CI Galaxy Correlations

CMCX-B Etf

15.95 0.30 1.85%

The current 90-days correlation between CI Galaxy Multi and iShares SPTSX 60 is 0.13 (i.e., Average diversification). The correlation of CI Galaxy 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 Galaxy Correlation With Market

Modest diversification

The correlation between CI Galaxy Multi Crypto and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CI Galaxy Multi Crypto and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to CI Galaxy 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 Galaxy 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 Galaxy - 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 Galaxy Multi Crypto to buy it.

Moving together with CMCX-B Etf

0.83	XIU	iShares SPTSX 60	Pair Corr
0.83	XSP	iShares Core SP	Pair Corr
0.81	XIC	iShares Core SPTSX	Pair Corr
0.82	ZCN	BMO SPTSX Capped	Pair Corr
0.9	ZSP	BMO SP 500	Pair Corr
0.9	VFV	Vanguard SP 500	Pair Corr
0.92	ZEB	BMO SPTSX Equal	Pair Corr
0.86	HQU	BetaPro NASDAQ 100	Pair Corr
0.9	HBLK	Blockchain Technologies	Pair Corr
0.92	TEC	TD Global Technology	Pair Corr
0.91	ZNQ	BMO NASDAQ 100	Pair Corr
0.96	XIT	iShares SPTSX Capped	Pair Corr
0.69	HTA	Harvest Tech Achievers	Pair Corr
0.88	XQQ	iShares NASDAQ 100	Pair Corr
0.88	ZQQ	BMO NASDAQ 100	Pair Corr
0.81	TLF	Tech Leaders Income	Pair Corr
0.85	TOCC	TD One Click	Pair Corr
0.82	GDV	Global Dividend Growth	Pair Corr
0.79	ZWA	BMO Covered Call	Pair Corr
0.8	PFAA	Picton Mahoney Fortified	Pair Corr
0.85	VMO	Vanguard Global Momentum	Pair Corr
0.83	FTN	Financial 15 Split	Pair Corr
0.91	CASH	GLOBAL X HIGH	Pair Corr
0.9	VUN	Vanguard Total Market	Pair Corr
0.79	EGIF	Exemplar Growth	Pair Corr
0.88	FLSA	Fidelity LongShort	Pair Corr
0.87	FHG	FT AlphaDEX Industrials	Pair Corr
0.75	PYF-B	Purpose Fund Corp	Pair Corr
0.96	BTCQ	3iQ Bitcoin ETF	Pair Corr
0.97	FBTC	Fidelity Advantage	Pair Corr
0.61	ZSB	BMO Short Term	Pair Corr
0.86	XESG	iShares ESG Aware	Pair Corr
0.87	XCNS	iShares Core Conservative	Pair Corr

Related Correlations Analysis

	XIU	XSP	XIC	ZAG	XBB	ZCN	ZSP	TCLB	VFV	ZEB
XIU		0.95	1.0	0.4	0.39	1.0	0.93	0.14	0.92	0.96	XIU
XSP	0.95		0.95	0.48	0.47	0.95	0.95	0.22	0.95	0.93	XSP
XIC	1.0	0.95		0.38	0.37	1.0	0.92	0.12	0.92	0.95	XIC
ZAG	0.4	0.48	0.38		1.0	0.38	0.41	0.93	0.41	0.44	ZAG
XBB	0.39	0.47	0.37	1.0		0.37	0.4	0.93	0.41	0.44	XBB
ZCN	1.0	0.95	1.0	0.38	0.37		0.92	0.12	0.92	0.95	ZCN
ZSP	0.93	0.95	0.92	0.41	0.4	0.92		0.09	1.0	0.96	ZSP
TCLB	0.14	0.22	0.12	0.93	0.93	0.12	0.09		0.1	0.15	TCLB
VFV	0.92	0.95	0.92	0.41	0.41	0.92	1.0	0.1		0.96	VFV
ZEB	0.96	0.93	0.95	0.44	0.44	0.95	0.96	0.15	0.96		ZEB
	XIU	XSP	XIC	ZAG	XBB	ZCN	ZSP	TCLB	VFV	ZEB

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CI Galaxy Constituents Risk-Adjusted Indicators

There is a big difference between CMCX-B Etf performing well and CI Galaxy 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 Galaxy'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
XIU	0.38	0.04	0.04	0.13	0.50	(0.40)	0.75	(0.62)	3.69
XSP	0.49	0.04	0.03	0.10	0.75	(0.45)	1.03	(1.03)	5.61
XIC	0.38	0.04	0.04	0.13	0.52	(0.40)	0.81	(0.58)	3.74
ZAG	0.29	(0.02)	0.00	(0.09)	0.00	0.00	0.71	(0.57)	1.94
XBB	0.30	(0.02)	0.00	(0.10)	0.00	0.00	0.59	(0.63)	1.94
ZCN	0.38	0.04	0.04	0.14	0.50	(0.40)	0.81	(0.60)	3.65
ZSP	0.50	0.13	0.15	0.37	0.53	(0.52)	1.15	(1.07)	5.47
TCLB	0.57	(0.05)	0.00	(0.20)	0.00	0.00	1.08	(1.10)	3.80
VFV	0.49	0.13	0.16	0.37	0.51	(0.51)	1.16	(1.04)	5.25
ZEB	0.34	0.07	0.11	0.37	0.24	(0.38)	0.79	(0.56)	2.44

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Our tools can tell you how much better you can do entering a position in CI Galaxy 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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