Mackenzie Global Infrastructure Etf Market Value
| QINF Etf | CAD 145.12 0.03 0.02% |
| Symbol | Mackenzie |
Mackenzie Global '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 Global's etf 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 Global.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Mackenzie Global on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding Mackenzie Global Infrastructure or generate 0.0% return on investment in Mackenzie Global over 690 days. Mackenzie Global is related to or competes with CI Global, BMO Global, TD Active, and IShares Global. MACKENZIE GLOBAL is traded on Toronto Stock Exchange in Canada. More
Mackenzie Global 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 Global's etf 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 Global Infrastructure upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7159 | |||
| Information Ratio | 0.0699 | |||
| Maximum Drawdown | 4.87 | |||
| Value At Risk | (1.05) | |||
| Potential Upside | 1.37 |
Mackenzie Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mackenzie Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mackenzie Global's standard deviation. In reality, there are many statistical measures that can use Mackenzie Global historical prices to predict the future Mackenzie Global's volatility.| Risk Adjusted Performance | 0.1785 | |||
| Jensen Alpha | 0.1717 | |||
| Total Risk Alpha | 0.0533 | |||
| Sortino Ratio | 0.0751 | |||
| Treynor Ratio | (7.59) |
Mackenzie Global Inf Backtested Returns
As of now, Mackenzie Etf is very steady. Mackenzie Global Inf has Sharpe Ratio of 0.22, which conveys that the entity had a 0.22% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Mackenzie Global, which you can use to evaluate the volatility of the etf. Please verify Mackenzie Global's Downside Deviation of 0.7159, risk adjusted performance of 0.1785, and Mean Deviation of 0.5461 to check out if the risk estimate we provide is consistent with the expected return of 0.17%. The etf secures a Beta (Market Risk) of -0.0223, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mackenzie Global are expected to decrease at a much lower rate. During the bear market, Mackenzie Global is likely to outperform the market.
Auto-correlation | -0.48 |
Modest reverse predictability
Mackenzie Global Infrastructure has modest reverse predictability. Overlapping area represents the amount of predictability between Mackenzie Global time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 to 29th of November 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 Global Inf price movement. The serial correlation of -0.48 indicates that about 48.0% of current Mackenzie Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | -0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 109.96 |
Mackenzie Global Inf lagged returns against current returns
Autocorrelation, which is Mackenzie Global etf'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 Global's etf expected returns. We can calculate the autocorrelation of Mackenzie Global returns to help us make a trade decision. For example, suppose you find that Mackenzie Global has exhibited high autocorrelation historically, and you observe that the etf 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 Global 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 Global etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mackenzie Global etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mackenzie Global etf over time.
Current vs Lagged Prices |
| Timeline |
Mackenzie Global Lagged Returns
When evaluating Mackenzie Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mackenzie Global etf have on its future price. Mackenzie Global 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 Global autocorrelation shows the relationship between Mackenzie Global etf current value and its past values and can show if there is a momentum factor associated with investing in Mackenzie Global Infrastructure.
Regressed Prices |
| Timeline |
Pair Trading with Mackenzie Global
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 Global 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 Global will appreciate offsetting losses from the drop in the long position's value.Moving together with Mackenzie Etf
| 0.96 | CINF | CI Global Infrastructure | PairCorr |
| 0.92 | ZGI | BMO Global Infrastructure | PairCorr |
| 0.98 | TINF | TD Active Global | PairCorr |
| 0.93 | CIF | iShares Global Infra | PairCorr |
The ability to find closely correlated positions to Mackenzie Global 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 Global 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 Global - 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 Global Infrastructure to buy it.
The correlation of Mackenzie Global 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 Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mackenzie Global Inf 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 Global 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 Etf
Mackenzie Global 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 Global security.