Ci Global Financial Etf Volatility
| FSF Etf | CAD 36.72 0.44 1.18% |
As of now, FSF Etf is very steady. CI Global Financial retains Efficiency (Sharpe Ratio) of 0.17, which signifies that the etf had a 0.17 % return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for CI Global, which you can use to evaluate the volatility of the entity. Please confirm CI Global's Coefficient Of Variation of 811.33, market risk adjusted performance of 0.1734, and Standard Deviation of 0.8996 to double-check if the risk estimate we provide is consistent with the expected return of 0.15%.
Sharpe Ratio = 0.1719
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 0.88 actual daily | 7 93% of assets are more volatile |
Expected Return
| 0.15 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average CI Global is performing at about 13% 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 Global by adding it to a well-diversified portfolio.
Key indicators related to CI Global's volatility include:30 Days Market Risk | Chance Of Distress | 30 Days Economic Sensitivity |
CI Global Etf volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of FSF daily returns, and it is calculated using variance and standard deviation. We also use FSF's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of CI Global volatility.
FSF |
Downward market volatility can be a perfect environment for investors who play the long game with CI Global. They may decide to buy additional shares of CI Global at lower prices to lower the average cost per share, thereby improving their portfolio's performance when markets normalize.
Moving together with FSF Etf
| 0.94 | ZEB | BMO SPTSX Equal | PairCorr |
| 0.95 | XFN | iShares SPTSX Capped | PairCorr |
| 0.96 | ZBK | BMO Equal Weight | PairCorr |
| 0.94 | HCA | Hamilton Canadian Bank | PairCorr |
| 0.96 | ZUB | BMO Equal Weight | PairCorr |
| 0.96 | ZWK | BMO Covered Call | PairCorr |
| 0.95 | CIC | CI Canadian Banks | PairCorr |
| 0.92 | FLI | CI Canada Lifeco | PairCorr |
| 0.95 | CEW | iShares Equal Weight | PairCorr |
| 0.94 | XIU | iShares SPTSX 60 | PairCorr |
| 0.74 | XSP | iShares Core SP | PairCorr |
| 0.94 | XIC | iShares Core SPTSX | PairCorr |
| 0.93 | ZCN | BMO SPTSX Capped | PairCorr |
| 0.97 | FCVH | Fidelity Value Currency | PairCorr |
| 0.85 | XCG | iShares Canadian Growth | PairCorr |
| 0.94 | PFLS | Picton Mahoney Fortified | PairCorr |
| 0.92 | XEH | iShares MSCI Europe | PairCorr |
| 0.68 | THU | TD Equity CAD | PairCorr |
| 0.88 | ZUD | BMO Dividend Hedged | PairCorr |
| 0.74 | ZUE | BMO SP 500 | PairCorr |
Moving against FSF Etf
| 0.75 | TCLB | TD Canadian Long | PairCorr |
| 0.57 | ZAG | BMO Aggregate Bond | PairCorr |
| 0.56 | XBB | iShares Canadian Universe | PairCorr |
CI Global Market Sensitivity And Downside Risk
CI Global's beta coefficient measures the volatility of FSF etf compared to the systematic risk of the entire market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents FSF etf's returns against your selected market. In other words, CI Global's beta of 0.62 provides an investor with an approximation of how much risk CI Global etf can potentially add to one of your existing portfolios. CI Global Financial has relatively low volatility with skewness of -0.22 and kurtosis of 1.19. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure CI Global's etf risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact CI Global's etf price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.
3 Months Beta |Analyze CI Global Financial Demand TrendCheck current 90 days CI Global correlation with market (Dow Jones Industrial)CI Global Volatility and Downside Risk
FSF standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. A typical volatile entity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.
CI Global Financial Etf Volatility Analysis
Volatility refers to the frequency at which CI Global etf price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with CI Global's price changes. Investors will then calculate the volatility of CI Global's etf to predict their future moves. A etf that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A etf with relatively stable price changes has low volatility. A highly volatile etf is riskier, but the risk cuts both ways. Investing in highly volatile security can either be highly successful, or you may experience significant failure. There are two main types of CI Global's volatility:
Historical Volatility
This type of etf volatility measures CI Global's fluctuations based on previous trends. It's commonly used to predict CI Global's future behavior based on its past. However, it cannot conclusively determine the future direction of the etf.Implied Volatility
This type of volatility provides a positive outlook on future price fluctuations for CI Global's current market price. This means that the etf will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on CI Global's to be redeemed at a future date.Transformation |
The output start index for this execution was zero with a total number of output elements of sixty-one. Developed by Larry Williams, the Weighted Close is the average of CI Global Financial high, low and close of a chart with the close values weighted twice. It can be used to smooth an indicator that normally takes only CI Global closing price as input.
CI Global Projected Return Density Against Market
Assuming the 90 days trading horizon CI Global has a beta of 0.6172 . This usually indicates as returns on the market go up, CI Global average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding CI Global Financial will be expected to be much smaller as well.Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to CI Global or Oil, Gas & Consumable Fuels sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that CI Global's price will be affected by overall etf market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a FSF etf's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
CI Global Financial has an alpha of 0.0451, implying that it can generate a 0.0451 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Predicted Return Density |
| Returns |
What Drives a CI Global Price Volatility?
