Ci Global Climate Etf Three Year Return
| CLML Etf | 33.60 0.55 1.66% |
CI Global Climate fundamentals help investors to digest information that contributes to CI Global's financial success or failures. It also enables traders to predict the movement of CLML Etf. The fundamental analysis module provides a way to measure CI Global'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 CI Global etf.
CLML |
CI Global Climate ETF Three Year Return Analysis
CI Global's Tree Year Return shows the total annualized return generated from holding a fund or ETFs for the last three years. The return measure includes capital appreciation, losses, dividends paid, and all capital gains distributions. This return indicator is considered by many investors to be solid measures of fund mid-term performance.
More About Three Year Return | All Equity Analysis
Three Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Current CI Global Three Year Return | 15.70 % |
Most of CI Global's fundamental indicators, such as Three Year Return, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, CI Global Climate is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Although Three Year Fund Return indicator can give a sense of overall fund mid-term potential, it is recommended to compare fund performances against other similar funds, ETFs, or market benchmarks for the same 3 year interval.
| Competition |
Based on the latest financial disclosure, CI Global Climate has a Three Year Return of 15.7%. This is much higher than that of the family and significantly higher than that of the Global Equity category. The three year return for all Canada etfs is notably lower than that of the firm.
CLML Three Year Return Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses CI Global's direct or indirect competition against its Three Year Return to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of CI Global could also be used in its relative valuation, which is a method of valuing CI Global by comparing valuation metrics of similar companies.CI Global is second largest ETF in three year return as compared to similar ETFs.
CLML Fundamentals
| Beta | 1.36 | |||
| One Year Return | 72.20 % | |||
| Three Year Return | 15.70 % |
About CI Global Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze CI Global Climate's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of CI Global using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of CI Global Climate based on its fundamental data. In general, a quantitative approach, as applied to this etf, 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 CI Global
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 Global 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 Global will appreciate offsetting losses from the drop in the long position's value.Moving together with CLML Etf
| 0.93 | XEQT | iShares Core Equity | PairCorr |
| 0.91 | XAW | iShares Core MSCI | PairCorr |
| 0.93 | DXG | Dynamic Active Global | PairCorr |
| 0.91 | VXC | Vanguard FTSE Global | PairCorr |
| 0.91 | XWD | iShares MSCI World | PairCorr |
Moving against CLML Etf
The ability to find closely correlated positions to CI Global 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 Global 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 Global - 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 Global Climate to buy it.
The correlation of CI Global 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 Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CI Global Climate 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 Global 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 CLML Etf
CI Global financial ratios help investors to determine whether CLML 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 CLML with respect to the benefits of owning CI Global security.