Ninepoint Global Infrastructure Fund Market Value
| INFR Fund | 19.52 0.10 0.51% |
| Symbol | Ninepoint |
Ninepoint 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 Ninepoint Global'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 Ninepoint Global.
| 01/19/2025 |
| 01/14/2026 |
If you would invest 0.00 in Ninepoint Global on January 19, 2025 and sell it all today you would earn a total of 0.00 from holding Ninepoint Global Infrastructure or generate 0.0% return on investment in Ninepoint Global over 360 days.
Ninepoint 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 Ninepoint Global'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 Ninepoint Global Infrastructure upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 4.19 | |||
| Value At Risk | (1.26) | |||
| Potential Upside | 0.8625 |
Ninepoint Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ninepoint Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ninepoint Global's standard deviation. In reality, there are many statistical measures that can use Ninepoint Global historical prices to predict the future Ninepoint Global's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | 6.55 |
Ninepoint Global Inf Backtested Returns
Ninepoint Global Inf has Sharpe Ratio of -0.14, which conveys that the entity had a -0.14 % return per unit of risk over the last 3 months. Ninepoint Global exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Ninepoint Global's Risk Adjusted Performance of (0.06), standard deviation of 0.6794, and Mean Deviation of 0.4615 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of -0.0099, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ninepoint Global are expected to decrease at a much lower rate. During the bear market, Ninepoint Global is likely to outperform the market.
Auto-correlation | Huge |
Perfect predictability
Ninepoint Global Infrastructure has perfect predictability. Overlapping area represents the amount of predictability between Ninepoint Global time series from 19th of January 2025 to 18th of July 2025 and 18th of July 2025 to 14th 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 Global Inf price movement. The serial correlation of 9.223372036854776E16 indicates that 9.223372036854776E16% of current Ninepoint Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 92233.7 T | |
| Spearman Rank Test | -1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Ninepoint Global Inf lagged returns against current returns
Autocorrelation, which is Ninepoint Global 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 Ninepoint Global's fund expected returns. We can calculate the autocorrelation of Ninepoint Global returns to help us make a trade decision. For example, suppose you find that Ninepoint Global 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 |
Ninepoint 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 Ninepoint Global fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ninepoint Global fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ninepoint Global fund over time.
Current vs Lagged Prices |
| Timeline |
Ninepoint Global Lagged Returns
When evaluating Ninepoint Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ninepoint Global fund have on its future price. Ninepoint 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, Ninepoint Global autocorrelation shows the relationship between Ninepoint Global fund current value and its past values and can show if there is a momentum factor associated with investing in Ninepoint Global Infrastructure.
Regressed Prices |
| Timeline |
Pair Trading with Ninepoint Global
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 Global 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 Global will appreciate offsetting losses from the drop in the long position's value.Moving against Ninepoint Fund
| 0.78 | 0P000072KJ | RBC Canadian Dividend | PairCorr |
| 0.73 | 0P0000S9O5 | PIMCO Monthly Income | PairCorr |
| 0.68 | 0P0000S9O7 | PIMCO Monthly Income | PairCorr |
| 0.57 | 0P0000IUYO | Edgepoint Global Por | PairCorr |
| 0.56 | 0P0000WJMR | IG Mackenzie Dividend | PairCorr |
The ability to find closely correlated positions to Ninepoint Global 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 Global 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 Global - 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 Global Infrastructure to buy it.
The correlation of Ninepoint Global 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 Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ninepoint Global Inf 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 Global 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.| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon |