Edgepoint Cdn Growth Fund Market Value
| 0P0000JO4R | 30.60 0.19 0.62% |
| Symbol | Edgepoint |
Edgepoint Cdn '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 Edgepoint Cdn'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 Edgepoint Cdn.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Edgepoint Cdn on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Edgepoint Cdn Growth or generate 0.0% return on investment in Edgepoint Cdn over 90 days.
Edgepoint Cdn 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 Edgepoint Cdn'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 Edgepoint Cdn Growth upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0723 | |||
| Maximum Drawdown | 2.2 | |||
| Value At Risk | (1.01) | |||
| Potential Upside | 0.6612 |
Edgepoint Cdn Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Edgepoint Cdn's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Edgepoint Cdn's standard deviation. In reality, there are many statistical measures that can use Edgepoint Cdn historical prices to predict the future Edgepoint Cdn's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.01) | |||
| Treynor Ratio | (22.41) |
Edgepoint Cdn Growth Backtested Returns
Edgepoint Cdn Growth secures Sharpe Ratio (or Efficiency) of -0.1, which denotes the fund had a -0.1 % return per unit of risk over the last 3 months. Edgepoint Cdn Growth exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Edgepoint Cdn's Standard Deviation of 0.5161, variance of 0.2664, and Mean Deviation of 0.4329 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.0032, which means not very significant fluctuations relative to the market. As returns on the market increase, Edgepoint Cdn's returns are expected to increase less than the market. However, during the bear market, the loss of holding Edgepoint Cdn is expected to be smaller as well.
Auto-correlation | -0.58 |
Good reverse predictability
Edgepoint Cdn Growth has good reverse predictability. Overlapping area represents the amount of predictability between Edgepoint Cdn time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 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 Edgepoint Cdn Growth price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Edgepoint Cdn price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Edgepoint Cdn Growth lagged returns against current returns
Autocorrelation, which is Edgepoint Cdn 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 Edgepoint Cdn's fund expected returns. We can calculate the autocorrelation of Edgepoint Cdn returns to help us make a trade decision. For example, suppose you find that Edgepoint Cdn 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 |
Edgepoint Cdn 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 Edgepoint Cdn fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Edgepoint Cdn fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Edgepoint Cdn fund over time.
Current vs Lagged Prices |
| Timeline |
Edgepoint Cdn Lagged Returns
When evaluating Edgepoint Cdn's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Edgepoint Cdn fund have on its future price. Edgepoint Cdn 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, Edgepoint Cdn autocorrelation shows the relationship between Edgepoint Cdn fund current value and its past values and can show if there is a momentum factor associated with investing in Edgepoint Cdn Growth.
Regressed Prices |
| Timeline |
Pair Trading with Edgepoint Cdn
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 Edgepoint Cdn 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 Edgepoint Cdn will appreciate offsetting losses from the drop in the long position's value.Moving together with Edgepoint Fund
| 0.81 | 0P0000IUYO | Edgepoint Global Por | PairCorr |
| 0.87 | 0P0001FAU8 | TD Comfort Balanced | PairCorr |
The ability to find closely correlated positions to Edgepoint Cdn could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Edgepoint Cdn 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 Edgepoint Cdn - 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 Edgepoint Cdn Growth to buy it.
The correlation of Edgepoint Cdn 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 Edgepoint Cdn moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Edgepoint Cdn 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 Edgepoint Cdn 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.| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
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