Cdspi Corporate Bond Fund Market Value
| 0P0000JU3U | CAD 23.38 0.04 0.17% |
| Symbol | CDSPI |
CDSPI Corporate '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 Corporate'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 Corporate.
| 12/11/2024 |
| 01/10/2025 |
If you would invest 0.00 in CDSPI Corporate on December 11, 2024 and sell it all today you would earn a total of 0.00 from holding CDSPI Corporate Bond or generate 0.0% return on investment in CDSPI Corporate over 30 days. CDSPI Corporate is related to or competes with IShares Canadian, PHN Multi, Altagas Cum, EcoSynthetix, and European Residential. The funds investment objective is to achieve a yield advantage by using fundamental value analysis to evaluate investmen... More
CDSPI Corporate 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 Corporate'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 Corporate Bond upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1704 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 0.9892 | |||
| Value At Risk | (0.22) | |||
| Potential Upside | 0.3047 |
CDSPI Corporate Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CDSPI Corporate's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CDSPI Corporate's standard deviation. In reality, there are many statistical measures that can use CDSPI Corporate historical prices to predict the future CDSPI Corporate's volatility.| Risk Adjusted Performance | 0.0732 | |||
| Jensen Alpha | 0.0127 | |||
| Total Risk Alpha | 0.0094 | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.8434 |
CDSPI Corporate Bond Backtested Returns
CDSPI Corporate is very steady at the moment. CDSPI Corporate Bond secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the fund had a 0.16% return per unit of volatility over the last 3 months. We have found twenty-seven technical indicators for CDSPI Corporate Bond, which you can use to evaluate the volatility of the entity. Please confirm CDSPI Corporate's mean deviation of 0.1177, and Risk Adjusted Performance of 0.0732 to double-check if the risk estimate we provide is consistent with the expected return of 0.025%. The fund shows a Beta (market volatility) of 0.0154, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CDSPI Corporate's returns are expected to increase less than the market. However, during the bear market, the loss of holding CDSPI Corporate is expected to be smaller as well.
Auto-correlation | 0.21 |
Weak predictability
CDSPI Corporate Bond has weak predictability. Overlapping area represents the amount of predictability between CDSPI Corporate time series from 11th of December 2024 to 26th of December 2024 and 26th of December 2024 to 10th 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 Corporate Bond price movement. The serial correlation of 0.21 indicates that over 21.0% of current CDSPI Corporate price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | -0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CDSPI Corporate Bond lagged returns against current returns
Autocorrelation, which is CDSPI Corporate 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 Corporate's fund expected returns. We can calculate the autocorrelation of CDSPI Corporate returns to help us make a trade decision. For example, suppose you find that CDSPI Corporate 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 Corporate 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 Corporate fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CDSPI Corporate fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CDSPI Corporate fund over time.
Current vs Lagged Prices |
| Timeline |
CDSPI Corporate Lagged Returns
When evaluating CDSPI Corporate's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CDSPI Corporate fund have on its future price. CDSPI Corporate 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 Corporate autocorrelation shows the relationship between CDSPI Corporate fund current value and its past values and can show if there is a momentum factor associated with investing in CDSPI Corporate Bond.
Regressed Prices |
| Timeline |
Pair Trading with CDSPI Corporate
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 Corporate 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 Corporate will appreciate offsetting losses from the drop in the long position's value.Moving together with CDSPI Fund
The ability to find closely correlated positions to CDSPI Corporate 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 Corporate 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 Corporate - 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 Corporate Bond to buy it.
The correlation of CDSPI Corporate 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 Corporate moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CDSPI Corporate Bond 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 Corporate 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 Corporate 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 Corporate security.
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