Ci Lawrence Park Etf Market Value
| CRED Etf | CAD 20.23 0.03 0.15% |
| Symbol | CRED |
Please note, there is a significant difference between CI Lawrence's value and its price as these two are different measures arrived at by different means. Investors typically determine if CI Lawrence is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CI Lawrence'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 Lawrence '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 Lawrence'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 Lawrence.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in CI Lawrence on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding CI Lawrence Park or generate 0.0% return on investment in CI Lawrence over 30 days. CI Lawrence is related to or competes with CI Munro, CI Enhanced, and CI Yield. CI LAWRENCE is traded on Toronto Stock Exchange in Canada. More
CI Lawrence 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 Lawrence'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 Lawrence Park upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1364 | |||
| Information Ratio | (0.68) | |||
| Maximum Drawdown | 0.7505 | |||
| Value At Risk | (0.20) | |||
| Potential Upside | 0.3024 |
CI Lawrence Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CI Lawrence's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CI Lawrence's standard deviation. In reality, there are many statistical measures that can use CI Lawrence historical prices to predict the future CI Lawrence's volatility.| Risk Adjusted Performance | 0.1353 | |||
| Jensen Alpha | 0.0231 | |||
| Total Risk Alpha | 9.0E-4 | |||
| Sortino Ratio | (0.71) | |||
| Treynor Ratio | 10.18 |
CI Lawrence Park Backtested Returns
As of now, CRED Etf is very steady. CI Lawrence Park retains Efficiency (Sharpe Ratio) of 0.23, which signifies that the etf had a 0.23% return per unit of price deviation over the last 3 months. We have found twenty-seven technical indicators for CI Lawrence, which you can use to evaluate the volatility of the entity. Please confirm CI Lawrence's Variance of 0.0204, standard deviation of 0.1429, and Market Risk Adjusted Performance of 10.19 to double-check if the risk estimate we provide is consistent with the expected return of 0.0334%. The etf owns a Beta (Systematic Risk) of 0.0023, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CI Lawrence's returns are expected to increase less than the market. However, during the bear market, the loss of holding CI Lawrence is expected to be smaller as well.
Auto-correlation | 0.78 |
Good predictability
CI Lawrence Park has good predictability. Overlapping area represents the amount of predictability between CI Lawrence 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 CI Lawrence Park price movement. The serial correlation of 0.78 indicates that around 78.0% of current CI Lawrence price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.9 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CI Lawrence Park lagged returns against current returns
Autocorrelation, which is CI Lawrence 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 Lawrence's etf expected returns. We can calculate the autocorrelation of CI Lawrence returns to help us make a trade decision. For example, suppose you find that CI Lawrence 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 Lawrence 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 Lawrence etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CI Lawrence etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CI Lawrence etf over time.
Current vs Lagged Prices |
| Timeline |
CI Lawrence Lagged Returns
When evaluating CI Lawrence's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CI Lawrence etf have on its future price. CI Lawrence 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 Lawrence autocorrelation shows the relationship between CI Lawrence etf current value and its past values and can show if there is a momentum factor associated with investing in CI Lawrence Park.
Regressed Prices |
| Timeline |
Pair Trading with CI Lawrence
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 Lawrence 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 Lawrence will appreciate offsetting losses from the drop in the long position's value.Moving together with CRED Etf
Moving against CRED Etf
The ability to find closely correlated positions to CI Lawrence 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 Lawrence 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 Lawrence - 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 Lawrence Park to buy it.
The correlation of CI Lawrence 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 Lawrence moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CI Lawrence Park 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 Lawrence 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 CRED Etf
CI Lawrence financial ratios help investors to determine whether CRED 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 CRED with respect to the benefits of owning CI Lawrence security.