Cdspi Sp 500 Fund Market Value
| 0P0000724E | CAD 71.71 0.46 0.65% |
| Symbol | CDSPI |
CDSPI SP '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 CDSPI SP's fund 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 CDSPI SP.
| 04/21/2025 |
| 07/20/2025 |
If you would invest 0.00 in CDSPI SP on April 21, 2025 and sell it all today you would earn a total of 0.00 from holding CDSPI SP 500 or generate 0.0% return on investment in CDSPI SP over 90 days. CDSPI SP is related to or competes with PHN Multi, RBC Dividend, Mawer Equity, and TD Index. The objective of this fund is to closely track the returns of the SP 500 Index More
CDSPI SP 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 CDSPI SP's fund 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 CDSPI SP 500 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.11 | |||
| Information Ratio | 0.0827 | |||
| Maximum Drawdown | 6.09 | |||
| Value At Risk | (1.52) | |||
| Potential Upside | 1.84 |
CDSPI SP Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CDSPI SP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CDSPI SP's standard deviation. In reality, there are many statistical measures that can use CDSPI SP historical prices to predict the future CDSPI SP's volatility.| Risk Adjusted Performance | 0.2063 | |||
| Jensen Alpha | 0.1099 | |||
| Total Risk Alpha | 0.072 | |||
| Sortino Ratio | 0.0761 | |||
| Treynor Ratio | 0.2668 |
CDSPI SP 500 Backtested Returns
CDSPI SP appears to be very steady, given 3 months investment horizon. CDSPI SP 500 secures Sharpe Ratio (or Efficiency) of 0.35, which signifies that the fund had a 0.35 % return per unit of volatility over the last 3 months. We have found twenty-eight technical indicators for CDSPI SP 500, which you can use to evaluate the volatility of the entity. Please makes use of CDSPI SP's risk adjusted performance of 0.2063, and Mean Deviation of 0.6916 to double-check if our risk estimates are consistent with your expectations. The fund shows a Beta (market volatility) of 0.81, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, CDSPI SP's returns are expected to increase less than the market. However, during the bear market, the loss of holding CDSPI SP is expected to be smaller as well.
Auto-correlation | 0.81 |
Very good predictability
CDSPI SP 500 has very good predictability. Overlapping area represents the amount of predictability between CDSPI SP time series from 21st of April 2025 to 5th of June 2025 and 5th of June 2025 to 20th of July 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 CDSPI SP 500 price movement. The serial correlation of 0.81 indicates that around 81.0% of current CDSPI SP price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 2.21 |
CDSPI SP 500 lagged returns against current returns
Autocorrelation, which is CDSPI SP fund'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 CDSPI SP's fund expected returns. We can calculate the autocorrelation of CDSPI SP returns to help us make a trade decision. For example, suppose you find that CDSPI SP has exhibited high autocorrelation historically, and you observe that the fund 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 |
CDSPI SP 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 CDSPI SP fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CDSPI SP fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CDSPI SP fund over time.
Current vs Lagged Prices |
| Timeline |
CDSPI SP Lagged Returns
When evaluating CDSPI SP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CDSPI SP fund have on its future price. CDSPI SP 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, CDSPI SP autocorrelation shows the relationship between CDSPI SP fund current value and its past values and can show if there is a momentum factor associated with investing in CDSPI SP 500.
Regressed Prices |
| Timeline |
Pair Trading with CDSPI SP
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if CDSPI SP position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in CDSPI SP will appreciate offsetting losses from the drop in the long position's value.Moving together with CDSPI Fund
| 1.0 | 0P0000OXA6 | PHN Multi Style | PairCorr |
| 0.99 | 0P000077P2 | RBC Dividend | PairCorr |
| 0.82 | 0P0000716B | Mawer Equity A | PairCorr |
| 1.0 | 0P000071W8 | TD Index Fund | PairCorr |
| 0.99 | 0P000070CY | CDSPI Canadian Equity | PairCorr |
The ability to find closely correlated positions to CDSPI SP could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CDSPI SP 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 CDSPI SP - 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 CDSPI SP 500 to buy it.
The correlation of CDSPI SP is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CDSPI SP moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CDSPI SP 500 moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for CDSPI SP can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in CDSPI Fund
CDSPI SP financial ratios help investors to determine whether CDSPI Fund 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 CDSPI with respect to the benefits of owning CDSPI SP security.
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