CI Global Correlations

The current 90-days correlation between CI Global Infrastructure and Manulife Multifactor Canadian is -0.03 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CI Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CI Global Infrastructure moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

CI Global Correlation With Market

Average diversification

The correlation between CI Global Infrastructure and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CI Global Infrastructure and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to CI Global 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 Global 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 Global - 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 Global Infrastructure to buy it.

Moving together with CINF Etf

0.61	RIIN	Russell Investments	Pair Corr
0.73	CIF	iShares Global Infra	Pair Corr
0.66	NREA	NBI Global Real	Pair Corr
0.63	DXN	Dynamic Active Global	Pair Corr
0.77	ZAG	BMO Aggregate Bond	Pair Corr
0.79	XBB	iShares Canadian Universe	Pair Corr
0.75	TCLB	TD Canadian Long	Pair Corr

Moving against CINF Etf

0.7	ZEB	BMO SPTSX Equal	Pair Corr
0.54	XIU	iShares SPTSX 60	Pair Corr
0.53	XIC	iShares Core SPTSX	Pair Corr
0.53	ZCN	BMO SPTSX Capped	Pair Corr
0.41	PFLS	Picton Mahoney Fortified	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.62	0.37	-0.51	0.31	-0.31	0.32	-0.24	-0.36	-0.46	META
MSFT	0.62		0.84	-0.53	0.45	-0.02	-0.03	-0.52	-0.82	-0.65	MSFT
UBER	0.37	0.84		-0.54	0.5	0.22	-0.23	-0.53	-0.82	-0.62	UBER
F	-0.51	-0.53	-0.54		-0.69	0.17	0.33	0.65	0.68	0.78	F
T	0.31	0.45	0.5	-0.69		0.24	-0.62	-0.72	-0.47	-0.6	T
A	-0.31	-0.02	0.22	0.17	0.24		-0.48	-0.19	0.02	0.01	A
CRM	0.32	-0.03	-0.23	0.33	-0.62	-0.48		0.55	0.27	0.32	CRM
JPM	-0.24	-0.52	-0.53	0.65	-0.72	-0.19	0.55		0.7	0.71	JPM
MRK	-0.36	-0.82	-0.82	0.68	-0.47	0.02	0.27	0.7		0.8	MRK
XOM	-0.46	-0.65	-0.62	0.78	-0.6	0.01	0.32	0.71	0.8		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

UBER	+ 0.84	MSFT
XOM	+ 0.8	MRK
XOM	+ 0.78	F
XOM	+ 0.71	JPM
MRK	+ 0.7	JPM
MRK	+ 0.68	F

High negative correlations

MRK	- 0.82	UBER
MRK	- 0.82	MSFT
JPM	- 0.72	T
T	- 0.69	F
XOM	- 0.65	MSFT
CRM	- 0.62	T

CI Global Competition Risk-Adjusted Indicators

There is a big difference between CINF Etf performing well and CI Global ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze CI Global's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
META	1.37	(0.24)	0.00	(0.16)	0.00	0.00	2.30	(2.72)	13.52
MSFT	0.91	(0.19)	0.00	(0.29)	0.00	0.00	1.65	(2.50)	4.90
UBER	1.53	(0.32)	0.00	(0.22)	0.00	0.00	2.60	(3.82)	10.23
F	1.44	0.27	0.14	1.03	1.32	(1.68)	3.38	(2.35)	16.30
T	0.88	(0.12)	0.00	5.02	0.00	0.00	1.63	(1.85)	5.74
A	1.12	(0.02)	(0.01)	0.07	1.28	(1.20)	2.34	(2.22)	6.50
CRM	1.52	0.05	0.02	0.15	1.89	(1.56)	3.66	(2.92)	9.91
JPM	1.12	(0.01)	0.01	0.08	1.44	(1.17)	2.34	(2.28)	7.02
MRK	1.21	0.30	0.22	0.46	1.04	(1.52)	3.59	(1.98)	8.09
XOM	1.04	0.11	0.04	0.43	1.07	(1.15)	2.21	(1.93)	5.82

CI Global Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with CI Global etf to make a market-neutral strategy. Peer analysis of CI Global could also be used in its relative valuation, which is a method of valuing CI Global by comparing valuation metrics with similar companies.

Manulife Multifactor Canadian BMO Dow Jones Global X SP iShares ESG Advanced iShares MSCI Min Desjardins Alt LongShort Harvest Equal Weight iShares SPTSX Completion iShares SP Mid Cap American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne

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