Several factors can influence a etf's market volatility:Industry
Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.Political and Economic environment
When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.The Company's Performance
Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract many investors to purchase the company. This positive attention will raise the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.CI Global Etf Risk Measures
Assuming the 90 days trading horizon the coefficient of variation of CI Global is 581.87. The daily returns are distributed with a variance of 0.77 and standard deviation of 0.88. The mean deviation of CI Global Financial is currently at 0.61. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.69
α | Alpha over Dow Jones | 0.05 | |
β | Beta against Dow Jones | 0.62 | |
σ | Overall volatility | 0.88 | |
Ir | Information ratio | 0.01 |
CI Global Etf Return Volatility
CI Global historical daily return volatility represents how much of CI Global etf's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The ETF assumes 0.8752% volatility of returns over the 90 days investment horizon. By contrast, Dow Jones Industrial accepts 0.7248% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
Related Correlations Analysis
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
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CI Global Constituents Risk-Adjusted Indicators
There is a big difference between FSF Etf performing well and CI Global ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze CI Global's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| XDG | 0.45 | 0.07 | (0.04) | 2.86 | 0.39 | 0.98 | 2.88 | |||
| QQCC | 0.62 | 0.01 | (0.07) | 0.11 | 0.69 | 1.28 | 3.96 | |||
| ZGRO | 0.48 | 0.07 | (0.02) | 0.65 | 0.46 | 0.99 | 2.46 | |||
| DXP | 0.21 | 0.03 | (0.15) | 0.46 | 0.14 | 0.47 | 1.38 | |||
| XMC | 0.72 | 0.09 | 0.01 | 0.74 | 0.70 | 1.50 | 3.67 | |||
| HAZ | 0.48 | (0.03) | (0.17) | (0.04) | 0.57 | 0.91 | 2.76 | |||
| GLCC | 1.78 | 0.25 | 0.07 | 0.63 | 2.58 | 4.33 | 12.76 | |||
| XESG | 0.59 | 0.09 | 0.03 | 0.54 | 0.66 | 1.16 | 3.43 | |||
| VI | 0.44 | 0.13 | 0.08 | 0.86 | 0.34 | 1.11 | 2.39 | |||
| ENCC | 0.71 | 0.08 | (0.03) | (0.31) | 0.98 | 1.21 | 4.91 |
About CI Global Volatility
Volatility is a rate at which the price of CI Global or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of CI Global may increase or decrease. In other words, similar to FSF's beta indicator, it measures the risk of CI Global and helps estimate the fluctuations that may happen in a short period of time. So if prices of CI Global fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.The First Asset ETFs investment objective is to seek longterm total returns consisting of longterm capital appreciation and regular dividend income from an actively managed portfolio composed primarily of securities of issuers in the global financial services sector across developed and emerging markets. CI FA is traded on Toronto Stock Exchange in Canada.
CI Global's stock volatility refers to the amount of uncertainty or risk involved with the size of changes in its stock's price. It is a statistical measure of the dispersion of returns on FSF Etf over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much CI Global's price varies over time.
3 ways to utilize CI Global's volatility to invest better
Higher CI Global's etf volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of CI Global Financial etf is relatively stable. Investors and traders use stock volatility as an indicator of risk and potential reward, as stocks with higher volatility can offer the potential for more significant returns but also come with a greater risk of losses. CI Global Financial etf volatility can provide helpful information for making investment decisions in the following ways:- Measuring Risk: Volatility can be used as a measure of risk, which can help you determine the potential fluctuations in the value of CI Global Financial investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in CI Global's etf can indicate that there is potential for significant price movements, either up or down, which could present investment opportunities.
- Diversification: Understanding how the volatility of CI Global's etf relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
CI Global Investment Opportunity
CI Global Financial has a volatility of 0.88 and is 1.22 times more volatile than Dow Jones Industrial. 7 percent of all equities and portfolios are less risky than CI Global. You can use CI Global Financial to protect your portfolios against small market fluctuations. The etf experiences a somewhat bearish sentiment, but the market may correct it shortly. Check odds of CI Global to be traded at C$35.62 in 90 days.Very weak diversification
The correlation between CI Global Financial and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CI Global Financial and DJI in the same portfolio, assuming nothing else is changed.
CI Global Additional Risk Indicators
The analysis of CI Global's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in CI Global's investment and either accepting that risk or mitigating it. Along with some common measures of CI Global etf's risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Risk Adjusted Performance | 0.0877 | |||
| Market Risk Adjusted Performance | 0.1734 | |||
| Mean Deviation | 0.6248 | |||
| Semi Deviation | 0.7465 | |||
| Downside Deviation | 1.01 | |||
| Coefficient Of Variation | 811.33 | |||
| Standard Deviation | 0.8996 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential etfs, we recommend comparing similar etfs with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
CI Global Suggested Diversification Pairs
Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
| Alphabet vs. CI Global | ||
| Citigroup vs. CI Global | ||
| Ford vs. CI Global | ||
| GM vs. CI Global | ||
| Visa vs. CI Global | ||
| Dupont De vs. CI Global | ||
| Microsoft vs. CI Global | ||
The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against CI Global as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. CI Global's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, CI Global's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to CI Global Financial.
Other Information on Investing in FSF Etf
CI Global financial ratios help investors to determine whether FSF 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 FSF with respect to the benefits of owning CI Global security.