Mackenzie Investment Grade Etf Performance
| QUIG Etf | CAD 86.61 0.01 0.01% |
The etf secures a Beta (Market Risk) of 0.0709, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Mackenzie Investment's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mackenzie Investment is expected to be smaller as well.
Risk-Adjusted Performance
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Over the last 90 days Mackenzie Investment Grade has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of very healthy basic indicators, Mackenzie Investment is not utilizing all of its potentials. The recent stock price disarray, may contribute to short-term losses for the investors. ...more
| In Threey Sharp Ratio | -0.59 |
Mackenzie |
Mackenzie Investment Relative Risk vs. Return Landscape
If you would invest 8,715 in Mackenzie Investment Grade on August 31, 2024 and sell it today you would lose (51.00) from holding Mackenzie Investment Grade or give up 0.59% of portfolio value over 90 days. Mackenzie Investment Grade is generating negative expected returns and assumes 0.328% volatility on return distribution over the 90 days horizon. Simply put, 2% of etfs are less volatile than Mackenzie, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Mackenzie Investment Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mackenzie Investment's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Mackenzie Investment Grade, and traders can use it to determine the average amount a Mackenzie Investment'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 = -0.0273
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| Negative Returns | QUIG |
Estimated Market Risk
| 0.33 actual daily | 2 98% of assets are more volatile |
Expected Return
| -0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Mackenzie Investment is not performing at its full potential. However, 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 Investment by adding Mackenzie Investment to a well-diversified portfolio.
Mackenzie Investment Fundamentals Growth
Mackenzie Etf prices reflect investors' perceptions of the future prospects and financial health of Mackenzie Investment, and Mackenzie Investment 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 | 316.91 M | |||
About Mackenzie Investment Performance
By examining Mackenzie Investment's fundamental ratios, stakeholders can obtain critical insights into Mackenzie Investment'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 Investment 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 US Investment Grade Corporate Bond Index ETF seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the Solactive Select USD Investment Grade Corporate Hedged to CAD Index, or any successor thereto. MACKENZIE is traded on Toronto Stock Exchange in Canada.| Mackenzie Investment generated a negative expected return over the last 90 days | |
| The fund generated three year return of -2.0% | |
| Mackenzie Investment maintains about 43.5% of its assets in bonds |
Other Information on Investing in Mackenzie Etf
Mackenzie Investment 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 Investment security.