Ci Preferred Share Etf Market Value
| FPR Etf | CAD 23.31 0.06 0.26% |
| Symbol | FPR |
CI Preferred '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 Preferred'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 Preferred.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in CI Preferred on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding CI Preferred Share or generate 0.0% return on investment in CI Preferred over 90 days. CI Preferred is related to or competes with Dynamic Active, CI Global, CI Enhanced, and First Asset. The First Asset Preferred Share ETFs investment objective is to provide Unitholders with regular distributions and the o... More
CI Preferred 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 Preferred'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 Preferred Share upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4456 | |||
| Information Ratio | 0.3377 | |||
| Maximum Drawdown | 2.54 | |||
| Value At Risk | (0.69) | |||
| Potential Upside | 0.6814 |
CI Preferred Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CI Preferred's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CI Preferred's standard deviation. In reality, there are many statistical measures that can use CI Preferred historical prices to predict the future CI Preferred's volatility.| Risk Adjusted Performance | 0.0826 | |||
| Jensen Alpha | 0.0403 | |||
| Total Risk Alpha | 0.0895 | |||
| Sortino Ratio | 0.325 | |||
| Treynor Ratio | 0.8704 |
CI Preferred Share Backtested Returns
As of now, FPR Etf is very steady. CI Preferred Share retains Efficiency (Sharpe Ratio) of 0.0261, which signifies that the etf had a 0.0261 % return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for CI Preferred, which you can use to evaluate the volatility of the entity. Please confirm CI Preferred's Market Risk Adjusted Performance of 0.8804, standard deviation of 0.4288, and Coefficient Of Variation of 936.79 to double-check if the risk estimate we provide is consistent with the expected return of 0.0105%. 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, CI Preferred's returns are expected to increase less than the market. However, during the bear market, the loss of holding CI Preferred is expected to be smaller as well.
Auto-correlation | -0.38 |
Poor reverse predictability
CI Preferred Share has poor reverse predictability. Overlapping area represents the amount of predictability between CI Preferred 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 Preferred Share price movement. The serial correlation of -0.38 indicates that just about 38.0% of current CI Preferred price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CI Preferred Share lagged returns against current returns
Autocorrelation, which is CI Preferred 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 Preferred's etf expected returns. We can calculate the autocorrelation of CI Preferred returns to help us make a trade decision. For example, suppose you find that CI Preferred 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 Preferred 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 Preferred etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CI Preferred etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CI Preferred etf over time.
Current vs Lagged Prices |
| Timeline |
CI Preferred Lagged Returns
When evaluating CI Preferred's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CI Preferred etf have on its future price. CI Preferred 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 Preferred autocorrelation shows the relationship between CI Preferred etf current value and its past values and can show if there is a momentum factor associated with investing in CI Preferred Share.
Regressed Prices |
| Timeline |
Other Information on Investing in FPR Etf
CI Preferred financial ratios help investors to determine whether FPR 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 FPR with respect to the benefits of owning CI Preferred security.