Ci Midcap Dividend Etf Market Value
| UMI Etf | CAD 32.31 0.11 0.34% |
| Symbol | UMI |
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.
| 12/15/2024 |
| 03/15/2025 |
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.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 5.56 | |||
| Value At Risk | (2.04) | |||
| Potential Upside | 1.17 |
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.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.03) | |||
| Treynor Ratio | (0.36) |
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, market risk adjusted performance of (0.35), and Information Ratio of (0.05) 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 Average | 0.0 | |
| Price Variance | 0.47 |
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.