CI Gold Net Asset vs. Beta
| CGXF Etf | CAD 11.47 0.31 2.78% |
For CI Gold profitability analysis, we use financial ratios and fundamental drivers that measure the ability of CI Gold to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well CI Gold Giants utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between CI Gold's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of CI Gold Giants over time as well as its relative position and ranking within its peers.
CGXF |
CI Gold Giants Beta vs. Net Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining CI Gold's current stock value. Our valuation model uses many indicators to compare CI Gold value to that of its competitors to determine the firm's financial worth. CI Gold Giants is the top ETF in net asset as compared to similar ETFs. It is third largest ETF in beta as compared to similar ETFs . The ratio of Net Asset to Beta for CI Gold Giants is about 495,077,778 . Comparative valuation analysis is a catch-all model that can be used if you cannot value CI Gold by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for CI Gold's Etf. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.CGXF Beta vs. Net Asset
Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
CI Gold |
| = | 445.57 M |
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
CI Gold |
| = | 0.9 |
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
CGXF Beta Comparison
CI Gold is currently under evaluation in beta as compared to similar ETFs.
Beta Analysis
CI Gold returns are very sensitive to returns on the market. As the market goes up or down, CI Gold is expected to follow.
CI Gold Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in CI Gold, profitability is also one of the essential criteria for including it into their portfolios because, without profit, CI Gold will eventually generate negative long term returns. The profitability progress is the general direction of CI Gold's change in net profit over the period of time. It can combine multiple indicators of CI Gold, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
The Funds investment objective is to provide unitholders, through an actively managed portfolio, with quarterly cash distributions, the opportunity for capital appreciation by investing on an equal weight basis in a portfolio of securities of the 15 largest Gold and Precious Metals Companies measured by market capitalization listed on a North American stock exchange that have liquid options markets and lower overall volatility of returns on the portfolio than would be experienced by owning a portfolio of securities of such issuers directly. CI FIRST is traded on Toronto Stock Exchange in Canada.
CGXF Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on CI Gold. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of CI Gold position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the CI Gold's important profitability drivers and their relationship over time.
| Net Asset vs One Year Return | ||
| Three Year Return vs Beta | ||
| Net Asset vs Five Year Return | ||
| Last Dividend Paid vs Beta | ||
| Net Asset vs Equity Positions Weight |
Use CI Gold in pair-trading
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 Gold 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 Gold will appreciate offsetting losses from the drop in the long position's value.CI Gold Pair Trading
CI Gold Giants Pair Trading Analysis
The ability to find closely correlated positions to CI Gold 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 Gold 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 Gold - 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 Gold Giants to buy it.
The correlation of CI Gold 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 Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CI Gold Giants 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 Gold 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.Use Investing Themes to Complement your CI Gold position
In addition to having CI Gold in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Non-Metallic and Industrial Metal Mining Thematic Idea Now
Non-Metallic and Industrial Metal Mining
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Non-Metallic and Industrial Metal Mining theme has 61 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Non-Metallic and Industrial Metal Mining Theme or any other thematic opportunities.
| View All Next | Launch |
Other Information on Investing in CGXF Etf
To fully project CI Gold's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of CI Gold Giants at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include CI Gold's income statement, its balance sheet, and the statement of cash flows.