Ci Galaxy Multi Crypto Etf Performance
| CMCX-B Etf | 15.40 0.60 3.75% |
The etf owns a Beta (Systematic Risk) of -0.087, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning CI Galaxy are expected to decrease at a much lower rate. During the bear market, CI Galaxy is likely to outperform the market.
Risk-Adjusted Performance
13 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in CI Galaxy Multi Crypto are ranked lower than 13 (%) of all global equities and portfolios over the last 90 days. Despite somewhat unfluctuating fundamental indicators, CI Galaxy sustained solid returns over the last few months and may actually be approaching a breakup point. ...more
CMCX-B |
CI Galaxy Relative Risk vs. Return Landscape
If you would invest 1,143 in CI Galaxy Multi Crypto on September 29, 2024 and sell it today you would earn a total of 397.00 from holding CI Galaxy Multi Crypto or generate 34.73% return on investment over 90 days. CI Galaxy Multi Crypto is generating 0.53% of daily returns and assumes 3.1745% volatility on return distribution over the 90 days horizon. Simply put, 28% of etfs are less volatile than CMCX-B, and 90% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
CI Galaxy Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for CI Galaxy's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as CI Galaxy Multi Crypto, and traders can use it to determine the average amount a CI Galaxy'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 = 0.1669
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 3.17 actual daily | 28 72% of assets are more volatile |
Expected Return
| 0.53 actual daily | 10 90% of assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average CI Galaxy 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 Galaxy by adding it to a well-diversified portfolio.
About CI Galaxy Performance
By analyzing CI Galaxy's fundamental ratios, stakeholders can gain valuable insights into CI Galaxy's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if CI Galaxy 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 CI Galaxy has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
CI Galaxy is entity of Canada. It is traded as Etf on TO exchange.| CI Galaxy Multi appears to be risky and price may revert if volatility continues |
Other Information on Investing in CMCX-B Etf
CI Galaxy financial ratios help investors to determine whether CMCX-B 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 CMCX-B with respect to the benefits of owning CI Galaxy security.