Ci Select Global Fund Market Value
| 0P000075PH | 29.23 0.30 1.04% |
| Symbol | 0P000075PH |
CI Select '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 Select'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 Select.
| 02/03/2023 |
| 01/23/2025 |
If you would invest 0.00 in CI Select on February 3, 2023 and sell it all today you would earn a total of 0.00 from holding CI Select Global or generate 0.0% return on investment in CI Select over 720 days.
CI Select 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 Select'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 Select Global upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7523 | |||
| Information Ratio | 0.0343 | |||
| Maximum Drawdown | 3.56 | |||
| Value At Risk | (1.22) | |||
| Potential Upside | 1.18 |
CI Select Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CI Select's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CI Select's standard deviation. In reality, there are many statistical measures that can use CI Select historical prices to predict the future CI Select's volatility.| Risk Adjusted Performance | 0.0861 | |||
| Jensen Alpha | 0.05 | |||
| Total Risk Alpha | 0.0309 | |||
| Sortino Ratio | 0.0314 | |||
| Treynor Ratio | 0.2018 |
CI Select Global Backtested Returns
At this point, CI Select is very steady. CI Select Global retains Efficiency (Sharpe Ratio) of 0.1, which signifies that the fund had a 0.1 % return per unit of price deviation over the last 3 months. We have found twenty-seven technical indicators for CI Select, which you can use to evaluate the volatility of the entity. Please confirm CI Select's Standard Deviation of 0.689, market risk adjusted performance of 0.2118, and Coefficient Of Variation of 961.5 to double-check if the risk estimate we provide is consistent with the expected return of 0.0717%. The fund owns a Beta (Systematic Risk) of 0.31, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, CI Select's returns are expected to increase less than the market. However, during the bear market, the loss of holding CI Select is expected to be smaller as well.
Auto-correlation | 0.73 |
Good predictability
CI Select Global has good predictability. Overlapping area represents the amount of predictability between CI Select time series from 3rd of February 2023 to 29th of January 2024 and 29th of January 2024 to 23rd of January 2025. 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 Select Global price movement. The serial correlation of 0.73 indicates that around 73.0% of current CI Select price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.39 |
CI Select Global lagged returns against current returns
Autocorrelation, which is CI Select 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 Select's fund expected returns. We can calculate the autocorrelation of CI Select returns to help us make a trade decision. For example, suppose you find that CI Select 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 Select 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 Select fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CI Select fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CI Select fund over time.
Current vs Lagged Prices |
| Timeline |
CI Select Lagged Returns
When evaluating CI Select's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CI Select fund have on its future price. CI Select 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 Select autocorrelation shows the relationship between CI Select fund current value and its past values and can show if there is a momentum factor associated with investing in CI Select Global.
Regressed Prices |
| Timeline |
Pair Trading with CI Select
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 Select 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 Select will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to CI Select 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 Select 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 Select - 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 Select Global to buy it.
The correlation of CI Select 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 Select moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CI Select Global 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 Select 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.| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences |