Ci Preferred Share Etf Holdings Turnover
| FPR Etf | CAD 22.84 0.05 0.22% |
CI Preferred Share fundamentals help investors to digest information that contributes to CI Preferred's financial success or failures. It also enables traders to predict the movement of FPR Etf. The fundamental analysis module provides a way to measure CI Preferred'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 Preferred etf.
FPR |
CI Preferred Share ETF Holdings Turnover Analysis
CI Preferred's Holding Turnover is calculated by adding up all the transactions for the year, dividing it by 2 and then dividing it again by the total fund holdings. Holding Turnover is the rate at which funds or ETFs replace their investment holdings on an annual basis. In other words it measures how quickly a fund turns over its holdings during the fiscal year.
Investor can think of Holding Turnover as a percentage of a fund's assets that have turned over in the past year. Typically, a high annual turnover ratio implies that fund managers made a lot of buying and selling. The higher the annual turnover, the higher the expense ratio for the fund.
| Competition |
According to the company disclosure, CI Preferred Share has a Holdings Turnover of 0.0%. This indicator is about the same for the Oil, Gas & Consumable Fuels average (which is currently at 0.0) family and about the same as Preferred Share Fixed Income (which currently averages 0.0) category. This indicator is about the same for all Canada etfs average (which is currently at 0.0).
FPR Holdings Turnover Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses CI Preferred's direct or indirect competition against its Holdings Turnover to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of CI Preferred could also be used in its relative valuation, which is a method of valuing CI Preferred by comparing valuation metrics of similar companies.CI Preferred is currently under evaluation in holdings turnover as compared to similar ETFs.
FPR Fundamentals
| Beta | 0.85 | |||
| Total Asset | 74.72 M | |||
| Annual Yield | 0.06 % | |||
| One Year Return | 21.50 % | |||
| Three Year Return | 3.30 % | |||
| Five Year Return | 7.20 % | |||
| Net Asset | 74.72 M | |||
| Last Dividend Paid | 0.0768 |
About CI Preferred Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze CI Preferred Share's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of CI Preferred using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of CI Preferred Share 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.
Pair Trading with CI Preferred
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 Preferred 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 Preferred will appreciate offsetting losses from the drop in the long position's value.Moving together with FPR Etf
| 0.75 | ZPR | BMO Laddered Preferred | PairCorr |
| 0.78 | HPR | Global X Active | PairCorr |
| 0.84 | CPD | iShares SPTSX Canadian | PairCorr |
| 0.73 | RPF | RBC Canadian Preferred | PairCorr |
| 0.84 | DXP | Dynamic Active Preferred | PairCorr |
Moving against FPR Etf
The ability to find closely correlated positions to CI Preferred 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 Preferred 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 Preferred - 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 Preferred Share to buy it.
The correlation of CI Preferred 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 Preferred moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CI Preferred Share 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 Preferred 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 FPR Etf
CI Preferred financial ratios help investors to determine whether FPR 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 FPR with respect to the benefits of owning CI Preferred security.