Ci Enhanced Short Etf Market Value
| FSB Etf | CAD 9.69 0.02 0.21% |
| Symbol | FSB |
CI Enhanced '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 Enhanced'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 Enhanced.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in CI Enhanced on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding CI Enhanced Short or generate 0.0% return on investment in CI Enhanced over 30 days. CI Enhanced is related to or competes with CI Investment, CI Enhanced, CI Preferred, CI Short, and CI Canadian. The First Asset ETFs investment objective is to provide absolute returns through interest income and capital gains and i... More
CI Enhanced 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 Enhanced'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 Enhanced Short upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.79) | |||
| Maximum Drawdown | 0.9315 | |||
| Value At Risk | (0.21) | |||
| Potential Upside | 0.2073 |
CI Enhanced Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CI Enhanced's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CI Enhanced's standard deviation. In reality, there are many statistical measures that can use CI Enhanced historical prices to predict the future CI Enhanced's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | (0.25) |
CI Enhanced Short Backtested Returns
CI Enhanced Short retains Efficiency (Sharpe Ratio) of -0.0194, which signifies that the etf had a -0.0194% return per unit of price deviation over the last 3 months. CI Enhanced exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CI Enhanced's Information Ratio of (0.79), market risk adjusted performance of (0.24), and Variance of 0.0252 to double-check the risk estimate we provide. The etf owns a Beta (Systematic Risk) of 0.0461, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CI Enhanced's returns are expected to increase less than the market. However, during the bear market, the loss of holding CI Enhanced is expected to be smaller as well.
Auto-correlation | -0.43 |
Modest reverse predictability
CI Enhanced Short has modest reverse predictability. Overlapping area represents the amount of predictability between CI Enhanced time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Enhanced Short price movement. The serial correlation of -0.43 indicates that just about 43.0% of current CI Enhanced price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CI Enhanced Short lagged returns against current returns
Autocorrelation, which is CI Enhanced 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 Enhanced's etf expected returns. We can calculate the autocorrelation of CI Enhanced returns to help us make a trade decision. For example, suppose you find that CI Enhanced 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 Enhanced 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 Enhanced etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CI Enhanced etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CI Enhanced etf over time.
Current vs Lagged Prices |
| Timeline |
CI Enhanced Lagged Returns
When evaluating CI Enhanced's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CI Enhanced etf have on its future price. CI Enhanced 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 Enhanced autocorrelation shows the relationship between CI Enhanced etf current value and its past values and can show if there is a momentum factor associated with investing in CI Enhanced Short.
Regressed Prices |
| Timeline |
Pair Trading with CI Enhanced
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 Enhanced 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 Enhanced will appreciate offsetting losses from the drop in the long position's value.Moving together with FSB Etf
| 0.73 | FLGA | Franklin Global Aggregate | PairCorr |
| 0.81 | FGO | CI Enhanced Government | PairCorr |
| 0.7 | MGB | Mackenzie Core Plus | PairCorr |
Moving against FSB Etf
| 0.58 | FHE | First Trust Indxx | PairCorr |
| 0.42 | RBOT | Global X Robotics | PairCorr |
| 0.4 | PMNT | PIMCO Global Short | PairCorr |
| 0.38 | HBGD | Global X Big | PairCorr |
| 0.36 | HBLK | Blockchain Technologies | PairCorr |
The ability to find closely correlated positions to CI Enhanced 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 Enhanced 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 Enhanced - 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 Enhanced Short to buy it.
The correlation of CI Enhanced 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 Enhanced moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CI Enhanced Short 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 Enhanced 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 FSB Etf
CI Enhanced financial ratios help investors to determine whether FSB 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 FSB with respect to the benefits of owning CI Enhanced security.