Mackenzie Government Long Etf Performance
| QTLT Etf | 105.56 1.34 1.25% |
The etf secures a Beta (Market Risk) of -0.11, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mackenzie Government are expected to decrease at a much lower rate. During the bear market, Mackenzie Government is likely to outperform the market.
Risk-Adjusted Performance
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Over the last 90 days Mackenzie Government Long has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of very healthy basic indicators, Mackenzie Government is not utilizing all of its potentials. The recent stock price disarray, may contribute to short-term losses for the investors. ...more
Mackenzie |
Mackenzie Government Relative Risk vs. Return Landscape
If you would invest 10,887 in Mackenzie Government Long on September 14, 2024 and sell it today you would lose (331.00) from holding Mackenzie Government Long or give up 3.04% of portfolio value over 90 days. Mackenzie Government Long is generating negative expected returns and assumes 0.6974% volatility on return distribution over the 90 days horizon. Simply put, 6% 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 Government Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mackenzie Government's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Mackenzie Government Long, and traders can use it to determine the average amount a Mackenzie Government'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 = -0.0668
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| Negative Returns | QTLT |
Estimated Market Risk
| 0.7 actual daily | 6 94% of assets are more volatile |
Expected Return
| -0.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.07 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Mackenzie Government 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 Government by adding Mackenzie Government to a well-diversified portfolio.
| Mackenzie Government generated a negative expected return over the last 90 days |