Ci Global Health Fund Market Value
| 0P000070H9 | CAD 54.48 0.04 0.07% |
| Symbol | 0P000070H9 |
CI Global 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to CI Global's fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of CI Global.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in CI Global on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding CI Global Health or generate 0.0% return on investment in CI Global over 540 days. CI Global is related to or competes with Global Healthcare, CI Global, and Mawer Canadien. This funds objective is to obtain maximum long-term capital growth More
CI Global Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure CI Global's fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess CI Global Health upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.35) | |||
| Maximum Drawdown | 3.32 | |||
| Value At Risk | (1.09) | |||
| Potential Upside | 1.02 |
CI Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CI Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CI Global's standard deviation. In reality, there are many statistical measures that can use CI Global historical prices to predict the future CI Global's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | (18.39) |
CI Global Health Backtested Returns
CI Global Health retains Efficiency (Sharpe Ratio) of -0.2, which signifies that the fund had a -0.2% return per unit of price deviation over the last 3 months. CI Global exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CI Global's Information Ratio of (0.35), variance of 0.4672, and Market Risk Adjusted Performance of (18.38) to double-check the risk estimate we provide. The fund owns a Beta (Systematic Risk) of 0.0068, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CI Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding CI Global is expected to be smaller as well.
Auto-correlation | -0.14 |
Insignificant reverse predictability
CI Global Health has insignificant reverse predictability. Overlapping area represents the amount of predictability between CI Global time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of CI Global Health price movement. The serial correlation of -0.14 indicates that less than 14.0% of current CI Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 2.78 |
CI Global Health lagged returns against current returns
Autocorrelation, which is CI Global fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting CI Global's fund expected returns. We can calculate the autocorrelation of CI Global returns to help us make a trade decision. For example, suppose you find that CI Global has exhibited high autocorrelation historically, and you observe that the fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
CI Global regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If CI Global fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CI Global fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CI Global fund over time.
Current vs Lagged Prices |
| Timeline |
CI Global Lagged Returns
When evaluating CI Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CI Global fund have on its future price. CI Global autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, CI Global autocorrelation shows the relationship between CI Global fund current value and its past values and can show if there is a momentum factor associated with investing in CI Global Health.
Regressed Prices |
| Timeline |
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 against 0P000070H9 Fund
| 0.87 | 0P0001FKWD | CI Signature Cat | PairCorr |
| 0.87 | 0P0001AAKP | CI Signature Cat | PairCorr |
| 0.87 | 0P000070HA | CI Global Alpha | PairCorr |
| 0.84 | 0P0000733H | RBC Global Technology | PairCorr |
| 0.81 | 0P000070JI | Fidelity Technology | PairCorr |
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 Health 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 Health 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 0P000070H9 Fund
CI Global financial ratios help investors to determine whether 0P000070H9 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 0P000070H9 with respect to the benefits of owning CI Global security.
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