Cibc Active Investment Stock Market Value
| CACB Stock | CAD 19.41 0.03 0.15% |
| Symbol | CIBC |
CIBC Active '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 Active's stock 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 Active.
| 04/04/2024 |
| 07/03/2024 |
If you would invest 0.00 in CIBC Active on April 4, 2024 and sell it all today you would earn a total of 0.00 from holding CIBC Active Investment or generate 0.0% return on investment in CIBC Active over 90 days. CIBC Active is related to or competes with Global X, Brompton Flaherty, and CIBC Core. CIBC Active Investment Grade Corporate Bond ETF seeks to generate a high level of current income while preserving capita... More
CIBC Active 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 Active's stock 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 Active Investment upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4143 | |||
| Information Ratio | 0.0905 | |||
| Maximum Drawdown | 1.57 | |||
| Value At Risk | (0.63) | |||
| Potential Upside | 0.5211 |
CIBC Active Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CIBC Active's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CIBC Active's standard deviation. In reality, there are many statistical measures that can use CIBC Active historical prices to predict the future CIBC Active's volatility.| Risk Adjusted Performance | 0.0331 | |||
| Jensen Alpha | 0.0133 | |||
| Total Risk Alpha | 0.0218 | |||
| Sortino Ratio | 0.073 | |||
| Treynor Ratio | 0.2169 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of CIBC Active's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
CIBC Active Investment Backtested Returns
As of now, CIBC Stock is very steady. CIBC Active Investment retains Efficiency (Sharpe Ratio) of 0.0666, which signifies that the company had a 0.0666% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for CIBC Active, which you can use to evaluate the volatility of the firm. Please confirm CIBC Active's market risk adjusted performance of 0.2269, and Coefficient Of Variation of 1501.48 to double-check if the risk estimate we provide is consistent with the expected return of 0.0223%. CIBC Active has a performance score of 5 on a scale of 0 to 100. The firm owns a Beta (Systematic Risk) of 0.0565, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CIBC Active's returns are expected to increase less than the market. However, during the bear market, the loss of holding CIBC Active is expected to be smaller as well. CIBC Active Investment at this moment owns a risk of 0.33%. Please confirm CIBC Active Investment semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if CIBC Active Investment will be following its current price history.
Auto-correlation | 0.08 |
Virtually no predictability
CIBC Active Investment has virtually no predictability. Overlapping area represents the amount of predictability between CIBC Active time series from 4th of April 2024 to 19th of May 2024 and 19th of May 2024 to 3rd of July 2024. 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 Active Investment price movement. The serial correlation of 0.08 indicates that barely 8.0% of current CIBC Active price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
CIBC Active Investment lagged returns against current returns
Autocorrelation, which is CIBC Active stock'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 Active's stock expected returns. We can calculate the autocorrelation of CIBC Active returns to help us make a trade decision. For example, suppose you find that CIBC Active has exhibited high autocorrelation historically, and you observe that the stock 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 Active 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 Active stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CIBC Active stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CIBC Active stock over time.
Current vs Lagged Prices |
| Timeline |
CIBC Active Lagged Returns
When evaluating CIBC Active's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CIBC Active stock have on its future price. CIBC Active 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 Active autocorrelation shows the relationship between CIBC Active stock current value and its past values and can show if there is a momentum factor associated with investing in CIBC Active Investment.
Regressed Prices |
| Timeline |
Pair Trading with CIBC Active
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 Active 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 Active will appreciate offsetting losses from the drop in the long position's value.Moving against CIBC Stock
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.
The correlation of CIBC Active 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 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. 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 Active 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 Stock
CIBC Active financial ratios help investors to determine whether CIBC Stock 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 Active security.