CI Enhanced Correlations

FSB Etf

CAD 9.67 0.01 0.10%

The current 90-days correlation between CI Enhanced Short and Hamilton Bond YIELD is 0.19 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CI Enhanced moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CI Enhanced Short moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

CI Enhanced Correlation With Market

Significant diversification

The correlation between CI Enhanced Short 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 Enhanced Short and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to CI Enhanced 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 Enhanced 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 Enhanced - 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 Enhanced Short to buy it.

Moving together with FSB Etf

0.94	PCOR	PIMCO Managed Core	Pair Corr
0.95	CPLS	CIBC Core Plus	Pair Corr
0.94	XSE	iShares Conservative	Pair Corr
0.94	MGB	Mackenzie Core Plus	Pair Corr
0.95	XSC	iShares Conservative	Pair Corr
0.9	XLB	iShares Core Canadian	Pair Corr
0.93	XFR	iShares Floating Rate	Pair Corr
0.9	VLB	Vanguard Canadian Long	Pair Corr
0.95	HBB	Global X Canadian	Pair Corr
0.94	VGV	Vanguard Canadian	Pair Corr
0.96	CLF	iShares 1 5	Pair Corr
0.96	DCG	Desjardins 1 5	Pair Corr
0.91	ZFS-L	BMO Short Federal	Pair Corr
0.88	XRB	iShares Canadian Real	Pair Corr
0.89	ZWQT	BMO Global Enhanced	Pair Corr

Related Correlations Analysis

	HBND	HPYT	XHB	XSAB	PFAE	ZFH	XCS	HEWB	XQLT	DRFU
HBND		1.0	0.96	0.98	0.87	0.82	0.85	0.87	0.84	0.81	HBND
HPYT	1.0		0.97	0.98	0.88	0.83	0.86	0.88	0.86	0.82	HPYT
XHB	0.96	0.97		0.98	0.92	0.9	0.92	0.93	0.92	0.88	XHB
XSAB	0.98	0.98	0.98		0.92	0.87	0.89	0.92	0.87	0.85	XSAB
PFAE	0.87	0.88	0.92	0.92		0.92	0.96	0.98	0.92	0.91	PFAE
ZFH	0.82	0.83	0.9	0.87	0.92		0.91	0.95	0.94	0.94	ZFH
XCS	0.85	0.86	0.92	0.89	0.96	0.91		0.95	0.93	0.92	XCS
HEWB	0.87	0.88	0.93	0.92	0.98	0.95	0.95		0.93	0.94	HEWB
XQLT	0.84	0.86	0.92	0.87	0.92	0.94	0.93	0.93		0.93	XQLT
DRFU	0.81	0.82	0.88	0.85	0.91	0.94	0.92	0.94	0.93		DRFU
	HBND	HPYT	XHB	XSAB	PFAE	ZFH	XCS	HEWB	XQLT	DRFU

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CI Enhanced Constituents Risk-Adjusted Indicators

There is a big difference between FSB Etf performing well and CI Enhanced 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 Enhanced'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
HBND	0.42	0.04	(0.12)	0.47	0.31	(0.51)	1.11	(0.61)	2.16
HPYT	0.37	0.05	(0.14)	0.76	0.21	(0.52)	0.94	(0.58)	1.81
XHB	0.13	0.03	(0.40)	1.69	0.00	(0.16)	0.30	(0.25)	0.80
XSAB	0.17	0.03	(0.30)	1.00	0.00	(0.21)	0.39	(0.28)	1.15
PFAE	0.71	0.14	0.02	(0.68)	0.69	(0.79)	1.46	(1.29)	6.15
ZFH	0.16	0.02	(0.35)	0.48	0.09	(0.18)	0.40	(0.33)	1.07
XCS	0.89	0.24	0.09	1.19	1.14	(0.89)	2.01	(1.74)	8.32
HEWB	0.43	0.20	0.19	2.55	0.00	(0.52)	0.92	(0.71)	3.30
XQLT	0.49	0.11	0.00	(24.90)	0.43	(0.56)	1.07	(0.77)	3.21
DRFU	0.36	0.11	(0.02)	(0.63)	0.33	(0.69)	1.22	(0.61)	4.74

Be your own money manager

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