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CMOM

$--
--%
1d
1w
1m

Analysis and statistics

  • Open
    29.2802$
  • Previous Close
    29.2802$
  • 52 Week Change
    --
  • Day Range
    0.00$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

CMOM.TO represents the CIBC Multifactor Momentum Index ETF. It is an exchange-traded fund listed on the Toronto Stock Exchange that seeks to track the performance of an index that measures the investment return of Canadian equities with exposure to the momentum factor. This means the fund invests in companies that have shown strong price appreciation in the recent past, with the goal of outperforming the broader market.
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Factors

FactorName: Supply and Demand

Explanation: Increased buying pressure raises the price, while selling pressure lowers it. Trading volume and investor sentiment influence supply and demand significantly. FactorName: Underlying Commodity Prices

Explanation: CMOM.TO tracks commodity momentum. Changes in the price of the underlying commodities it holds (e.g., energy, metals, agriculture) directly impact its price. FactorName: Currency Fluctuations

Explanation: Since commodities are often priced in USD, CAD/USD exchange rate fluctuations can affect CMOM.TO's price, influencing returns for Canadian investors. FactorName: Management Fees and Expenses

Explanation: The ETF's operating costs, including management fees, are deducted from its returns, impacting its overall price performance relative to the underlying commodities. FactorName: Interest Rates

Explanation: Higher interest rates can make holding commodities less attractive, potentially decreasing demand and negatively impacting CMOM.TO's price. FactorName: Inflation

Explanation: Commodities are often viewed as an inflation hedge. Rising inflation may increase demand for commodities, potentially increasing CMOM.TO's price.

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