Cdspi Canadian Equity Fund Book Value Per Share
| 0P000070CY | CAD 48.12 0.07 0.15% |
CDSPI Canadian Equity fundamentals help investors to digest information that contributes to CDSPI Canadian's financial success or failures. It also enables traders to predict the movement of CDSPI Fund. The fundamental analysis module provides a way to measure CDSPI Canadian's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to CDSPI Canadian fund.
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CDSPI Canadian Equity Fund Book Value Per Share Analysis
CDSPI Canadian's Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.
More About Book Value Per Share | All Equity Analysis
Book Value per Share | = | Common EquityAverage Shares |
The naive approach to look at Book Value per Share is to compare it to current stock price. If Book Value per Share is higher than the currently traded stock price, the company can be considered undervalued. However, investors must be aware that conventional calculation of Book Value does not include intangible assets such as goodwill, intellectual property, trademarks or brands and may not be an appropriate measure for many firms.
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In accordance with the recently published financial statements, the book value per share of CDSPI Canadian Equity is about 0.0 times. This indicator is about the same for the CDSPI average (which is currently at 0.0) family and about the same as Canadian Focused Equity (which currently averages 0.0) category. This indicator is about the same for all Canada funds average (which is currently at 0.0).
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Fund Asset Allocation for CDSPI Canadian
The fund consists of 97.76% investments in stocks, with the rest of investments allocated between different money market instruments.Asset allocation divides CDSPI Canadian's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
CDSPI Fundamentals
| Total Asset | 6.57 M | |||
| One Year Return | (15.00) % | |||
| Three Year Return | (2.44) % | |||
| Five Year Return | (3.37) % | |||
| Ten Year Return | 1.89 % | |||
| Net Asset | 6.57 M | |||
| Minimum Initial Investment | 50 | |||
| Cash Position Weight | 2.24 % | |||
| Equity Positions Weight | 97.76 % |
About CDSPI Canadian Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze CDSPI Canadian Equity's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of CDSPI Canadian using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of CDSPI Canadian Equity based on its fundamental data. In general, a quantitative approach, as applied to this fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with CDSPI Canadian
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 CDSPI Canadian 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 CDSPI Canadian will appreciate offsetting losses from the drop in the long position's value.Moving together with CDSPI Fund
| 0.64 | 0P0000VUYE | Manulife Dividend Income | PairCorr |
| 0.72 | 0P0000706A | RBC Select Balanced | PairCorr |
| 0.72 | 0P00007069 | RBC Portefeuille | PairCorr |
| 0.81 | 0P0000IUYO | Edgepoint Global Por | PairCorr |
The ability to find closely correlated positions to CDSPI Canadian could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CDSPI Canadian 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 CDSPI Canadian - 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 CDSPI Canadian Equity to buy it.
The correlation of CDSPI Canadian 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 CDSPI Canadian moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CDSPI Canadian Equity 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 CDSPI Canadian 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 CDSPI Fund
CDSPI Canadian financial ratios help investors to determine whether CDSPI Fund 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 CDSPI with respect to the benefits of owning CDSPI Canadian security.
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