Ci Preferred Share Etf Market Value
| FPR Etf | CAD 22.59 0.01 0.04% |
| 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.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in CI Preferred on December 12, 2022 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 720 days. CI Preferred is related to or competes with BMO Covered, IShares Canadian, PHN Multi, and Altagas Cum. 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 | 0.4298 | |||
| Information Ratio | (0.33) | |||
| Maximum Drawdown | 1.81 | |||
| Value At Risk | (0.57) | |||
| Potential Upside | 0.4885 |
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 | 0.0199 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.29) | |||
| Treynor Ratio | 0.0661 |
CI Preferred Share Backtested Returns
As of now, FPR Etf is very steady. CI Preferred Share retains Efficiency (Sharpe Ratio) of 0.0184, which signifies that the etf had a 0.0184% 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 0.0761, standard deviation of 0.3738, and Coefficient Of Variation of 2519.04 to double-check if the risk estimate we provide is consistent with the expected return of 0.0069%. The etf owns a Beta (Systematic Risk) of 0.0732, 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 | -0.63 |
Very good reverse predictability
CI Preferred Share has very good reverse predictability. Overlapping area represents the amount of predictability between CI Preferred time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st 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 Preferred Share price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current CI Preferred price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 1.2 |
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 |
Pair Trading with CI Preferred
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 Preferred 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 Preferred will appreciate offsetting losses from the drop in the long position's value.Moving together with FPR Etf
Moving against FPR Etf
| 0.38 | CBCX | CI Galaxy Blockchain | PairCorr |
| 0.38 | BTCY | Purpose Bitcoin Yield | PairCorr |
| 0.37 | FBTC | Fidelity Advantage | PairCorr |
| 0.37 | BTCQ | 3iQ Bitcoin ETF | PairCorr |
| 0.36 | EBIT | Bitcoin ETF CAD | PairCorr |
The ability to find closely correlated positions to CI Preferred 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 Preferred 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 Preferred - 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 Preferred Share to buy it.
The correlation of CI Preferred 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 Preferred moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CI Preferred Share 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 Preferred 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 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.