Canadian High Income Fund Market Value
| CIQ-UN Fund | CAD 7.00 0.00 0.00% |
| Symbol | Canadian |
Canadian High '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 Canadian High'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 Canadian High.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Canadian High on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Canadian High Income or generate 0.0% return on investment in Canadian High over 30 days. Canadian High is related to or competes with Blue Ribbon, MINT Income, Energy Income, Brompton Lifeco, and Prime Dividend. Canadian High Income Equity Fund is a closed-ended equity mutual fund launched by Brompton Funds Limited More
Canadian High 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 Canadian High'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 Canadian High Income upside and downside potential and time the market with a certain degree of confidence.
Canadian High Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Canadian High's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Canadian High's standard deviation. In reality, there are many statistical measures that can use Canadian High historical prices to predict the future Canadian High's volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Canadian High's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Canadian High Income Backtested Returns
We have found three technical indicators for Canadian High Income, which you can use to evaluate the volatility of the entity. The fund shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and Canadian High are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Canadian High Income has no correlation between past and present. Overlapping area represents the amount of predictability between Canadian High time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Canadian High Income price movement. The serial correlation of 0.0 indicates that just 0.0% of current Canadian High price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Canadian High Income lagged returns against current returns
Autocorrelation, which is Canadian High 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 Canadian High's fund expected returns. We can calculate the autocorrelation of Canadian High returns to help us make a trade decision. For example, suppose you find that Canadian High 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 |
Canadian High 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 Canadian High fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Canadian High fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Canadian High fund over time.
Current vs Lagged Prices |
| Timeline |
Canadian High Lagged Returns
When evaluating Canadian High's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Canadian High fund have on its future price. Canadian High 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, Canadian High autocorrelation shows the relationship between Canadian High fund current value and its past values and can show if there is a momentum factor associated with investing in Canadian High Income.
Regressed Prices |
| Timeline |
Pair Trading with Canadian High
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 Canadian High 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 Canadian High will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Canadian High could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canadian High 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 Canadian High - 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 Canadian High Income to buy it.
The correlation of Canadian High 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 Canadian High moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canadian High Income 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 Canadian High 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 Canadian Fund
Canadian High financial ratios help investors to determine whether Canadian 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 Canadian with respect to the benefits of owning Canadian High security.
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