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Canada Diversified Story

0P0
0P0001INSA -- Canada Fund  

CAD 9.42  0.04  0.43%

Macroaxis News
  
By Achuva Shats
In this post I will concentrate on Canada Diversified. I will evaluate why we are still optimistic in anticipation of a recovery. Canada Diversified Fund moves indifferently to market moves. The returns on investing in Canada Diversified and the market returns of the last few months appear not related. Stable fundamental indicators of the mutual fund may hint to signs of mid-run price drift for stockholder of the mutual fund. We consider Canada Diversified very steady. Canada Diversified Fund secures Sharpe Ratio (or Efficiency) of 0.1644 which signifies that the fund had 0.1644% of return per unit of risk over the last 1 month. Our philosophy towards foreseeing volatility of a fund is to use all available market data together with fund specific technical indicators that cannot be diversified away. We have found twenty technical indicators for Canada Diversified Fund which you can use to evaluate future volatility of the entity. Please confirm Canada Diversified Fund Mean Deviation of 0.1968, Risk Adjusted Performance of 0.1676 and Coefficient Of Variation of 517.57 to double-check if risk estimate we provide are consistent with the epected return of 0.0577%.
Anything left for Canada Diversified in March?

The firm has beta of 0.0. The returns on MARKET and Canada Diversified are completely uncorrelated. The entity dividends can provide a clue to current valuation of the fund. Canada Diversified Fund is not expected to issue dividends this year as it trying to preserve or re-invest any of the funds available for distribution to stakeholders. Lets now take a look at Canada Diversified Equity Positions Weight. According to company disclosure Canada Diversified Fund has Equity Positions Weight of 6.63%. This is much higher than that of the Canada Life Assurance Co family, and significantly higher than that of Canadian Neutral Balanced category, The Equity Positions Weight for all funds is notably lower than the firm.


The current investor indifference towards the small price fluctuations of Canada Diversified Fund could raise concerns from investors as the entity closed today at a share price of 10.48589993 on very low momentum in volume. The fund managers did not add any value to Canada Diversified investors in January. However, most investors can still diversify their portfolios with Canada Diversified Fund to hedge your portfolio against high-volatility market scenarios. The fund standard deviation of daily returns for 30 days (very short) investing horizon is currently 0.351. The very small Fund volatility is a good signal to investors with longer term investment horizons. Canada Diversified preserves 6.63  of equity positions weight. Canada Diversified is trading at 10.49. This is 0.1 percent decrease. Today lowest is 10.48589993.


All things considered, our current buy/sell recommendation on the mutual fund is Strong Sell. Canada Diversified is currently over valued with very small chance of bankruptcy for the next two years.

Canada Diversified Related Technical Indicators

Mean
Deviation
Jensen
Alpha
Sortino
Ratio
Treynor
Ratio
Semi
Deviation
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
 0.84 (0.12)  0.00 (1.25)  0.00  0.13  0.00  1.71 (4.21)  8.54 
 1.20 (0.41)  0.00  2.31  0.00  0.0072  0.00  2.27 (5.39)  12.51 
 0.70 (0.20)  0.00  1.36  0.00  0.11  0.00  1.46 (1.48)  15.74 
 0.84 (0.18)  0.00 (2.73)  0.00  0.11  0.00  1.71 (2.75)  9.76 
 0.97 (0.17)  0.00 (2.12)  0.00  0.1  0.00  2.23 (4.18)  8.80 
 1.04 (0.26)  0.00  1.01  0.00  0.08  0.00  1.57 (4.24)  12.65 
 0.83 (0.26)  0.00  1.17  0.00  0.10  0.00  1.67 (2.31)  11.94 
 1.26 (0.40)  0.00  1.74  0.00  0.0143  0.00  2.02 (4.83)  18.86 
 0.73 (0.20)  0.00  0.97  0.00  0.13  0.00  1.22 (1.97)  11.74 
 0.86 (0.20)  0.00  0.98  0.00  0.15  0.00  1.41 (3.69)  9.31 

About Contributor

Achuva Shats
   Achuva Shats is a Member of Macroaxs Editorial Board. Achuva writes about retail product and service companies from the perspective of a regular consumer and sophisticated investor at the same time. She is passionate about corporate ethics and equality in the workforce View Profile
This story should be regarded as informational only and should not be considered as solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Achuva Shats do not own shares of Canada Diversified Fund. Please refer to our Terms of Use for any information regarding our disclosure principles.

Story Momentum

This story impact on price volatility cannot be determined at this time. Please check this story after some time to allow current data to be analyzed.

Number of Employees

Number of Employees Comparative Analysis

Canada Diversified is currently under evaluation in number of employees among similar funds. Number of Employees shows the total number of permanent full time and part time employees working for a given company and processed through its payroll.
Please continue to Canada Diversified Hype Analysis, Canada Diversified Correlation and Canada Diversified Performance. Please also try Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
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