Ci Gold Bullion Etf Market Value
| VALT Etf | CAD 32.33 0.04 0.12% |
| Symbol | VALT |
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.
| 07/02/2024 |
| 12/29/2024 |
If you would invest 0.00 in CI Gold on July 2, 2024 and sell it all today you would earn a total of 0.00 from holding CI Gold Bullion or generate 0.0% return on investment in CI Gold over 180 days. CI Gold is related to or competes with Global X, Global X, and Global X. CI GOLD is traded on Toronto Stock Exchange in Canada. 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 Bullion upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 5.0 | |||
| Value At Risk | (2.04) | |||
| Potential Upside | 1.4 |
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 | (0.02) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | 1.18 |
CI Gold Bullion Backtested Returns
CI Gold Bullion retains Efficiency (Sharpe Ratio) of -0.0092, which signifies that the etf had a -0.0092% return per unit of price deviation over the last 3 months. CI Gold exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CI Gold's Variance of 1.03, market risk adjusted performance of 1.19, and Information Ratio of (0.06) to double-check the risk estimate we provide. The etf owns a Beta (Systematic Risk) of -0.0309, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning CI Gold are expected to decrease at a much lower rate. During the bear market, CI Gold is likely to outperform the market.
Auto-correlation | -0.46 |
Modest reverse predictability
CI Gold Bullion has modest reverse predictability. Overlapping area represents the amount of predictability between CI Gold time series from 2nd of July 2024 to 30th of September 2024 and 30th of September 2024 to 29th 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 Bullion price movement. The serial correlation of -0.46 indicates that about 46.0% of current CI Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.43 |
CI Gold Bullion 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 Bullion.
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 together with VALT Etf
| 0.84 | SVR | iShares Silver Bullion | PairCorr |
| 0.98 | HGY | Global X Gold | PairCorr |
| 0.99 | HUG | Global X Gold | PairCorr |
| 0.85 | HUZ | Global X Silver | PairCorr |
Moving against VALT Etf
| 0.45 | HUN | Global X Natural | PairCorr |
| 0.42 | CMCX-B | CI Galaxy Multi | PairCorr |
| 0.4 | ETC | Evolve Cryptocurrencies | PairCorr |
| 0.4 | FBTC | Fidelity Advantage | PairCorr |
| 0.38 | BNC | Purpose Canadian Fin | PairCorr |
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 Bullion 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 Bullion 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 VALT Etf
CI Gold financial ratios help investors to determine whether VALT 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 VALT with respect to the benefits of owning CI Gold security.