CI Signature Correlations

0P0001FKWD

CAD 36.35 0.06 0.16%

The current 90-days correlation between CI Signature Cat and Fidelity Tactical High is 0.19 (i.e., Average diversification). The correlation of CI Signature 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

CI Signature Correlation With Market

Modest diversification

The correlation between CI Signature Cat and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CI Signature Cat and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to CI Signature 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 Signature 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 Signature - 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 Signature Cat to buy it.

Moving together with 0P0001FKWD Fund

1.0	0P0001AAKP	CI Signature Cat	Pair Corr
1.0	0P000070HA	CI Global Alpha	Pair Corr
0.97	0P0000733H	RBC Global Technology	Pair Corr
0.9	0P000070JI	Fidelity Technology	Pair Corr

Moving against 0P0001FKWD Fund

0.85

0P000070H9

CI Global Health

Pair Corr

Related Correlations Analysis

	FTHI	BLB-UN	HIG	0P000070HA	CIG18006	0P00007174	0P000071W8	MMF4606	SSF-UN
FTHI		0.63	-0.85	0.97	0.97	-0.53	0.97	0.65	0.9	FTHI
BLB-UN	0.63		-0.75	0.66	0.66	-0.66	0.73	0.37	0.68	BLB-UN
HIG	-0.85	-0.75		-0.86	-0.86	0.68	-0.85	-0.39	-0.87	HIG
0P000070HA	0.97	0.66	-0.86		1.0	-0.56	0.97	0.69	0.88	0P000070HA
CIG18006	0.97	0.66	-0.86	1.0		-0.56	0.97	0.69	0.88	CIG18006
0P00007174	-0.53	-0.66	0.68	-0.56	-0.56		-0.57	-0.11	-0.55	0P00007174
0P000071W8	0.97	0.73	-0.85	0.97	0.97	-0.57		0.7	0.88	0P000071W8
MMF4606	0.65	0.37	-0.39	0.69	0.69	-0.11	0.7		0.55	MMF4606
SSF-UN	0.9	0.68	-0.87	0.88	0.88	-0.55	0.88	0.55		SSF-UN
	FTHI	BLB-UN	HIG	0P000070HA	CIG18006	0P00007174	0P000071W8	MMF4606	SSF-UN

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

CIG18006	+ 1.0	0P000070HA
0P000070HA	+ 0.97	FTHI
CIG18006	+ 0.97	FTHI
0P000071W8	+ 0.97	FTHI
0P000071W8	+ 0.97	0P000070HA
0P000071W8	+ 0.97	CIG18006

High negative correlations

SSF-UN	- 0.87	HIG
CIG18006	- 0.86	HIG
0P000070HA	- 0.86	HIG
0P000071W8	- 0.85	HIG
HIG	- 0.85	FTHI
HIG	- 0.75	BLB-UN

Risk-Adjusted Indicators

There is a big difference between 0P0001FKWD Fund performing well and CI Signature Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze CI Signature's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FTHI	0.42	0.11	0.04	0.51	0.00	(0.54)	1.11	(0.60)	3.05
BLB-UN	0.48	0.02	(0.03)	0.45	1.14	(1.37)	2.08	(0.96)	11.33
HIG	0.67	(0.16)	0.00	(0.53)	0.00	0.00	1.22	(1.92)	4.30
0P000070HA	1.01	0.21	0.11	0.54	1.10	(1.17)	2.77	(2.23)	5.87
CIG18006	1.01	0.21	0.11	0.54	1.10	(1.17)	2.77	(2.23)	5.87
0P00007174	0.27	(0.01)	(0.33)	0.03	0.30	(0.29)	0.60	(0.59)	1.37
0P000071W8	0.53	0.12	0.06	0.40	0.44	(0.58)	1.20	(1.15)	4.46
MMF4606	0.44	(0.01)	(0.17)	0.10	0.52	(0.45)	0.87	(0.97)	2.55
SSF-UN	0.36	0.04	(0.16)	1.62	0.29	(0.51)	0.86	(0.71)	1.87

Be your own money manager

Our tools can tell you how much better you can do entering a position in CI Signature without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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