Ci Gold Giants Etf Market Value
| CGXF Etf | CAD 11.00 0.05 0.46% |
| Symbol | CGXF |
CI Gold 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to CI Gold's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of CI Gold.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in CI Gold on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding CI Gold Giants or generate 0.0% return on investment in CI Gold over 720 days. CI Gold is related to or competes with First Asset, First Asset, Harvest Equal, CI Canada, and Global Dividend. The Funds investment objective is to provide unitholders, through an actively managed portfolio, with quarterly cash dis... More
CI Gold Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure CI Gold's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess CI Gold Giants upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.7 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 11.07 | |||
| Value At Risk | (2.34) | |||
| Potential Upside | 3.1 |
CI Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CI Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CI Gold's standard deviation. In reality, there are many statistical measures that can use CI Gold historical prices to predict the future CI Gold's volatility.| Risk Adjusted Performance | 0.0326 | |||
| Jensen Alpha | 0.0037 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.1377 |
CI Gold Giants Backtested Returns
As of now, CGXF Etf is not too volatile. CI Gold Giants retains Efficiency (Sharpe Ratio) of 0.0573, which signifies that the etf had a 0.0573% return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for CI Gold, which you can use to evaluate the volatility of the entity. Please confirm CI Gold's Market Risk Adjusted Performance of 0.1477, coefficient of variation of 2831.48, and Standard Deviation of 1.72 to double-check if the risk estimate we provide is consistent with the expected return of 0.0974%. The etf owns a Beta (Systematic Risk) of 0.37, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, CI Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding CI Gold is expected to be smaller as well.
Auto-correlation | -0.24 |
Weak reverse predictability
CI Gold Giants has weak reverse predictability. Overlapping area represents the amount of predictability between CI Gold time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of CI Gold Giants price movement. The serial correlation of -0.24 indicates that over 24.0% of current CI Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 1.28 |
CI Gold Giants lagged returns against current returns
Autocorrelation, which is CI Gold etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting CI Gold's etf expected returns. We can calculate the autocorrelation of CI Gold returns to help us make a trade decision. For example, suppose you find that CI Gold has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
CI Gold regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If CI Gold etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CI Gold etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CI Gold etf over time.
Current vs Lagged Prices |
| Timeline |
CI Gold Lagged Returns
When evaluating CI Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CI Gold etf have on its future price. CI Gold autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, CI Gold autocorrelation shows the relationship between CI Gold etf current value and its past values and can show if there is a momentum factor associated with investing in CI Gold Giants.
Regressed Prices |
| Timeline |
Pair Trading with CI Gold
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.Moving against CGXF Etf
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.Other Information on Investing in CGXF Etf
CI Gold financial ratios help investors to determine whether CGXF 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 CGXF with respect to the benefits of owning CI Gold security.