Mackenzie Canadian Ultra Etf Performance
| QASH Etf | 50.44 0.02 0.04% |
The etf secures a Beta (Market Risk) of 0.0016, which conveys not very significant fluctuations relative to the market. 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
57 of 100
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Market Crasher
Compared to the overall equity markets, risk-adjusted returns on investments in Mackenzie Canadian Ultra are ranked lower than 57 (%) 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 | Mackenzie Investments Announces October 2024 Distributions for its Exchange Traded Funds - Canada NewsWire | 10/25/2024 |
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Mackenzie Canadian Relative Risk vs. Return Landscape
If you would invest 4,983 in Mackenzie Canadian Ultra on September 14, 2024 and sell it today you would earn a total of 61.00 from holding Mackenzie Canadian Ultra or generate 1.22% return on investment over 90 days. Mackenzie Canadian Ultra is generating 0.0193% of daily returns and assumes 0.0266% volatility on return distribution over the 90 days horizon. Simply put, 0% 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 |
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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 Ultra, 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 = 0.7271
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Based on monthly moving average Mackenzie Canadian is performing at about 57% 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.