Cdspi Global Growth Fund Market Value
| 0P000077R7 | CAD 60.64 0.02 0.03% |
| Symbol | CDSPI |
CDSPI 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 CDSPI 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 CDSPI Global.
| 12/09/2024 |
| 01/08/2025 |
If you would invest 0.00 in CDSPI Global on December 9, 2024 and sell it all today you would earn a total of 0.00 from holding CDSPI Global Growth or generate 0.0% return on investment in CDSPI Global over 30 days. CDSPI Global is related to or competes with RBC Global, Invesco Global, Manulife Global, CI Black, and TD Comfort. The objective of the fund is to achieve long term growth of capital through investments primarily in common stocks, incl... More
CDSPI 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 CDSPI 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 CDSPI Global Growth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8288 | |||
| Information Ratio | 0.1514 | |||
| Maximum Drawdown | 3.84 | |||
| Value At Risk | (1.36) | |||
| Potential Upside | 1.07 |
CDSPI Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CDSPI Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CDSPI Global's standard deviation. In reality, there are many statistical measures that can use CDSPI Global historical prices to predict the future CDSPI Global's volatility.| Risk Adjusted Performance | 0.1312 | |||
| Jensen Alpha | 0.1072 | |||
| Total Risk Alpha | 0.1077 | |||
| Sortino Ratio | 0.1301 | |||
| Treynor Ratio | (5.50) |
CDSPI Global Growth Backtested Returns
At this point, CDSPI Global is very steady. CDSPI Global Growth secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the fund had a 0.12% return per unit of volatility over the last 3 months. We have found twenty-seven technical indicators for CDSPI Global Growth, which you can use to evaluate the volatility of the entity. Please confirm CDSPI Global's risk adjusted performance of 0.1312, and Mean Deviation of 0.548 to double-check if the risk estimate we provide is consistent with the expected return of 0.0855%. The fund shows a Beta (market volatility) of -0.0195, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning CDSPI Global are expected to decrease at a much lower rate. During the bear market, CDSPI Global is likely to outperform the market.
Auto-correlation | -0.19 |
Insignificant reverse predictability
CDSPI Global Growth has insignificant reverse predictability. Overlapping area represents the amount of predictability between CDSPI Global time series from 9th of December 2024 to 24th of December 2024 and 24th of December 2024 to 8th 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 CDSPI Global Growth price movement. The serial correlation of -0.19 indicates that over 19.0% of current CDSPI Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
CDSPI Global Growth lagged returns against current returns
Autocorrelation, which is CDSPI 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 CDSPI Global's fund expected returns. We can calculate the autocorrelation of CDSPI Global returns to help us make a trade decision. For example, suppose you find that CDSPI 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 |
CDSPI 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 CDSPI Global fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CDSPI Global fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CDSPI Global fund over time.
Current vs Lagged Prices |
| Timeline |
CDSPI Global Lagged Returns
When evaluating CDSPI Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CDSPI Global fund have on its future price. CDSPI 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, CDSPI Global autocorrelation shows the relationship between CDSPI Global fund current value and its past values and can show if there is a momentum factor associated with investing in CDSPI Global Growth.
Regressed Prices |
| Timeline |
Pair Trading with CDSPI 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 CDSPI 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 CDSPI Global will appreciate offsetting losses from the drop in the long position's value.Moving together with CDSPI Fund
| 0.85 | 0P0000MOTX | Manulife Global Equity | PairCorr |
Moving against CDSPI Fund
| 0.45 | 0P0000S9O7 | PIMCO Monthly Income | PairCorr |
| 0.31 | 0P0000752C | CI Black Creek | PairCorr |
The ability to find closely correlated positions to CDSPI 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 CDSPI 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 CDSPI 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 CDSPI Global Growth to buy it.
The correlation of CDSPI 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 CDSPI Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CDSPI Global Growth 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 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 CDSPI Fund
CDSPI Global 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 Global security.
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