Ci Canada Quality Etf Market Value
| DGRC Etf | CAD 39.59 0.34 0.87% |
| Symbol | DGRC |
CI Canada '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 Canada'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 Canada.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in CI Canada on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding CI Canada Quality or generate 0.0% return on investment in CI Canada over 90 days. CI Canada is related to or competes with IShares Core, SPDR Portfolio, SPDR Portfolio, IShares Canadian, and IShares Global. TThe ETF seeks to track, to the extent possible, the price and yield performance of the WisdomTree Canada Quality Divide... More
CI Canada 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 Canada'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 Canada Quality upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1474 | |||
| Maximum Drawdown | 3.25 | |||
| Value At Risk | (1.30) | |||
| Potential Upside | 1.03 |
CI Canada Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CI Canada's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CI Canada's standard deviation. In reality, there are many statistical measures that can use CI Canada historical prices to predict the future CI Canada's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | 0.0229 | |||
| Total Risk Alpha | 0.081 | |||
| Treynor Ratio | (0.09) |
CI Canada Quality Backtested Returns
As of now, DGRC Etf is very steady. CI Canada Quality retains Efficiency (Sharpe Ratio) of 0.0339, which signifies that the etf had a 0.0339 % return per unit of price deviation over the last 3 months. We have found twenty-three technical indicators for CI Canada, which you can use to evaluate the volatility of the entity. Please confirm CI Canada's Information Ratio of 0.1474, variance of 0.4994, and Market Risk Adjusted Performance of (0.08) to double-check if the risk estimate we provide is consistent with the expected return of 0.0242%. The etf owns a Beta (Systematic Risk) of 0.43, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, CI Canada's returns are expected to increase less than the market. However, during the bear market, the loss of holding CI Canada is expected to be smaller as well.
Auto-correlation | -0.15 |
Insignificant reverse predictability
CI Canada Quality has insignificant reverse predictability. Overlapping area represents the amount of predictability between CI Canada time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 CI Canada Quality price movement. The serial correlation of -0.15 indicates that less than 15.0% of current CI Canada price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
CI Canada Quality lagged returns against current returns
Autocorrelation, which is CI Canada 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 Canada's etf expected returns. We can calculate the autocorrelation of CI Canada returns to help us make a trade decision. For example, suppose you find that CI Canada 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 Canada 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 Canada etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CI Canada etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CI Canada etf over time.
Current vs Lagged Prices |
| Timeline |
CI Canada Lagged Returns
When evaluating CI Canada's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CI Canada etf have on its future price. CI Canada 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 Canada autocorrelation shows the relationship between CI Canada etf current value and its past values and can show if there is a momentum factor associated with investing in CI Canada Quality.
Regressed Prices |
| Timeline |
Pair Trading with CI Canada
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 Canada 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 Canada will appreciate offsetting losses from the drop in the long position's value.Moving together with DGRC Etf
The ability to find closely correlated positions to CI Canada 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 Canada 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 Canada - 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 Canada Quality to buy it.
The correlation of CI Canada 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 Canada moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CI Canada Quality 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 Canada 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 DGRC Etf
CI Canada financial ratios help investors to determine whether DGRC 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 DGRC with respect to the benefits of owning CI Canada security.