Ci Midcap Dividend Etf Market Value

UMI Etf  CAD 32.31  0.11  0.34%   
CI MidCap's market value is the price at which a share of CI MidCap trades on a public exchange. It measures the collective expectations of CI MidCap Dividend investors about its performance. CI MidCap is selling at 32.31 as of the 15th of March 2025; that is 0.34 percent increase since the beginning of the trading day. The etf's open price was 32.2.
With this module, you can estimate the performance of a buy and hold strategy of CI MidCap Dividend and determine expected loss or profit from investing in CI MidCap over a given investment horizon. Check out CI MidCap Correlation, CI MidCap Volatility and CI MidCap Alpha and Beta module to complement your research on CI MidCap.
Symbol

Please note, there is a significant difference between CI MidCap's value and its price as these two are different measures arrived at by different means. Investors typically determine if CI MidCap is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CI MidCap'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 MidCap '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 MidCap'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 MidCap.
0.00
12/15/2024
No Change 0.00  0.0 
In 3 months and 1 day
03/15/2025
0.00
If you would invest  0.00  in CI MidCap on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding CI MidCap Dividend or generate 0.0% return on investment in CI MidCap over 90 days. CI MidCap is related to or competes with CI ONE, and CI Canadian. The ETF seeks to track, to the extent possible, the price and yield performance of the WisdomTree U.S More

CI MidCap 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 MidCap'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 MidCap Dividend upside and downside potential and time the market with a certain degree of confidence.

CI MidCap Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for CI MidCap's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CI MidCap's standard deviation. In reality, there are many statistical measures that can use CI MidCap historical prices to predict the future CI MidCap's volatility.
Hype
Prediction
LowEstimatedHigh
31.2332.3133.39
Details
Intrinsic
Valuation
LowRealHigh
31.5732.6533.73
Details

CI MidCap Dividend Backtested Returns

CI MidCap Dividend retains Efficiency (Sharpe Ratio) of -0.12, which signifies that the etf had a -0.12 % return per unit of price deviation over the last 3 months. CI MidCap exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CI MidCap's Variance of 1.11, information ratio of (0.05), and Market Risk Adjusted Performance of (0.35) to double-check the risk estimate we provide. 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 MidCap's returns are expected to increase less than the market. However, during the bear market, the loss of holding CI MidCap is expected to be smaller as well.

Auto-correlation

    
  -0.47  

Modest reverse predictability

CI MidCap Dividend has modest reverse predictability. Overlapping area represents the amount of predictability between CI MidCap 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 MidCap Dividend price movement. The serial correlation of -0.47 indicates that about 47.0% of current CI MidCap price fluctuation can be explain by its past prices.
Correlation Coefficient-0.47
Spearman Rank Test-0.25
Residual Average0.0
Price Variance0.47

CI MidCap Dividend lagged returns against current returns

Autocorrelation, which is CI MidCap 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 MidCap's etf expected returns. We can calculate the autocorrelation of CI MidCap returns to help us make a trade decision. For example, suppose you find that CI MidCap 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 MidCap 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 MidCap etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CI MidCap etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CI MidCap etf over time.
   Current vs Lagged Prices   
       Timeline  

CI MidCap Lagged Returns

When evaluating CI MidCap's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CI MidCap etf have on its future price. CI MidCap 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 MidCap autocorrelation shows the relationship between CI MidCap etf current value and its past values and can show if there is a momentum factor associated with investing in CI MidCap Dividend.
   Regressed Prices   
       Timeline  

Other Information on Investing in UMI Etf

CI MidCap financial ratios help investors to determine whether UMI 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 UMI with respect to the benefits of owning CI MidCap security.