Cibc Qx International Etf Market Value
| CQLI Etf | 21.25 0.15 0.71% |
| Symbol | CIBC |
Please note, there is a significant difference between CIBC Qx's value and its price as these two are different measures arrived at by different means. Investors typically determine if CIBC Qx is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CIBC Qx'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 Qx '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 Qx'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 Qx.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in CIBC Qx on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding CIBC Qx International or generate 0.0% return on investment in CIBC Qx over 30 days. CIBC Qx is related to or competes with CIBC Core, CIBC Canadian, CIBC Conservative, and CIBC Global. CIBC Qx is entity of Canada. It is traded as Etf on NEO exchange. More
CIBC Qx 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 Qx'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 Qx International upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.33) | |||
| Maximum Drawdown | 2.93 | |||
| Value At Risk | (0.55) | |||
| Potential Upside | 0.7109 |
CIBC Qx Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CIBC Qx's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CIBC Qx's standard deviation. In reality, there are many statistical measures that can use CIBC Qx historical prices to predict the future CIBC Qx's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | 0.2774 |
CIBC Qx International Backtested Returns
CIBC Qx International retains Efficiency (Sharpe Ratio) of -0.0037, which signifies that the etf had a -0.0037% return per unit of risk over the last 3 months. CIBC Qx exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CIBC Qx's variance of 0.1488, and Market Risk Adjusted Performance of 0.2874 to double-check the risk estimate we provide. The etf owns a Beta (Systematic Risk) of -0.0411, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning CIBC Qx are expected to decrease at a much lower rate. During the bear market, CIBC Qx is likely to outperform the market.
Auto-correlation | -0.42 |
Modest reverse predictability
CIBC Qx International has modest reverse predictability. Overlapping area represents the amount of predictability between CIBC Qx time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd 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 CIBC Qx International price movement. The serial correlation of -0.42 indicates that just about 42.0% of current CIBC Qx price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
CIBC Qx International lagged returns against current returns
Autocorrelation, which is CIBC Qx 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 Qx's etf expected returns. We can calculate the autocorrelation of CIBC Qx returns to help us make a trade decision. For example, suppose you find that CIBC Qx 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 Qx 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 Qx etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CIBC Qx etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CIBC Qx etf over time.
Current vs Lagged Prices |
| Timeline |
CIBC Qx Lagged Returns
When evaluating CIBC Qx's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CIBC Qx etf have on its future price. CIBC Qx 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 Qx autocorrelation shows the relationship between CIBC Qx etf current value and its past values and can show if there is a momentum factor associated with investing in CIBC Qx International.
Regressed Prices |
| Timeline |
Other Information on Investing in CIBC Etf
CIBC Qx 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 Qx security.