Mackenzie International Financial Statements From 2010 to 2024

QDX Etf  CAD 119.01  0.10  0.08%   
Mackenzie International financial statements provide useful quarterly and yearly information to potential Mackenzie International Equity investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Mackenzie International financial statements helps investors assess Mackenzie International's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Mackenzie International's valuation are summarized below:
Mackenzie International Equity does not presently have any fundamental ratios for analysis.
Check Mackenzie International financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Mackenzie International's main balance sheet or income statement drivers, such as , as well as many indicators such as . Mackenzie financial statements analysis is a perfect complement when working with Mackenzie International Valuation or Volatility modules.
  
This module can also supplement various Mackenzie International Technical models . Check out the analysis of Mackenzie International Correlation against competitors.

Mackenzie International Equity ETF Beta Analysis

Mackenzie International's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.

Beta

 = 

Covariance

Variance

More About Beta | All Equity Analysis

Current Mackenzie International Beta

    
  0.98  
Most of Mackenzie International's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Mackenzie International Equity is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Competition

In accordance with the recently published financial statements, Mackenzie International Equity has a Beta of 0.98. This is much higher than that of the Mackenzie Financial Corporation family and significantly higher than that of the International Equity category. The beta for all Canada etfs is notably lower than that of the firm.

About Mackenzie International Financial Statements

Mackenzie International investors utilize fundamental indicators, such as revenue or net income, to predict how Mackenzie Etf might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Mackenzie International Equity Index ETF seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the Solactive GBS Developed Markets ex North America Large Mid Cap CAD Index , or any successor thereto. MACKENZIE INTERNATIONAL is traded on Toronto Stock Exchange in Canada.

Pair Trading with Mackenzie International

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Mackenzie International position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Mackenzie International will appreciate offsetting losses from the drop in the long position's value.

Moving together with Mackenzie Etf

  0.97XEF iShares Core MSCIPairCorr
  0.97ZEA BMO MSCI EAFEPairCorr
  0.96VIU Vanguard FTSE DevelopedPairCorr
  0.82XIN iShares MSCI EAFEPairCorr
  0.8XFH iShares Core MSCIPairCorr

Moving against Mackenzie Etf

  0.31CASH GLOBAL X HIGHPairCorr
The ability to find closely correlated positions to Mackenzie International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mackenzie International when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Mackenzie International - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Mackenzie International Equity to buy it.
The correlation of Mackenzie International is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Mackenzie International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mackenzie International moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Mackenzie International can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Mackenzie Etf

Mackenzie International financial ratios help investors to determine whether Mackenzie Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Mackenzie with respect to the benefits of owning Mackenzie International security.