Ci International Quality Etf Market Value
| IQD Etf | CAD 34.40 0.35 1.03% |
| Symbol | IQD |
CI International '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 International'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 International.
| 12/14/2022 |
| 12/03/2024 |
If you would invest 0.00 in CI International on December 14, 2022 and sell it all today you would earn a total of 0.00 from holding CI International Quality or generate 0.0% return on investment in CI International over 720 days. CI International is related to or competes with First Asset, and CI Europe. The ETF seeks to track, to the extent possible, the price and yield performance of the WisdomTree International Quality ... More
CI International 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 International'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 International Quality upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 3.5 | |||
| Value At Risk | (1.14) | |||
| Potential Upside | 1.06 |
CI International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CI International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CI International's standard deviation. In reality, there are many statistical measures that can use CI International historical prices to predict the future CI International's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (0.13) |
CI International Quality Backtested Returns
CI International Quality retains Efficiency (Sharpe Ratio) of -0.0071, which signifies that the etf had a -0.0071% return per unit of price deviation over the last 3 months. CI International exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CI International's Information Ratio of (0.22), market risk adjusted performance of (0.12), and Variance of 0.6042 to double-check the risk estimate we provide. The etf owns a Beta (Systematic Risk) of 0.42, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, CI International's returns are expected to increase less than the market. However, during the bear market, the loss of holding CI International is expected to be smaller as well.
Auto-correlation | 0.58 |
Modest predictability
CI International Quality has modest predictability. Overlapping area represents the amount of predictability between CI International time series from 14th of December 2022 to 9th of December 2023 and 9th of December 2023 to 3rd of December 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 International Quality price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current CI International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 1.24 |
CI International Quality lagged returns against current returns
Autocorrelation, which is CI International 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 International's etf expected returns. We can calculate the autocorrelation of CI International returns to help us make a trade decision. For example, suppose you find that CI International 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 International 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 International etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CI International etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CI International etf over time.
Current vs Lagged Prices |
| Timeline |
CI International Lagged Returns
When evaluating CI International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CI International etf have on its future price. CI International 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 International autocorrelation shows the relationship between CI International etf current value and its past values and can show if there is a momentum factor associated with investing in CI International Quality.
Regressed Prices |
| Timeline |
Other Information on Investing in IQD Etf
CI International financial ratios help investors to determine whether IQD 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 IQD with respect to the benefits of owning CI International security.