Citadel Income Fund Market Value
| CTF-UN Fund | CAD 2.51 0.09 3.46% |
| Symbol | Citadel |
Citadel Income '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 Citadel Income's fund 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 Citadel Income.
| 09/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Citadel Income on September 28, 2024 and sell it all today you would earn a total of 0.00 from holding Citadel Income or generate 0.0% return on investment in Citadel Income over 60 days. Citadel Income is related to or competes with Blue Ribbon, MINT Income, Energy Income, Canadian High, and Precious Metals. Citadel Income Fund is a closed-ended balanced mutual fund launched by Artemis Investment Management Limited More
Citadel Income 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 Citadel Income's fund 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 Citadel Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.13 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 9.82 | |||
| Value At Risk | (2.33) | |||
| Potential Upside | 3.24 |
Citadel Income Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Citadel Income's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Citadel Income's standard deviation. In reality, there are many statistical measures that can use Citadel Income historical prices to predict the future Citadel Income's volatility.| Risk Adjusted Performance | 0.0581 | |||
| Jensen Alpha | 0.1837 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | (0.19) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Citadel Income's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Citadel Income Backtested Returns
At this point, Citadel Income is moderately volatile. Citadel Income secures Sharpe Ratio (or Efficiency) of 0.0616, which signifies that the fund had a 0.0616% return per unit of risk over the last 3 months. We have found thirty technical indicators for Citadel Income, which you can use to evaluate the volatility of the entity. Please confirm Citadel Income's Downside Deviation of 2.13, risk adjusted performance of 0.0581, and Mean Deviation of 1.16 to double-check if the risk estimate we provide is consistent with the expected return of 0.11%. The fund shows a Beta (market volatility) of -0.6, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Citadel Income are expected to decrease at a much lower rate. During the bear market, Citadel Income is likely to outperform the market.
Auto-correlation | -0.12 |
Insignificant reverse predictability
Citadel Income has insignificant reverse predictability. Overlapping area represents the amount of predictability between Citadel Income time series from 28th of September 2024 to 28th of October 2024 and 28th of October 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 Citadel Income price movement. The serial correlation of -0.12 indicates that less than 12.0% of current Citadel Income price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Citadel Income lagged returns against current returns
Autocorrelation, which is Citadel Income fund'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 Citadel Income's fund expected returns. We can calculate the autocorrelation of Citadel Income returns to help us make a trade decision. For example, suppose you find that Citadel Income has exhibited high autocorrelation historically, and you observe that the fund 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 |
Citadel Income 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 Citadel Income fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Citadel Income fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Citadel Income fund over time.
Current vs Lagged Prices |
| Timeline |
Citadel Income Lagged Returns
When evaluating Citadel Income's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Citadel Income fund have on its future price. Citadel Income 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, Citadel Income autocorrelation shows the relationship between Citadel Income fund current value and its past values and can show if there is a momentum factor associated with investing in Citadel Income.
Regressed Prices |
| Timeline |
Pair Trading with Citadel Income
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 Citadel Income 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 Citadel Income will appreciate offsetting losses from the drop in the long position's value.Moving together with Citadel Fund
| 0.78 | 0P0000706A | RBC Select Balanced | PairCorr |
| 0.79 | 0P00007069 | RBC Portefeuille | PairCorr |
| 0.72 | 0P00012UCU | RBC Global Equity | PairCorr |
The ability to find closely correlated positions to Citadel Income could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Citadel Income 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 Citadel Income - 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 Citadel Income to buy it.
The correlation of Citadel Income 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 Citadel Income moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Citadel Income 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 Citadel Income 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 Citadel Fund
Citadel Income financial ratios help investors to determine whether Citadel Fund 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 Citadel with respect to the benefits of owning Citadel Income security.
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