Ci Canadian Convertible Etf Performance
| CXF Etf | CAD 9.85 0.05 0.51% |
The etf owns a Beta (Systematic Risk) of -0.13, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning CI Canadian are expected to decrease at a much lower rate. During the bear market, CI Canadian is likely to outperform the market.
Risk-Adjusted Performance
3 of 100
Weak | Strong |
Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in CI Canadian Convertible are ranked lower than 3 (%) of all global equities and portfolios over the last 90 days. In spite of very healthy technical and fundamental indicators, CI Canadian is not utilizing all of its potentials. The recent stock price disarray, may contribute to short-term losses for the investors. ...more
1 | CI CDN Convert Bond ETF Quote - Press Release - The Globe and Mail | 11/07/2024 |
| In Threey Sharp Ratio | 0.11 |
CXF |
CI Canadian Relative Risk vs. Return Landscape
If you would invest 966.00 in CI Canadian Convertible on August 28, 2024 and sell it today you would earn a total of 19.00 from holding CI Canadian Convertible or generate 1.97% return on investment over 90 days. CI Canadian Convertible is generating 0.0346% of daily returns assuming 0.8031% volatility of returns over the 90 days investment horizon. Simply put, 7% of all etfs have less volatile historical return distribution than CI Canadian, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
CI Canadian Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for CI Canadian's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as CI Canadian Convertible, and traders can use it to determine the average amount a CI Canadian'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 = 0.0431
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | CXF |
Estimated Market Risk
| 0.8 actual daily | 7 93% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average CI Canadian is performing at about 3% 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 CI Canadian by adding it to a well-diversified portfolio.
CI Canadian Fundamentals Growth
CXF Etf prices reflect investors' perceptions of the future prospects and financial health of CI Canadian, and CI Canadian fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on CXF Etf performance.
| Total Asset | 55.32 M | |||
About CI Canadian Performance
By examining CI Canadian's fundamental ratios, stakeholders can obtain critical insights into CI Canadian's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that CI Canadian is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
The objectives of ETF are to provide unitholders with quarterly cash distributions, the opportunity for capital appreciation by investing on a capitalization-weighted basis in a portfolio of Convertible Bonds of Canadian issuers. CI FA is traded on Toronto Stock Exchange in Canada.| Latest headline from news.google.com: CI CDN Convert Bond ETF Quote - Press Release - The Globe and Mail | |
| The fund holds most of the assets under management (AUM) in different types of exotic instruments. |
Other Information on Investing in CXF Etf
CI Canadian financial ratios help investors to determine whether CXF 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 CXF with respect to the benefits of owning CI Canadian security.