Ninepoint Canadian Natural Etf Market Value
| CQHI Etf | 10.79 0.05 0.46% |
| Symbol | Ninepoint |
Please note, there is a significant difference between Ninepoint Canadian's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ninepoint Canadian is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ninepoint Canadian'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.
Ninepoint Canadian '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 Ninepoint Canadian'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 Ninepoint Canadian.
| 12/21/2025 |
| 01/20/2026 |
If you would invest 0.00 in Ninepoint Canadian on December 21, 2025 and sell it all today you would earn a total of 0.00 from holding Ninepoint Canadian Natural or generate 0.0% return on investment in Ninepoint Canadian over 30 days. Ninepoint Canadian is related to or competes with IShares MSCI, BMO Tactical, Evolve Future, Blockchain Technologies, CI WisdomTree, and Purpose Best. Ninepoint Canadian is entity of Canada. It is traded as Etf on TO exchange. More
Ninepoint Canadian 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 Ninepoint Canadian'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 Ninepoint Canadian Natural upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.91 | |||
| Information Ratio | 0.0347 | |||
| Maximum Drawdown | 8.07 | |||
| Value At Risk | (2.94) | |||
| Potential Upside | 3.04 |
Ninepoint Canadian Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ninepoint Canadian's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ninepoint Canadian's standard deviation. In reality, there are many statistical measures that can use Ninepoint Canadian historical prices to predict the future Ninepoint Canadian's volatility.| Risk Adjusted Performance | 0.0682 | |||
| Jensen Alpha | 0.206 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.0334 | |||
| Treynor Ratio | (0.27) |
Ninepoint Canadian Backtested Returns
Ninepoint Canadian appears to be not too volatile, given 3 months investment horizon. Ninepoint Canadian has Sharpe Ratio of 0.12, which conveys that the entity had a 0.12 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Ninepoint Canadian, which you can use to evaluate the volatility of the etf. Please exercise Ninepoint Canadian's Mean Deviation of 1.45, downside deviation of 1.91, and Risk Adjusted Performance of 0.0682 to check out if our risk estimates are consistent with your expectations. The etf secures a Beta (Market Risk) of -0.57, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Ninepoint Canadian are expected to decrease at a much lower rate. During the bear market, Ninepoint Canadian is likely to outperform the market.
Auto-correlation | 0.10 |
Insignificant predictability
Ninepoint Canadian Natural has insignificant predictability. Overlapping area represents the amount of predictability between Ninepoint Canadian time series from 21st of December 2025 to 5th of January 2026 and 5th of January 2026 to 20th of January 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Ninepoint Canadian price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Ninepoint Canadian price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
Ninepoint Canadian lagged returns against current returns
Autocorrelation, which is Ninepoint Canadian 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 Ninepoint Canadian's etf expected returns. We can calculate the autocorrelation of Ninepoint Canadian returns to help us make a trade decision. For example, suppose you find that Ninepoint Canadian 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 |
Ninepoint Canadian 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 Ninepoint Canadian etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ninepoint Canadian etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ninepoint Canadian etf over time.
Current vs Lagged Prices |
| Timeline |
Ninepoint Canadian Lagged Returns
When evaluating Ninepoint Canadian's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ninepoint Canadian etf have on its future price. Ninepoint Canadian 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, Ninepoint Canadian autocorrelation shows the relationship between Ninepoint Canadian etf current value and its past values and can show if there is a momentum factor associated with investing in Ninepoint Canadian Natural.
Regressed Prices |
| Timeline |
Pair Trading with Ninepoint Canadian
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 Ninepoint Canadian 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 Ninepoint Canadian will appreciate offsetting losses from the drop in the long position's value.Moving against Ninepoint Etf
| 0.59 | CBCX | CI Galaxy Blockchain | PairCorr |
| 0.55 | HBLK | Blockchain Technologies | PairCorr |
| 0.48 | FHE | First Trust Indxx | PairCorr |
| 0.38 | HBGD | Global X Big | PairCorr |
The ability to find closely correlated positions to Ninepoint Canadian could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ninepoint Canadian 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 Ninepoint Canadian - 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 Ninepoint Canadian Natural to buy it.
The correlation of Ninepoint Canadian 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 Ninepoint Canadian moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ninepoint Canadian 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 Ninepoint Canadian 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 Ninepoint Etf
Ninepoint Canadian financial ratios help investors to determine whether Ninepoint 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 Ninepoint with respect to the benefits of owning Ninepoint Canadian security.