Ci Global Financial Etf Market Value
| FSF Etf | CAD 30.53 0.30 0.99% |
| Symbol | FSF |
CI Global '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 Global'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 Global.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in CI Global on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding CI Global Financial or generate 0.0% return on investment in CI Global over 30 days. CI Global is related to or competes with CI Preferred, First Asset, CI Short, and CI Investment. The First Asset ETFs investment objective is to seek longterm total returns consisting of longterm capital appreciation ... More
CI Global 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 Global'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 Global Financial upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6321 | |||
| Information Ratio | 0.0569 | |||
| Maximum Drawdown | 3.39 | |||
| Value At Risk | (0.90) | |||
| Potential Upside | 1.36 |
CI Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CI Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CI Global's standard deviation. In reality, there are many statistical measures that can use CI Global historical prices to predict the future CI Global's volatility.| Risk Adjusted Performance | 0.1754 | |||
| Jensen Alpha | 0.1625 | |||
| Total Risk Alpha | 0.0443 | |||
| Sortino Ratio | 0.0685 | |||
| Treynor Ratio | 12.34 |
CI Global Financial Backtested Returns
As of now, FSF Etf is very steady. CI Global Financial 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-eight technical indicators for CI Global, which you can use to evaluate the volatility of the entity. Please confirm CI Global's Coefficient Of Variation of 436.98, standard deviation of 0.7607, and Market Risk Adjusted Performance of 12.35 to double-check if the risk estimate we provide is consistent with the expected return of 0.17%. The etf owns a Beta (Systematic Risk) of 0.0133, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CI Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding CI Global is expected to be smaller as well.
Auto-correlation | 0.39 |
Below average predictability
CI Global Financial has below average predictability. Overlapping area represents the amount of predictability between CI Global time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Global Financial price movement. The serial correlation of 0.39 indicates that just about 39.0% of current CI Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
CI Global Financial lagged returns against current returns
Autocorrelation, which is CI Global 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 Global's etf expected returns. We can calculate the autocorrelation of CI Global returns to help us make a trade decision. For example, suppose you find that CI Global 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 Global 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 Global etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CI Global etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CI Global etf over time.
Current vs Lagged Prices |
| Timeline |
CI Global Lagged Returns
When evaluating CI Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CI Global etf have on its future price. CI Global 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 Global autocorrelation shows the relationship between CI Global etf current value and its past values and can show if there is a momentum factor associated with investing in CI Global Financial.
Regressed Prices |
| Timeline |
Other Information on Investing in FSF Etf
CI Global financial ratios help investors to determine whether FSF 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 FSF with respect to the benefits of owning CI Global security.