Mackenzie All Cap Fund Market Value
| MFC4644 Fund | 62.13 1.09 1.79% |
| Symbol | Mackenzie |
Please note, there is a significant difference between Mackenzie All's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mackenzie All is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mackenzie All's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Mackenzie All 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Mackenzie All's fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Mackenzie All.
| 05/23/2023 |
| 12/13/2024 |
If you would invest 0.00 in Mackenzie All on May 23, 2023 and sell it all today you would earn a total of 0.00 from holding Mackenzie All Cap or generate 0.0% return on investment in Mackenzie All over 570 days. Mackenzie All is related to or competes with Global Healthcare. Mackenzie All is entity of Canada. It is traded as Fund on TO exchange. More
Mackenzie All Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Mackenzie All's fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Mackenzie All Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9319 | |||
| Information Ratio | 0.194 | |||
| Maximum Drawdown | 5.12 | |||
| Value At Risk | (1.36) | |||
| Potential Upside | 1.85 |
Mackenzie All Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mackenzie All's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mackenzie All's standard deviation. In reality, there are many statistical measures that can use Mackenzie All historical prices to predict the future Mackenzie All's volatility.| Risk Adjusted Performance | 0.2283 | |||
| Jensen Alpha | 0.2358 | |||
| Total Risk Alpha | 0.1533 | |||
| Sortino Ratio | 0.1989 | |||
| Treynor Ratio | 0.5686 |
Mackenzie All Cap Backtested Returns
Mackenzie All appears to be very steady, given 3 months investment horizon. Mackenzie All Cap has Sharpe Ratio of 0.27, which conveys that the entity had a 0.27% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Mackenzie All, which you can use to evaluate the volatility of the fund. Please exercise Mackenzie All's Downside Deviation of 0.9319, risk adjusted performance of 0.2283, and Mean Deviation of 0.7117 to check out if our risk estimates are consistent with your expectations. The fund secures a Beta (Market Risk) of 0.51, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Mackenzie All's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mackenzie All is expected to be smaller as well.
Auto-correlation | 0.86 |
Very good predictability
Mackenzie All Cap has very good predictability. Overlapping area represents the amount of predictability between Mackenzie All time series from 23rd of May 2023 to 3rd of March 2024 and 3rd of March 2024 to 13th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Mackenzie All Cap price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current Mackenzie All price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.86 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 13.28 |
Mackenzie All Cap lagged returns against current returns
Autocorrelation, which is Mackenzie All fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Mackenzie All's fund expected returns. We can calculate the autocorrelation of Mackenzie All returns to help us make a trade decision. For example, suppose you find that Mackenzie All has exhibited high autocorrelation historically, and you observe that the fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Mackenzie All regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Mackenzie All fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mackenzie All fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mackenzie All fund over time.
Current vs Lagged Prices |
| Timeline |
Mackenzie All Lagged Returns
When evaluating Mackenzie All's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mackenzie All fund have on its future price. Mackenzie All autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Mackenzie All autocorrelation shows the relationship between Mackenzie All fund current value and its past values and can show if there is a momentum factor associated with investing in Mackenzie All Cap.
Regressed Prices |
| Timeline |
Pair Trading with Mackenzie All
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 All 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 All will appreciate offsetting losses from the drop in the long position's value.Moving together with Mackenzie Fund
| 0.91 | 0P0000706A | RBC Select Balanced | PairCorr |
| 0.91 | 0P00007069 | RBC Portefeuille | PairCorr |
| 0.9 | 0P0000IUYO | Edgepoint Global Por | PairCorr |
| 0.86 | 0P0001FAU8 | TD Comfort Balanced | PairCorr |
| 0.95 | 0P00012UCU | RBC Global Equity | PairCorr |
The ability to find closely correlated positions to Mackenzie All 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 All 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 All - 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 All Cap to buy it.
The correlation of Mackenzie All 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 All moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mackenzie All Cap 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 All 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.Other Information on Investing in Mackenzie Fund
Mackenzie All financial ratios help investors to determine whether Mackenzie Fund 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 All security.
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