Cibc Canadian Equity Etf Market Value
| CCEI Etf | CAD 29.78 0.06 0.20% |
| Symbol | CIBC |
CIBC Canadian '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 CIBC Canadian's etf 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 CIBC Canadian.
| 04/24/2025 |
| 07/23/2025 |
If you would invest 0.00 in CIBC Canadian on April 24, 2025 and sell it all today you would earn a total of 0.00 from holding CIBC Canadian Equity or generate 0.0% return on investment in CIBC Canadian over 90 days. CIBC Canadian is related to or competes with Fidelity Value, Fidelity Canadian, Fidelity Canadian, Fidelity High, and Fidelity International. CIBC CANADIAN is traded on Toronto Stock Exchange in Canada. More
CIBC Canadian 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 CIBC Canadian's etf 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 CIBC Canadian Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4146 | |||
| Information Ratio | 0.044 | |||
| Maximum Drawdown | 1.98 | |||
| Value At Risk | (0.58) | |||
| Potential Upside | 0.8805 |
CIBC Canadian Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CIBC Canadian's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CIBC Canadian's standard deviation. In reality, there are many statistical measures that can use CIBC Canadian historical prices to predict the future CIBC Canadian's volatility.| Risk Adjusted Performance | 0.3991 | |||
| Jensen Alpha | 0.1807 | |||
| Total Risk Alpha | 0.1064 | |||
| Sortino Ratio | 0.0462 | |||
| Treynor Ratio | 4.63 |
CIBC Canadian Equity Backtested Returns
As of now, CIBC Etf is very steady. CIBC Canadian Equity retains Efficiency (Sharpe Ratio) of 0.45, which signifies that the etf had a 0.45 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for CIBC Canadian, which you can use to evaluate the volatility of the entity. Please confirm CIBC Canadian's market risk adjusted performance of 4.64, and Standard Deviation of 0.4348 to double-check if the risk estimate we provide is consistent with the expected return of 0.17%. The etf owns a Beta (Systematic Risk) of 0.0405, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CIBC Canadian's returns are expected to increase less than the market. However, during the bear market, the loss of holding CIBC Canadian is expected to be smaller as well.
Auto-correlation | 0.95 |
Excellent predictability
CIBC Canadian Equity has excellent predictability. Overlapping area represents the amount of predictability between CIBC Canadian time series from 24th of April 2025 to 8th of June 2025 and 8th of June 2025 to 23rd 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 CIBC Canadian Equity price movement. The serial correlation of 0.95 indicates that approximately 95.0% of current CIBC Canadian price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.95 | |
| Spearman Rank Test | 0.97 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
CIBC Canadian Equity lagged returns against current returns
Autocorrelation, which is CIBC Canadian etf'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 CIBC Canadian's etf expected returns. We can calculate the autocorrelation of CIBC Canadian returns to help us make a trade decision. For example, suppose you find that CIBC Canadian has exhibited high autocorrelation historically, and you observe that the etf 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 |
CIBC Canadian 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 CIBC Canadian etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CIBC Canadian etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CIBC Canadian etf over time.
Current vs Lagged Prices |
| Timeline |
CIBC Canadian Lagged Returns
When evaluating CIBC Canadian's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CIBC Canadian etf have on its future price. CIBC Canadian 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, CIBC Canadian autocorrelation shows the relationship between CIBC Canadian etf current value and its past values and can show if there is a momentum factor associated with investing in CIBC Canadian Equity.
Regressed Prices |
| Timeline |
Pair Trading with CIBC Canadian
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 CIBC Canadian 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 CIBC Canadian will appreciate offsetting losses from the drop in the long position's value.Moving together with CIBC Etf
| 1.0 | XIU | iShares SPTSX 60 | PairCorr |
| 1.0 | XIC | iShares Core SPTSX | PairCorr |
| 1.0 | ZCN | BMO SPTSX Capped | PairCorr |
| 1.0 | VCN | Vanguard FTSE Canada | PairCorr |
| 1.0 | HXT | Global X SPTSX | PairCorr |
The ability to find closely correlated positions to CIBC Canadian 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 Canadian 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 Canadian - 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 Canadian Equity to buy it.
The correlation of CIBC Canadian 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 CIBC Canadian moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CIBC Canadian Equity 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 CIBC Canadian 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 CIBC Etf
CIBC Canadian financial ratios help investors to determine whether CIBC Etf 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 CIBC with respect to the benefits of owning CIBC Canadian security.