Average diversificationOverlapping area represents amount of risk that can be diversified away by holding CurrencyShares Canadian Dollar and equity matching GSPC index in the same portfolio
FXC Diversification Suggestion
Use FXC to protect against small markets fluctuations. The etf experiences normal downward trend, but the immediate impact on correlations cannot be determined at the moment . Check odds of FXC to be traded at $92.19 in 30 days
FXC Price and Market Media
The median price of FXC for the period between Tue, Nov 5, 2013 and Thu, Dec 5, 2013 is 94.9 with a coefficient of variation of 0.75. The daily time series for the period is distributed with a sample standard deviation of 0.71, arithmetic mean of 94.57, and mean deviation of 0.58. The ETF did not receive any noticable media coverage during the period.
CurrencyShares Canadian Dollar Trust [FXC] is traded in USA and was established in June 21, 2006. The fund is classified under Single Currency category within Guggenheim Investments family. This fund currently have 338.56 M in assets under management (AUM). CurrencyShares Canadian Dollar Trust is currenly generating return of -4.6% with the current yeild of 0.18%, while the total return for the last 3 years was 6.78%.
CurrencyShares Canadian Dollar Trust is rated # 4 ETF in net asset as compared to similar ETFs. Total Asset Under Management (AUM) of Single Currency category is currently estimated at about 2.65 Billion. FXC retains roughly 338.56 Million in net asset claiming about 13% of equities under Single Currency ETF category.
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