Mackenzie Canadian Equity Etf Performance
| QCN Etf | CAD 154.20 0.36 0.23% |
The etf secures a Beta (Market Risk) of 0.47, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Mackenzie Canadian's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mackenzie Canadian is expected to be smaller as well.
Risk-Adjusted Performance
Modest
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Compared to the overall equity markets, risk-adjusted returns on investments in Mackenzie Canadian Equity are ranked lower than 5 (%) of all global equities and portfolios over the last 90 days. In spite of very healthy basic indicators, Mackenzie Canadian is not utilizing all of its potentials. The recent stock price disarray, may contribute to short-term losses for the investors. ...more
1 | Market Dynamics and Trading Signals - Stock Traders Daily | 02/13/2025 |
2 | U.S.-Ukraine Critical Minerals Deal 3 ETFs to Watch - The Globe and Mail | 02/28/2025 |
Mackenzie |
Mackenzie Canadian Relative Risk vs. Return Landscape
If you would invest 14,970 in Mackenzie Canadian Equity on December 26, 2024 and sell it today you would earn a total of 450.00 from holding Mackenzie Canadian Equity or generate 3.01% return on investment over 90 days. Mackenzie Canadian Equity is generating 0.0511% of daily returns assuming 0.7162% volatility of returns over the 90 days investment horizon. Simply put, 6% of all etfs have less volatile historical return distribution than Mackenzie Canadian, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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Mackenzie Canadian Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mackenzie Canadian's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Mackenzie Canadian Equity, and traders can use it to determine the average amount a Mackenzie Canadian's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0713
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Estimated Market Risk
| 0.72 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.05 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average Mackenzie Canadian is performing at about 5% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Mackenzie Canadian by adding it to a well-diversified portfolio.
Mackenzie Canadian Fundamentals Growth
Mackenzie Etf prices reflect investors' perceptions of the future prospects and financial health of Mackenzie Canadian, and Mackenzie Canadian fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Mackenzie Etf performance.
| Total Asset | 989.45 M | |||
About Mackenzie Canadian Performance
By examining Mackenzie Canadian's fundamental ratios, stakeholders can obtain critical insights into Mackenzie Canadian's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Mackenzie Canadian is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
MACKENZIE CANADIAN is traded on Toronto Stock Exchange in Canada.| Latest headline from news.google.com: U.S.-Ukraine Critical Minerals Deal 3 ETFs to Watch - The Globe and Mail | |
| The fund maintains 99.56% of its assets in stocks |
Other Information on Investing in Mackenzie Etf
Mackenzie Canadian 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 Canadian security.