Ci Global Real Etf Fundamentals
| CGRA Etf | CAD 22.97 0.07 0.30% |
CI Global Real fundamentals help investors to digest information that contributes to CI Global's financial success or failures. It also enables traders to predict the movement of CGRA Etf. The fundamental analysis module provides a way to measure CI Global's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to CI Global etf.
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CI Global Real ETF Beta Analysis
CI Global's 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.
Current CI Global Beta | 0.91 |
Most of CI Global's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, CI Global Real is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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.
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In accordance with the recently published financial statements, CI Global Real has a Beta of 0.91. This is much higher than that of the family and significantly higher than that of the Global Equity category. The beta for all Canada etfs is notably lower than that of the firm.
CI Global Real Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining CI Global's current stock value. Our valuation model uses many indicators to compare CI Global value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across CI Global competition to find correlations between indicators driving CI Global's intrinsic value. More Info.CI Global Real is fourth largest ETF in price to earning as compared to similar ETFs. It is fifth largest ETF in price to book as compared to similar ETFs fabricating about 0.08 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for CI Global Real is roughly 12.03 . Comparative valuation analysis is a catch-all model that can be used if you cannot value CI Global by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for CI Global'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.CGRA Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses CI Global's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of CI Global could also be used in its relative valuation, which is a method of valuing CI Global by comparing valuation metrics of similar companies.CI Global is rated below average in beta as compared to similar ETFs.
Fund Asset Allocation for CI Global
The fund invests 99.28% of asset under management in tradable equity instruments, with the rest of investments concentrated in various types of exotic instruments.Asset allocation divides CI Global's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
CI Global returns are very sensitive to returns on the market. As the market goes up or down, CI Global is expected to follow.
CGRA Fundamentals
| Price To Earning | 18.41 X | |||
| Price To Book | 1.53 X | |||
| Price To Sales | 5.82 X | |||
| Beta | 0.91 | |||
| Annual Yield | 2.53 % | |||
| Year To Date Return | (4.16) % | |||
| One Year Return | 23.60 % | |||
| Three Year Return | 3.80 % | |||
| Net Asset | 127.08 M | |||
| Holdings Turnover | 16.53 % | |||
| Equity Positions Weight | 99.28 % |
About CI Global Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze CI Global Real's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of CI Global using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of CI Global Real based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.CI Global is entity of Canada. It is traded as Etf on TO exchange.
Pair Trading with CI Global
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 Global 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 Global will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to CI Global 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 Global 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 Global - 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 Global Real to buy it.
The correlation of CI Global 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 Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CI Global Real 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 Global 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.Other Information on Investing in CGRA Etf
CI Global financial ratios help investors to determine whether CGRA 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 CGRA with respect to the benefits of owning CI Global security.