CI Gold+ Giants Covered Call ETF(CGXF:TSX) Bearish Signals detected

Based on the CI Gold+ Giants Covered Call ETF Stock Target Advisor’s own stock analysis of CI Gold+ Giants Covered Call ETF is Bearish, which is based on 1 positive signals and 3 negative signals. At the last closing, CI Gold+ Giants Covered Call ETF’s stock price was CAD 11.01. CI Gold+ Giants Covered Call ETF’s stock price has changed by +2.32% over the past week, -4.26% over the past month and -8.63% over the last year.
What we like:
High market capitalization
This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.
What we don’t like:
Poor risk adjusted returns
This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.
High volatility
The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.
Below median dividend returns
The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.