Cibc Clean Energy Etf Market Value
| CCLN Etf | 7.05 0.06 0.84% |
| Symbol | CIBC |
Please note, there is a significant difference between CIBC Clean's value and its price as these two are different measures arrived at by different means. Investors typically determine if CIBC Clean is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CIBC Clean's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
CIBC Clean '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 Clean'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 Clean.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in CIBC Clean on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding CIBC Clean Energy or generate 0.0% return on investment in CIBC Clean over 90 days. CIBC Clean is related to or competes with CIBC Core, CIBC Canadian, CIBC Conservative, and CIBC Global. More
CIBC Clean 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 Clean'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 Clean Energy upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 8.13 | |||
| Value At Risk | (2.88) | |||
| Potential Upside | 2.42 |
CIBC Clean Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CIBC Clean's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CIBC Clean's standard deviation. In reality, there are many statistical measures that can use CIBC Clean historical prices to predict the future CIBC Clean's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (0.89) |
CIBC Clean Energy Backtested Returns
CIBC Clean Energy retains Efficiency (Sharpe Ratio) of -0.16, which signifies that the etf had a -0.16 % return per unit of risk over the last 3 months. CIBC Clean exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CIBC Clean's market risk adjusted performance of (0.88), and Variance of 2.27 to double-check the risk estimate we provide. The etf owns a Beta (Systematic Risk) of 0.28, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CIBC Clean's returns are expected to increase less than the market. However, during the bear market, the loss of holding CIBC Clean is expected to be smaller as well.
Auto-correlation | 0.37 |
Below average predictability
CIBC Clean Energy has below average predictability. Overlapping area represents the amount of predictability between CIBC Clean 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 Clean Energy price movement. The serial correlation of 0.37 indicates that just about 37.0% of current CIBC Clean price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
CIBC Clean Energy lagged returns against current returns
Autocorrelation, which is CIBC Clean 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 Clean's etf expected returns. We can calculate the autocorrelation of CIBC Clean returns to help us make a trade decision. For example, suppose you find that CIBC Clean 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 Clean 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 Clean etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CIBC Clean etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CIBC Clean etf over time.
Current vs Lagged Prices |
| Timeline |
CIBC Clean Lagged Returns
When evaluating CIBC Clean's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CIBC Clean etf have on its future price. CIBC Clean 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 Clean autocorrelation shows the relationship between CIBC Clean etf current value and its past values and can show if there is a momentum factor associated with investing in CIBC Clean Energy.
Regressed Prices |
| Timeline |
Other Information on Investing in CIBC Etf
CIBC Clean 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 Clean security.