CI Global Correlations
| FSF Etf | CAD 35.96 0.03 0.08% |
The current 90-days correlation between CI Global Financial and Global X 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 Financial moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
CI Global Correlation With Market
Very poor diversification
The correlation between CI Global Financial and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CI Global Financial and DJI in the same portfolio, assuming nothing else is changed.
FSF |
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 Financial to buy it.
Moving together with FSF Etf
| 0.93 | ZEB | BMO SPTSX Equal | PairCorr |
| 0.94 | XFN | iShares SPTSX Capped | PairCorr |
| 0.89 | ZBK | BMO Equal Weight | PairCorr |
| 0.88 | HCA | Hamilton Canadian Bank | PairCorr |
| 0.94 | ZUB | BMO Equal Weight | PairCorr |
| 0.89 | ZWK | BMO Covered Call | PairCorr |
| 0.88 | CIC | CI Canadian Banks | PairCorr |
| 0.8 | FLI | CI Canada Lifeco | PairCorr |
| 0.78 | CEW | iShares Equal Weight | PairCorr |
| 0.88 | XIU | iShares SPTSX 60 | PairCorr |
| 0.72 | XSP | iShares Core SP | PairCorr |
| 0.86 | XIC | iShares Core SPTSX | PairCorr |
| 0.9 | ZCN | BMO SPTSX Capped | PairCorr |
Moving against FSF Etf
| 0.68 | TCLB | TD Canadian Long | PairCorr |
| 0.45 | ZAG | BMO Aggregate Bond | PairCorr |
| 0.43 | XBB | iShares Canadian Universe | PairCorr |
Related Correlations Analysis
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
| High negative correlations
|
CI Global Competition Risk-Adjusted Indicators
There is a big difference between FSF 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 | 1.44 | (0.12) | 0.00 | (1.43) | 0.00 | 3.16 | 13.02 | |||
| MSFT | 1.05 | (0.13) | 0.00 | 0.63 | 0.00 | 1.78 | 4.90 | |||
| UBER | 1.45 | (0.23) | 0.00 | (0.24) | 0.00 | 2.60 | 10.23 | |||
| F | 1.47 | 0.11 | 0.09 | 0.15 | 1.32 | 3.65 | 16.30 | |||
| T | 0.88 | (0.17) | 0.00 | (0.41) | 0.00 | 1.53 | 4.30 | |||
| A | 1.19 | (0.19) | 0.00 | (0.08) | 0.00 | 2.90 | 7.85 | |||
| CRM | 1.43 | (0.23) | 0.00 | (0.16) | 0.00 | 2.94 | 12.37 | |||
| JPM | 1.11 | (0.06) | (0.02) | 0.03 | 1.66 | 2.00 | 7.38 | |||
| MRK | 1.24 | 0.28 | 0.19 | 0.47 | 1.13 | 3.59 | 8.09 | |||
| XOM | 1.07 | 0.27 | 0.17 | 4.15 | 0.96 | 2.38 | 5.82 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in CI Global without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Pattern Recognition Now
Pattern RecognitionUse different Pattern Recognition models to time the market across multiple global exchanges |
| All Next | Launch Module |