Mackenzie Canadian Growth Fund Manager Performance Evaluation
| MFC650 Fund | 50.25 0.30 0.59% |
The fund secures a Beta (Market Risk) of 0.3, 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
12 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in Mackenzie Canadian Growth are ranked lower than 12 (%) of all funds and portfolios of funds over the last 90 days. Despite somewhat strong fundamental indicators, Mackenzie Canadian is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
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Mackenzie Canadian Relative Risk vs. Return Landscape
If you would invest 4,780 in Mackenzie Canadian Growth on September 12, 2024 and sell it today you would earn a total of 245.00 from holding Mackenzie Canadian Growth or generate 5.13% return on investment over 90 days. Mackenzie Canadian Growth is generating 0.0807% of daily returns and assumes 0.5183% volatility on return distribution over the 90 days horizon. Simply put, 4% of funds 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 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 funds, such as Mackenzie Canadian Growth, 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 = 0.1557
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| Cash | MFC650 | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 0.52 actual daily | 4 96% of assets are more volatile |
Expected Return
| 0.08 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average Mackenzie Canadian is performing at about 12% 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.
Things to note about Mackenzie Canadian Growth performance evaluation
Checking the ongoing alerts about Mackenzie Canadian for important developments is a great way to find new opportunities for your next move. Fund alerts and notifications screener for Mackenzie Canadian Growth help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.Evaluating Mackenzie Canadian's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Mackenzie Canadian's fund performance include:- Analyzing Mackenzie Canadian's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Mackenzie Canadian's stock is overvalued or undervalued compared to its peers.
- Examining Mackenzie Canadian's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Mackenzie Canadian's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Mackenzie Canadian's management team can help you assess the Fund's leadership.
- Pay attention to analyst opinions and ratings of Mackenzie Canadian's fund. These opinions can provide insight into Mackenzie Canadian's potential for growth and whether the stock is currently undervalued or overvalued.
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