Mackenzie Floating Rate Etf Market Value

MFT Etf  CAD 17.09  0.03  0.18%   
Mackenzie Floating's market value is the price at which a share of Mackenzie Floating trades on a public exchange. It measures the collective expectations of Mackenzie Floating Rate investors about its performance. Mackenzie Floating is selling at 17.09 as of the 5th of December 2024; that is 0.18 percent decrease since the beginning of the trading day. The etf's open price was 17.12.
With this module, you can estimate the performance of a buy and hold strategy of Mackenzie Floating Rate and determine expected loss or profit from investing in Mackenzie Floating over a given investment horizon. Check out Mackenzie Floating Correlation, Mackenzie Floating Volatility and Mackenzie Floating Alpha and Beta module to complement your research on Mackenzie Floating.
Symbol

Please note, there is a significant difference between Mackenzie Floating's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mackenzie Floating is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mackenzie Floating'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 Floating '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 Floating'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 Floating.
0.00
12/16/2022
No Change 0.00  0.0 
In 1 year 11 months and 21 days
12/05/2024
0.00
If you would invest  0.00  in Mackenzie Floating on December 16, 2022 and sell it all today you would earn a total of 0.00 from holding Mackenzie Floating Rate or generate 0.0% return on investment in Mackenzie Floating over 720 days. Mackenzie Floating is related to or competes with Mackenzie Developed, Mackenzie Global, Mackenzie Aggregate, Mackenzie Core, and Mackenzie Emerging. Mackenzie Floating Rate Income ETF seeks to generate current income by investing primarily in floating rate debt instrum... More

Mackenzie Floating 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 Floating'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 Floating Rate upside and downside potential and time the market with a certain degree of confidence.

Mackenzie Floating Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Mackenzie Floating's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mackenzie Floating's standard deviation. In reality, there are many statistical measures that can use Mackenzie Floating historical prices to predict the future Mackenzie Floating's volatility.
Hype
Prediction
LowEstimatedHigh
16.8017.0917.38
Details
Intrinsic
Valuation
LowRealHigh
16.8017.0917.38
Details
Naive
Forecast
LowNextHigh
16.7317.0217.31
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
17.0717.1317.18
Details

Mackenzie Floating Rate Backtested Returns

As of now, Mackenzie Etf is very steady. Mackenzie Floating Rate has Sharpe Ratio of 0.0173, which conveys that the entity had a 0.0173% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Mackenzie Floating, which you can use to evaluate the volatility of the etf. Please verify Mackenzie Floating's Mean Deviation of 0.1709, risk adjusted performance of 0.0195, and Downside Deviation of 0.4567 to check out if the risk estimate we provide is consistent with the expected return of 0.0051%. The etf secures a Beta (Market Risk) of -0.006, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mackenzie Floating are expected to decrease at a much lower rate. During the bear market, Mackenzie Floating is likely to outperform the market.

Auto-correlation

    
  0.79  

Good predictability

Mackenzie Floating Rate has good predictability. Overlapping area represents the amount of predictability between Mackenzie Floating time series from 16th of December 2022 to 11th of December 2023 and 11th of December 2023 to 5th 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 Floating Rate price movement. The serial correlation of 0.79 indicates that around 79.0% of current Mackenzie Floating price fluctuation can be explain by its past prices.
Correlation Coefficient0.79
Spearman Rank Test0.74
Residual Average0.0
Price Variance0.05

Mackenzie Floating Rate lagged returns against current returns

Autocorrelation, which is Mackenzie Floating 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 Floating's etf expected returns. We can calculate the autocorrelation of Mackenzie Floating returns to help us make a trade decision. For example, suppose you find that Mackenzie Floating 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 Floating 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 Floating etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mackenzie Floating etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mackenzie Floating etf over time.
   Current vs Lagged Prices   
       Timeline  

Mackenzie Floating Lagged Returns

When evaluating Mackenzie Floating's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mackenzie Floating etf have on its future price. Mackenzie Floating 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 Floating autocorrelation shows the relationship between Mackenzie Floating etf current value and its past values and can show if there is a momentum factor associated with investing in Mackenzie Floating Rate.
   Regressed Prices   
       Timeline  

Pair Trading with Mackenzie Floating

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 Floating 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 Floating will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Mackenzie Floating 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 Floating 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 Floating - 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 Floating Rate to buy it.
The correlation of Mackenzie Floating 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 Floating moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mackenzie Floating Rate 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 Floating 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 Floating 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 Floating security.