Ci Galaxy Multi Crypto Etf Market Value
| CMCX-B Etf | 15.95 0.30 1.85% |
| Symbol | CMCX-B |
Please note, there is a significant difference between CI Galaxy's value and its price as these two are different measures arrived at by different means. Investors typically determine if CI Galaxy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CI Galaxy'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.
CI Galaxy '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 CI Galaxy'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 CI Galaxy.
| 11/21/2024 |
| 12/21/2024 |
If you would invest 0.00 in CI Galaxy on November 21, 2024 and sell it all today you would earn a total of 0.00 from holding CI Galaxy Multi Crypto or generate 0.0% return on investment in CI Galaxy over 30 days. CI Galaxy is related to or competes with IShares SPTSX, IShares Core, IShares Core, BMO Aggregate, IShares Canadian, BMO SPTSX, and BMO SP. CI Galaxy is entity of Canada. It is traded as Etf on TO exchange. More
CI Galaxy 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 CI Galaxy'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 CI Galaxy Multi Crypto upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.46 | |||
| Information Ratio | 0.1935 | |||
| Maximum Drawdown | 19.55 | |||
| Value At Risk | (3.79) | |||
| Potential Upside | 4.41 |
CI Galaxy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CI Galaxy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CI Galaxy's standard deviation. In reality, there are many statistical measures that can use CI Galaxy historical prices to predict the future CI Galaxy's volatility.| Risk Adjusted Performance | 0.1691 | |||
| Jensen Alpha | 0.5829 | |||
| Total Risk Alpha | 0.5211 | |||
| Sortino Ratio | 0.2375 | |||
| Treynor Ratio | 0.5915 |
CI Galaxy Multi Backtested Returns
CI Galaxy appears to be not too volatile, given 3 months investment horizon. CI Galaxy Multi retains Efficiency (Sharpe Ratio) of 0.19, which signifies that the etf had a 0.19% return per unit of price deviation over the last 3 months. By evaluating CI Galaxy's technical indicators, you can evaluate if the expected return of 0.59% is justified by implied risk. Please makes use of CI Galaxy's Coefficient Of Variation of 489.85, standard deviation of 3.02, and Market Risk Adjusted Performance of 0.6015 to double-check if our risk estimates are consistent with your expectations. The etf owns a Beta (Systematic Risk) of 1.02, which signifies a somewhat significant risk relative to the market. CI Galaxy returns are very sensitive to returns on the market. As the market goes up or down, CI Galaxy is expected to follow.
Auto-correlation | -0.17 |
Insignificant reverse predictability
CI Galaxy Multi Crypto has insignificant reverse predictability. Overlapping area represents the amount of predictability between CI Galaxy time series from 21st of November 2024 to 6th of December 2024 and 6th of December 2024 to 21st of December 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 CI Galaxy Multi price movement. The serial correlation of -0.17 indicates that over 17.0% of current CI Galaxy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.39 |
CI Galaxy Multi lagged returns against current returns
Autocorrelation, which is CI Galaxy 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 CI Galaxy's etf expected returns. We can calculate the autocorrelation of CI Galaxy returns to help us make a trade decision. For example, suppose you find that CI Galaxy 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 |
CI Galaxy 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 CI Galaxy etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CI Galaxy etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CI Galaxy etf over time.
Current vs Lagged Prices |
| Timeline |
CI Galaxy Lagged Returns
When evaluating CI Galaxy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CI Galaxy etf have on its future price. CI Galaxy 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, CI Galaxy autocorrelation shows the relationship between CI Galaxy etf current value and its past values and can show if there is a momentum factor associated with investing in CI Galaxy Multi Crypto.
Regressed Prices |
| Timeline |
Pair Trading with CI Galaxy
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 CI Galaxy 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 CI Galaxy will appreciate offsetting losses from the drop in the long position's value.Moving together with CMCX-B Etf
The ability to find closely correlated positions to CI Galaxy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CI Galaxy 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 CI Galaxy - 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 CI Galaxy Multi Crypto to buy it.
The correlation of CI Galaxy 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 CI Galaxy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CI Galaxy Multi 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 CI Galaxy 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 CMCX-B Etf
CI Galaxy financial ratios help investors to determine whether CMCX-B 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 CMCX-B with respect to the benefits of owning CI Galaxy security.