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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
CanadaCanada Portfolio Investment In Foreign Securities fell to 2.81B in May 2013
FMPMonthlyReleased June 2013
Canada Portfolio Investment In Foreign Securities fell to 2.81B in May 2013, released June 2013, down 1B from April's 3.81B reading.
Latest Release
2.810000
Actual
—
Consensus
3.810000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/CAD | ▼ Inverse | −0.50 | FOREX | Bullish CAD | → View |
| CAD/JPY | ▲ Direct | +0.45 | FOREX | Bullish CAD | → View |
| WTI Crude | ▲ Direct | +0.40 | COMMODITIES | Watch | → View |
| EUR/CAD | ▼ Inverse | −0.35 | FOREX | Bullish CAD | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Portfolio Investment In Foreign Securities (Canada) was reported at 2.81 billion in June 2013. The reading fell from the previous value of 3.81 billion.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/CAD (Bullish CAD). A secondary relationship exists with CAD/JPY, positively correlated (Bullish CAD).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include New Housing Price Index MoM (Jun 17) and Retail Sales MoM (Jun 19).
Auto-generated from current model state · Refreshes on each release · Last update June 2013.
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Portfolio Investment In Foreign Securities - CA
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About Portfolio Investment In Foreign Securities — Canada
DEFINITION
Portfolio investment in foreign securities is a financial indicator that measures the amount of money invested by individuals or institutions in securities issued by foreign companies. This includes stocks, bonds, and other financial instruments. This indicator is used to assess the level of international diversification in an investor's portfolio and can also provide insights into the overall sentiment towards foreign markets. It is an important measure for analyzing global investment trends and assessing the potential risks and opportunities in the international market.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jun 2013): actual 2.81 B. Prior reading (May 2013): 3.81 B.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print. Current dynamics are the primary tailwind in the projection. This indicator correlates most strongly with USD/CAD (Bullish CAD, r=-0.50) — a useful reference for forex-focused traders.