| BXF Etf | | | CAD 10.27 0.01 0.1% |
The current 90-days correlation between CI 1 5 and BMO Discount Bond is 0.04 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CI 1 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CI 1 5 Year moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
CI 1 Correlation With Market
Good diversification
The correlation between CI 1 5 Year and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CI 1 5 Year and DJI in the same portfolio, assuming nothing else is changed.
The ability to find closely correlated positions to CI 1 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 1 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 1 - 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 1 5 Year to buy it.
Moving together with BXF Etf
Related Correlations Analysis
CI 1 Constituents Risk-Adjusted IndicatorsThere is a big difference between BXF Etf performing well and CI 1 ETF 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 1'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.
Be your own money manager
Our tools can tell you how much better you can do entering a position in CI 1 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.
| | Aroon OscillatorAnalyze current equity momentum using Aroon Oscillator and other momentum ratios |