CI Canadian Ownership
| CIC Etf | CAD 12.28 0.03 0.24% |
CIC |
CIC Etf Ownership Analysis
The fund holds 99.84% of assets under management (AUM) in equities. CI Canadian Banks last dividend was 0.175 per share. The ETFs investment objectives are to provide Shareholders with quarterly distributions the opportunity for capital appreciation and lower overall volatility of portfolio returns than would be experienced by owning a portfolio of common shares of the Bank of Montreal, Canadian Imperial Bank of Commerce, National Bank of Canada, Royal Bank of Canada, The Bank of Nova Scotia and The Toronto-Dominion Bank directly. CI FA is traded on Toronto Stock Exchange in Canada. For more info on CI Canadian Banks please contact the company at 855-983-3837.Top Etf Constituents
| TD | Toronto Dominion Bank | Stock | |
| BNS | Bank of Nova | Stock | |
| BMO | Bank of Montreal | Stock | |
| RY | Royal Bank of | Stock | |
| CM | Canadian Imperial Bank | Stock | |
| NA | National Bank of | Stock |
CI Canadian Outstanding Bonds
CI Canadian issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. CI Canadian Banks uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most CIC bonds can be classified according to their maturity, which is the date when CI Canadian Banks has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| MPLX LP 4125 Corp BondUS55336VAK61 | View | |
| BNP Paribas FRN Corp BondUSF1R15XK367 | View | |
| MGM Resorts International Corp BondUS552953CD18 | View |
Pair Trading with CI Canadian
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 Canadian 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 Canadian will appreciate offsetting losses from the drop in the long position's value.Moving together with CIC Etf
| 0.99 | ZEB | BMO SPTSX Equal | PairCorr |
| 0.95 | XFN | iShares SPTSX Capped | PairCorr |
| 0.83 | ZBK | BMO Equal Weight | PairCorr |
| 0.99 | HCA | Hamilton Canadian Bank | PairCorr |
| 0.62 | ZUB | BMO Equal Weight | PairCorr |
Moving against CIC Etf
The ability to find closely correlated positions to CI Canadian 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 Canadian 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 Canadian - 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 Canadian Banks to buy it.
The correlation of CI Canadian 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 Canadian moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CI Canadian Banks 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 Canadian 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 CIC Etf
CI Canadian financial ratios help investors to determine whether CIC 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 CIC with respect to the benefits of owning CI Canadian security.