CI Galaxy Correlations

CBCX Etf

40.49 2.12 5.53%

The current 90-days correlation between CI Galaxy Blockchain and NBI High Yield is 0.04 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CI Galaxy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CI Galaxy Blockchain moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

CI Galaxy Correlation With Market

Significant diversification

The correlation between CI Galaxy Blockchain and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CI Galaxy Blockchain and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to CI Galaxy 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 Galaxy 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 Galaxy - 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 Galaxy Blockchain to buy it.

Moving together with CBCX Etf

0.77	ZCLN	BMO Clean Energy	Pair Corr
0.97	HCLN	Harvest Clean Energy	Pair Corr
0.65	FHF	First Trust Nasdaq	Pair Corr
0.61	HUC	Global X Crude	Pair Corr
0.89	FHE	First Trust Indxx	Pair Corr
0.82	ZWP	BMO Europe High	Pair Corr
0.87	ZRE	BMO Equal Weight	Pair Corr
0.93	XIC	iShares Core SPTSX	Pair Corr
0.9	FBAL	Fidelity All in	Pair Corr
0.89	VI	Vanguard FTSE Developed	Pair Corr
0.93	HXS	Global X SP	Pair Corr
0.92	ACZ	Middlefield Equity	Pair Corr
0.92	VBAL	Vanguard Balanced	Pair Corr
0.92	ZBAL	BMO Balanced ETF	Pair Corr
0.85	PRA	Purpose Diversified Real	Pair Corr
0.88	FSF	CI Global Financial	Pair Corr

Moving against CBCX Etf

0.92	HIU	BetaPro SP 500	Pair Corr
0.91	HXD	BetaPro SPTSX 60	Pair Corr
0.9	HQD	BetaPro NASDAQ 100	Pair Corr
0.79	HED	BetaPro SPTSX Capped	Pair Corr

Related Correlations Analysis

	CBCX	NHYB	AGLB	NUBF	QDXB	ZSB	CNDD	SPYD	ZXLY-F
CBCX		0.89	0.0	0.82	-0.06	0.52	-0.91	0.05	0.89	CBCX
NHYB	0.89		0.0	0.88	0.16	0.74	-0.95	0.19	0.91	NHYB
AGLB	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	AGLB
NUBF	0.82	0.88	0.0		0.29	0.69	-0.89	0.27	0.81	NUBF
QDXB	-0.06	0.16	0.0	0.29		0.38	-0.07	0.08	-0.1	QDXB
ZSB	0.52	0.74	0.0	0.69	0.38		-0.66	0.15	0.61	ZSB
CNDD	-0.91	-0.95	0.0	-0.89	-0.07	-0.66		-0.33	-0.95	CNDD
SPYD	0.05	0.19	0.0	0.27	0.08	0.15	-0.33		0.27	SPYD
ZXLY-F	0.89	0.91	0.0	0.81	-0.1	0.61	-0.95	0.27		ZXLY-F
	CBCX	NHYB	AGLB	NUBF	QDXB	ZSB	CNDD	SPYD	ZXLY-F

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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

ZXLY-F	+ 0.91	NHYB
NHYB	+ 0.89	CBCX
ZXLY-F	+ 0.89	CBCX
NUBF	+ 0.88	NHYB
NUBF	+ 0.82	CBCX
ZXLY-F	+ 0.81	NUBF

High negative correlations

ZXLY-F	- 0.95	CNDD
CNDD	- 0.95	NHYB
CNDD	- 0.91	CBCX
CNDD	- 0.89	NUBF
CNDD	- 0.66	ZSB
SPYD	- 0.33	CNDD

CI Galaxy Constituents Risk-Adjusted Indicators

There is a big difference between CBCX Etf performing well and CI Galaxy 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 Galaxy'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
CBCX	2.67	0.95	0.27	3.74	2.34	(3.24)	7.49	(3.97)	18.03
NHYB	0.32	0.06	(0.17)	10.91	0.20	(0.47)	0.87	(0.51)	2.74
AGLB	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NUBF	0.28	0.04	(0.21)	(9.42)	0.21	(0.32)	0.67	(0.66)	1.64
QDXB	0.24	0.01	(0.38)	0.00	0.31	(0.25)	0.50	(0.58)	1.53
ZSB	0.08	(0.01)	(1.19)	(0.49)	0.07	(0.10)	0.19	(0.18)	0.45
CNDD	0.76	(0.36)	0.00	13.24	0.00	0.00	1.14	(1.77)	4.13
SPYD	1.41	(0.55)	0.00	3.57	0.00	0.00	1.75	(4.82)	9.60
ZXLY-F	0.87	0.14	0.08	0.33	0.86	(0.95)	1.81	(1.58)	7.41

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Our tools can tell you how much better you can do entering a position in CI Galaxy 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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