Cibc Canadian Equity Etf Market Value
| CCEI Etf | CAD 26.76 0.34 1.29% |
| Symbol | CIBC |
CIBC Canadian '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 CIBC Canadian's etf 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 CIBC Canadian.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in CIBC Canadian on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding CIBC Canadian Equity or generate 0.0% return on investment in CIBC Canadian over 90 days. CIBC Canadian is related to or competes with CIBC Core, CIBC Conservative, and CIBC Global. CIBC CANADIAN is traded on Toronto Stock Exchange in Canada. More
CIBC Canadian 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 CIBC Canadian's etf 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 CIBC Canadian Equity upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0649 | |||
| Maximum Drawdown | 3.07 | |||
| Value At Risk | (1.52) | |||
| Potential Upside | 1.06 |
CIBC Canadian Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CIBC Canadian's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CIBC Canadian's standard deviation. In reality, there are many statistical measures that can use CIBC Canadian historical prices to predict the future CIBC Canadian's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | 0.0138 | |||
| Total Risk Alpha | 0.0437 | |||
| Treynor Ratio | (0.09) |
CIBC Canadian Equity Backtested Returns
CIBC Canadian Equity retains Efficiency (Sharpe Ratio) of -0.0307, which signifies that the etf had a -0.0307 % return per unit of risk over the last 3 months. CIBC Canadian exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CIBC Canadian's market risk adjusted performance of (0.08), and Variance of 0.6451 to double-check the risk estimate we provide. The etf owns a Beta (Systematic Risk) of 0.65, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, CIBC Canadian's returns are expected to increase less than the market. However, during the bear market, the loss of holding CIBC Canadian is expected to be smaller as well.
Auto-correlation | -0.7 |
Very good reverse predictability
CIBC Canadian Equity has very good reverse predictability. Overlapping area represents the amount of predictability between CIBC Canadian time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 CIBC Canadian Equity price movement. The serial correlation of -0.7 indicates that around 70.0% of current CIBC Canadian price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.23 |
CIBC Canadian Equity lagged returns against current returns
Autocorrelation, which is CIBC Canadian etf'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 CIBC Canadian's etf expected returns. We can calculate the autocorrelation of CIBC Canadian returns to help us make a trade decision. For example, suppose you find that CIBC Canadian has exhibited high autocorrelation historically, and you observe that the etf 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 |
CIBC Canadian 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 CIBC Canadian etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CIBC Canadian etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CIBC Canadian etf over time.
Current vs Lagged Prices |
| Timeline |
CIBC Canadian Lagged Returns
When evaluating CIBC Canadian's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CIBC Canadian etf have on its future price. CIBC Canadian 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, CIBC Canadian autocorrelation shows the relationship between CIBC Canadian etf current value and its past values and can show if there is a momentum factor associated with investing in CIBC Canadian Equity.
Regressed Prices |
| Timeline |
Other Information on Investing in CIBC Etf
CIBC Canadian financial ratios help investors to determine whether CIBC Etf 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 CIBC with respect to the benefits of owning CIBC Canadian security.