial correlation of 0.72 indicates that around 72.0% of current CI Munro price fluctuation can be explain by its past prices.
Correlation Coefficient0.72
Spearman Rank Test0.01
Residual Average0.0
Price Variance0.15

CI Munro Alternative lagged returns against current returns

Autocorrelation, which is CI Munro 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 Munro's etf expected returns. We can calculate the autocorrelation of CI Munro returns to help us make a trade decision. For example, suppose you find that CI Munro 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 Munro 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 Munro etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CI Munro etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CI Munro etf over time.
   Current vs Lagged Prices   
       Timeline  

CI Munro Lagged Returns

When evaluating CI Munro's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CI Munro etf have on its future price. CI Munro 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 Munro autocorrelation shows the relationship between CI Munro etf current value and its past values and can show if there is a momentum factor associated with investing in CI Munro Alternative.
   Regressed Prices   
       Timeline  

Pair Trading with CI Munro

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 Munro 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 Munro will appreciate offsetting losses from the drop in the long position's value.

Moving together with CMAG Etf

  0.97XIU iShares SPTSX 60PairCorr
  0.98XSP iShares Core SPPairCorr
  0.97XIC iShares Core SPTSXPairCorr

Moving against CMAG Etf

  0.65TCLB TD Canadian LongPairCorr
The ability to find closely correlated positions to CI Munro 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 Munro 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 Munro - 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 Munro Alternative to buy it.
The correlation of CI Munro 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 Munro moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CI Munro Alternative 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 Munro 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.
Pair CorrelationCorrelation Matching

Other Information on Investing in CMAG Etf

CI Munro financial ratios help investors to determine whether CMAG 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 CMAG with respect to the benefits of owning CI Munro security.