Cibc Qx Low Etf Performance
| CQLU Etf | 24.33 0.43 1.80% |
The etf owns a Beta (Systematic Risk) of -0.0228, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning CIBC Qx are expected to decrease at a much lower rate. During the bear market, CIBC Qx is likely to outperform the market.
Risk-Adjusted Performance
15 of 100
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Good
Compared to the overall equity markets, risk-adjusted returns on investments in CIBC Qx Low are ranked lower than 15 (%) of all global equities and portfolios over the last 90 days. In spite of rather unfluctuating technical and fundamental indicators, CIBC Qx exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
CIBC |
CIBC Qx Relative Risk vs. Return Landscape
If you would invest 2,152 in CIBC Qx Low on August 29, 2024 and sell it today you would earn a total of 281.00 from holding CIBC Qx Low or generate 13.06% return on investment over 90 days. CIBC Qx Low is generating 0.2031% of daily returns and assumes 1.0247% volatility on return distribution over the 90 days horizon. Simply put, 9% of etfs are less volatile than CIBC, and 96% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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CIBC Qx Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for CIBC Qx's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as CIBC Qx Low, and traders can use it to determine the average amount a CIBC Qx's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1983
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 1.02 actual daily | 9 91% of assets are more volatile |
Expected Return
| 0.2 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.2 actual daily | 15 85% of assets perform better |
Based on monthly moving average CIBC Qx is performing at about 15% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of CIBC Qx by adding it to a well-diversified portfolio.
About CIBC Qx Performance
By analyzing CIBC Qx's fundamental ratios, stakeholders can gain valuable insights into CIBC Qx's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if CIBC Qx has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if CIBC Qx has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
CIBC Qx is entity of Canada. It is traded as Etf on NEO exchange.