Ci Canada Quality Etf Market Value

DGRC Etf  CAD 39.06  0.18  0.46%   
CI Canada's market value is the price at which a share of CI Canada trades on a public exchange. It measures the collective expectations of CI Canada Quality investors about its performance. CI Canada is selling at 39.06 as of the 5th of March 2025; that is 0.46 percent decrease since the beginning of the trading day. The etf's open price was 39.24.
With this module, you can estimate the performance of a buy and hold strategy of CI Canada Quality and determine expected loss or profit from investing in CI Canada over a given investment horizon. Check out CI Canada Correlation, CI Canada Volatility and CI Canada Alpha and Beta module to complement your research on CI Canada.
Symbol

Please note, there is a significant difference between CI Canada's value and its price as these two are different measures arrived at by different means. Investors typically determine if CI Canada is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CI Canada'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 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.
0.00
03/16/2023
No Change 0.00  0.0 
In 1 year 11 months and 21 days
03/05/2025
0.00
If you would invest  0.00  in CI Canada on March 16, 2023 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 720 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.

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.
Hype
Prediction
LowEstimatedHigh
38.3739.0639.75
Details
Intrinsic
Valuation
LowRealHigh
38.4139.1039.79
Details
Naive
Forecast
LowNextHigh
38.0138.7139.40
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
38.2539.4540.65
Details

CI Canada Quality Backtested Returns

CI Canada Quality retains Efficiency (Sharpe Ratio) of -0.0741, which signifies that the etf had a -0.0741 % return per unit of price deviation over the last 3 months. CI Canada exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CI Canada's Information Ratio of 0.0619, market risk adjusted performance of (0.11), and Variance of 0.4547 to double-check the risk estimate we provide. The etf owns a Beta (Systematic Risk) of 0.4, 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

    
  0.56  

Modest predictability

CI Canada Quality has modest predictability. Overlapping area represents the amount of predictability between CI Canada time series from 16th of March 2023 to 10th of March 2024 and 10th of March 2024 to 5th 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 0.56 indicates that roughly 56.0% of current CI Canada price fluctuation can be explain by its past prices.
Correlation Coefficient0.56
Spearman Rank Test0.59
Residual Average0.0
Price Variance1.38

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

  0.88ZWC BMO Canadian HighPairCorr
  0.62XDV iShares Canadian SelectPairCorr
  0.67PDC Invesco Canadian DividendPairCorr
  0.82XEI iShares SPTSX CompositePairCorr

Moving against DGRC Etf

  0.82HXD BetaPro SPTSX 60PairCorr
  0.56HIU BetaPro SP 500PairCorr
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.
Pair CorrelationCorrelation Matching

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.