Ci Investment Grade Etf Market Value
| FIG Etf | CAD 9.43 0.02 0.21% |
| Symbol | FIG |
CI Investment '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 Investment'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 Investment.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in CI Investment on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding CI Investment Grade or generate 0.0% return on investment in CI Investment over 30 days. CI Investment is related to or competes with Mackenzie High, Mackenzie Core, Mackenzie Canadian, and Mackenzie Core. The First Asset ETF39S investment objective are to provide Unithoders with monthy cash distributions and to maximize tot... More
CI Investment 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 Investment'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 Investment Grade upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3384 | |||
| Information Ratio | (0.38) | |||
| Maximum Drawdown | 1.17 | |||
| Value At Risk | (0.53) | |||
| Potential Upside | 0.426 |
CI Investment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CI Investment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CI Investment's standard deviation. In reality, there are many statistical measures that can use CI Investment historical prices to predict the future CI Investment's volatility.| Risk Adjusted Performance | 0.0185 | |||
| Jensen Alpha | 0.0016 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.34) | |||
| Treynor Ratio | 0.2235 |
CI Investment Grade Backtested Returns
As of now, FIG Etf is very steady. CI Investment Grade retains Efficiency (Sharpe Ratio) of 0.0343, which signifies that the etf had a 0.0343% return per unit of price deviation over the last 3 months. We have found twenty-seven technical indicators for CI Investment, which you can use to evaluate the volatility of the entity. Please confirm CI Investment's Standard Deviation of 0.3054, market risk adjusted performance of 0.2335, and Coefficient Of Variation of 2280.03 to double-check if the risk estimate we provide is consistent with the expected return of 0.0106%. The etf owns a Beta (Systematic Risk) of 0.0152, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CI Investment's returns are expected to increase less than the market. However, during the bear market, the loss of holding CI Investment is expected to be smaller as well.
Auto-correlation | -0.49 |
Modest reverse predictability
CI Investment Grade has modest reverse predictability. Overlapping area represents the amount of predictability between CI Investment time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Investment Grade price movement. The serial correlation of -0.49 indicates that about 49.0% of current CI Investment price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.49 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CI Investment Grade lagged returns against current returns
Autocorrelation, which is CI Investment 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 Investment's etf expected returns. We can calculate the autocorrelation of CI Investment returns to help us make a trade decision. For example, suppose you find that CI Investment 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 Investment 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 Investment etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CI Investment etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CI Investment etf over time.
Current vs Lagged Prices |
| Timeline |
CI Investment Lagged Returns
When evaluating CI Investment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CI Investment etf have on its future price. CI Investment 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 Investment autocorrelation shows the relationship between CI Investment etf current value and its past values and can show if there is a momentum factor associated with investing in CI Investment Grade.
Regressed Prices |
| Timeline |
Pair Trading with CI Investment
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 Investment 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 Investment will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to CI Investment 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 Investment 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 Investment - 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 Investment Grade to buy it.
The correlation of CI Investment 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 Investment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CI Investment Grade 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 Investment 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 FIG Etf
CI Investment financial ratios help investors to determine whether FIG 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 FIG with respect to the benefits of owning CI Investment security.