CIBC Active Correlations

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CIBC Active moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CIBC Active Investment moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

The ability to find closely correlated positions to CIBC Active could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CIBC Active 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 CIBC Active - 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 CIBC Active Investment to buy it.

Moving together with CIBC Etf

0.96	XCB	iShares Core Canadian	Pair Corr
0.96	ZCM	BMO Mid Corporate	Pair Corr
0.92	HAB	Global X Active	Pair Corr
0.95	CBH	iShares 1 10Yr	Pair Corr
0.86	RQO	RBC Target 2026	Pair Corr
0.8	HURA	Global X Uranium	Pair Corr
0.64	HXE	Global X SPTSX	Pair Corr
0.65	XEG	iShares SPTSX Capped	Pair Corr
0.72	HFU	BetaPro SPTSX Capped	Pair Corr
0.73	ENCC	Global X Canadian	Pair Corr
0.69	ZEO	BMO Equal Weight	Pair Corr
0.72	HXU	BetaPro SP TSX	Pair Corr
0.83	JAPN	CI WisdomTree Japan	Pair Corr
0.71	HSU	BetaPro SP 500	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.74	0.84	0.81	0.41	0.94	0.34	0.95	0.17	0.4	META
MSFT	0.74		0.58	0.47	0.73	0.59	0.4	0.67	0.14	0.59	MSFT
UBER	0.84	0.58		0.9	0.23	0.82	0.59	0.89	0.18	0.34	UBER
F	0.81	0.47	0.9		0.19	0.87	0.36	0.9	0.31	0.43	F
T	0.41	0.73	0.23	0.19		0.31	0.22	0.34	0.28	0.43	T
A	0.94	0.59	0.82	0.87	0.31		0.25	0.93	0.29	0.43	A
CRM	0.34	0.4	0.59	0.36	0.22	0.25		0.32	-0.22	0.06	CRM
JPM	0.95	0.67	0.89	0.9	0.34	0.93	0.32		0.23	0.45	JPM
MRK	0.17	0.14	0.18	0.31	0.28	0.29	-0.22	0.23		0.47	MRK
XOM	0.4	0.59	0.34	0.43	0.43	0.43	0.06	0.45	0.47		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

JPM	+ 0.95	META
A	+ 0.94	META
JPM	+ 0.93	A
F	+ 0.9	UBER
JPM	+ 0.9	F
JPM	+ 0.89	UBER

High negative correlations

MRK

- 0.22

CRM

CIBC Active Competition Risk-Adjusted Indicators

There is a big difference between CIBC Etf performing well and CIBC Active 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 CIBC Active'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	1.56	0.50	0.17	(32.48)	1.06	(1.90)	3.99	(2.35)	10.48
MSFT	1.12	0.27	0.24	0.49	0.53	(1.34)	2.40	(1.22)	13.79
UBER	1.65	0.42	0.13	3.81	1.35	(2.15)	4.19	(2.54)	10.87
F	1.28	0.36	0.07	(3.03)	1.29	(1.47)	2.69	(2.24)	6.76
T	1.08	(0.01)	(0.14)	0.19	1.38	(1.09)	2.35	(2.35)	5.49
A	1.34	0.29	0.02	(2.56)	1.33	(1.51)	2.52	(2.46)	12.09
CRM	1.37	0.04	(0.11)	(0.55)	1.74	(1.37)	2.95	(3.19)	9.31
JPM	0.91	0.34	0.08	(7.38)	0.67	(1.03)	2.25	(1.36)	6.03
MRK	1.49	(0.12)	(0.08)	0.08	2.12	(1.44)	3.35	(4.13)	10.58
XOM	1.26	0.06	(0.02)	0.35	1.58	(1.28)	2.77	(2.58)	10.53

Be your own money manager

Our tools can tell you how much better you can do entering a position in CIBC Active 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.

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