Ci Galaxy Ethereum Etf Profile
| ETHX-B Etf | CAD 15.13 0.38 2.58% |
Performance9 of 100
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CI Galaxy is trading at 15.13 as of the 8th of May 2024, a 2.58 percent increase since the beginning of the trading day. The etf's open price was 14.75. CI Galaxy has 50 percent odds of going through some form of financial distress in the next two years and did not have a very good performance for investor during the last 90 trading days. Equity ratings for CI Galaxy Ethereum are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of March 2024 and ending today, the 8th of May 2024. Click here to learn more.
ETHX-B Etf Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. CI Galaxy's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding CI Galaxy or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Business Concentration | CI Investments Inc (View all Sectors) |
| Updated At | 7th of May 2024 |
CI Galaxy Ethereum [ETHX-B] is traded in Canada and was established 2021-04-16. The fund is listed under CI Investments Inc family. CI Galaxy Ethereum currently have 253.52 M in assets under management (AUM). , while the total return for the last year was -65.21%.
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CI Galaxy Target Price Odds Analysis
What are CI Galaxy's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of CI Galaxy jumping above the current price in 90 days from now is about 58.77%. The CI Galaxy Ethereum probability density function shows the probability of CI Galaxy etf to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon CI Galaxy has a beta of 0.7056 suggesting as returns on the market go up, CI Galaxy average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding CI Galaxy Ethereum will be expected to be much smaller as well. Additionally, cI Galaxy Ethereum has an alpha of 0.5002, implying that it can generate a 0.5 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of CI Galaxy to move above the current price in 90 days from now is about 58.77 (This CI Galaxy Ethereum probability density function shows the probability of ETHX-B Etf to fall within a particular range of prices over 90 days) .
CI Galaxy Ethereum Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. CI Galaxy market risk premium is the additional return an investor will receive from holding CI Galaxy long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in CI Galaxy. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although CI Galaxy's alpha and beta are two of the key measurements used to evaluate CI Galaxy's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 2.84 | |||
| Semi Deviation | 3.38 | |||
| Standard Deviation | 4.01 | |||
| Variance | 16.05 |
CI Galaxy Ethereum Technical Analysis
Transformation |
The output start index for this execution was zero with a total number of output elements of sixty-one. CI Galaxy Ethereum Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe CI Galaxy price patterns.
CI Galaxy Against Markets
Picking the right benchmark for CI Galaxy etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in CI Galaxy etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for CI Galaxy is critical whether you are bullish or bearish towards CI Galaxy Ethereum at a given time. Please also check how CI Galaxy's historical prices are related to one of the top price index indicators.
Be your own money manager
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.Did you try this?
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How to buy ETHX-B Etf?
Before investing in CI Galaxy, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in CI Galaxy. To buy CI Galaxy etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of CI Galaxy. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase CI Galaxy etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located CI Galaxy Ethereum etf in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased CI Galaxy Ethereum etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as CI Galaxy Ethereum, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in etf prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in CI Galaxy Ethereum?
The danger of trading CI Galaxy Ethereum is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of CI Galaxy is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than CI Galaxy. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile CI Galaxy Ethereum is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in CI Galaxy Ethereum. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Please note, there is a significant difference between CI Galaxy's value and its price as these two are different measures arrived at by different means. Investors typically determine if CI Galaxy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CI Galaxy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.