Mackenzie Canadian Large Etf Performance
| QCE Etf | CAD 156.55 0.06 0.04% |
The etf secures a Beta (Market Risk) of 0.19, 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
25 of 100
Weak | Strong |
Strong
Compared to the overall equity markets, risk-adjusted returns on investments in Mackenzie Canadian Large are ranked lower than 25 (%) of all global equities and portfolios over the last 90 days. In spite of very unfluctuating technical and fundamental indicators, Mackenzie Canadian may actually be approaching a critical reversion point that can send shares even higher in January 2025. ...more
| In Threey Sharp Ratio | 0.62 |
Mackenzie |
Mackenzie Canadian Relative Risk vs. Return Landscape
If you would invest 13,984 in Mackenzie Canadian Large on September 4, 2024 and sell it today you would earn a total of 1,671 from holding Mackenzie Canadian Large or generate 11.95% return on investment over 90 days. Mackenzie Canadian Large is generating 0.178% of daily returns assuming 0.5441% volatility of returns over the 90 days investment horizon. Simply put, 4% of all etfs have less volatile historical return distribution than Mackenzie Canadian, and 97% 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 etfs, such as Mackenzie Canadian Large, 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 = 0.3271
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 0.54 actual daily | 4 96% of assets are more volatile |
Expected Return
| 0.18 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.33 actual daily | 25 75% of assets perform better |
Based on monthly moving average Mackenzie Canadian is performing at about 25% 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 | 70.74 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 Large Cap Equity Index ETF seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the Solactive Canada Large Cap Index, or any successor thereto. MACKENZIE CDN is traded on Toronto Stock Exchange in Canada.| The fund maintains all 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.