Mackenzie Canadian Competition

MFC650 Fund

50.28 0.12 0.24%

Mackenzie Canadian Growth competes with Global Healthcare, and CI Global; as well as few others. Analyzing Mackenzie Canadian competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Mackenzie Canadian to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in nation.

You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Mackenzie Canadian competition on your existing holdings.

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Please note, it is not enough to conduct a financial or market analysis of a single entity such as Mackenzie Canadian. Your research has to be compared to or analyzed against Mackenzie Canadian's peers to derive any actionable benefits. When done correctly, Mackenzie Canadian's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Mackenzie Canadian Growth.

Mackenzie Canadian Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Mackenzie Canadian and its competitors represents the degree of relationship between the price movements of corresponding funds. A correlation of about +1.0 implies that the price of Mackenzie and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Mackenzie Canadian Growth does not affect the price movement of the other competitor.

	AGF5036	0P000075FV	MFC650	FTHI	0P00007694	BLB-UN	HIG	0P000070HA	CIG18006
AGF5036		0.97	0.97	0.96	0.92	0.75	-0.88	0.97	0.97	AGF5036
0P000075FV	0.97		0.94	0.98	0.88	0.64	-0.86	0.99	0.99	0P000075FV
MFC650	0.97	0.94		0.95	0.89	0.69	-0.78	0.94	0.94	MFC650
FTHI	0.96	0.98	0.95		0.87	0.63	-0.85	0.97	0.97	FTHI
0P00007694	0.92	0.88	0.89	0.87		0.82	-0.79	0.89	0.89	0P00007694
BLB-UN	0.75	0.64	0.69	0.63	0.82		-0.75	0.66	0.66	BLB-UN
HIG	-0.88	-0.86	-0.78	-0.85	-0.79	-0.75		-0.86	-0.86	HIG
0P000070HA	0.97	0.99	0.94	0.97	0.89	0.66	-0.86		1.0	0P000070HA
CIG18006	0.97	0.99	0.94	0.97	0.89	0.66	-0.86	1.0		CIG18006
	AGF5036	0P000075FV	MFC650	FTHI	0P00007694	BLB-UN	HIG	0P000070HA	CIG18006

Click cells to compare fundamentals

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High positive correlations

CIG18006	+ 1.0	0P000070HA
0P000070HA	+ 0.99	0P000075FV
CIG18006	+ 0.99	0P000075FV
FTHI	+ 0.98	0P000075FV
0P000075FV	+ 0.97	AGF5036
MFC650	+ 0.97	AGF5036

High negative correlations

HIG	- 0.88	AGF5036
CIG18006	- 0.86	HIG
0P000070HA	- 0.86	HIG
HIG	- 0.86	0P000075FV
HIG	- 0.85	FTHI
HIG	- 0.79	0P00007694

Risk-Adjusted Indicators

There is a big difference between Mackenzie Fund performing well and Mackenzie Canadian Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Mackenzie Canadian's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
AGF5036	0.69	0.21	0.17	0.61	0.51	(0.82)	1.56	(1.27)	4.77
0P000075FV	0.47	0.15	0.10	0.64	0.19	(0.57)	1.11	(0.88)	2.55
MFC650	0.43	0.06	(0.06)	0.31	0.34	(0.48)	0.95	(0.67)	2.69
FTHI	0.42	0.11	0.04	0.51	0.00	(0.54)	1.11	(0.60)	3.05
0P00007694	0.45	0.06	(0.06)	0.34	0.45	(0.50)	1.01	(0.82)	2.86
BLB-UN	0.48	0.02	(0.03)	0.45	1.14	(1.37)	2.08	(0.96)	11.33
HIG	0.67	(0.16)	0.00	(0.53)	0.00	0.00	1.22	(1.92)	4.30
0P000070HA	1.01	0.21	0.11	0.54	1.10	(1.17)	2.77	(2.23)	5.87
CIG18006	1.01	0.21	0.11	0.54	1.10	(1.17)	2.77	(2.23)	5.87

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Mackenzie Canadian Competitive Analysis

The better you understand Mackenzie Canadian competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Mackenzie Canadian's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Mackenzie Canadian's competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

View Performance Chart

	MFC650	AGF5036	0P000075FV	FTHI	0P00007694	BLB-UN	HIG	0P000070HA	CIG18006
	0.24 50.28 Mackenzie	0.03 73.00 AGF	0.28 131.36 Fidelity	0.18 11.09 Fidelity	0.07 27.91 Fidelity	0.00 7.97 Bloom	0.24 8.21 Global	0.18 103.80 0P000070HA	0.18 103.80 CIG18006
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Very steady	Not too volatile	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	Good	Strong	Solid	Solid	Good	Weak	Very Weak	Solid	Solid
Odds of Financial Distress (Probability Of Bankruptcy)	Unknown	Unknown	About Average	Unknown	About Average	About Average	Low	Low	Unknown
Current Valuation (Equity Enterprise Value)	Fairly Valued	Under Valued	Under Valued	Over Valued	Fairly Valued	Over Valued	Fairly Valued	Under Valued	Under Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Strong Hold	Strong Buy	Strong Buy	Strong Sell	Hold	Not Rated	Hold	Strong Buy	Strong Buy
Equity Positions Weight			N/A		N/A	N/A	49.27	97.05
Cash Position Weight			N/A		N/A	N/A	N/A	2.95
Holdings Turnover			N/A		N/A	N/A	110.7	N/A
Three Year Return			N/A		N/A	N/A	N/A	17.61
Net Asset			N/A		N/A	N/A	52.52 M	356.32 M
Minimum Initial Investment			N/A		N/A	N/A	N/A	500
Five Year Return			N/A		N/A	N/A	N/A	17.62
Last Dividend Paid			N/A		N/A	N/A	0.05	N/A
One Year Return			N/A		N/A	N/A	N/A	30.87
Ten Year Return			N/A		N/A	N/A	N/A	19.58
Day Typical Price	50.28	73.0	131.36	11.09	27.91	7.97	8.21	103.8	103.8
Accumulation Distribution	N/A	N/A	N/A	9.0E-4	N/A	N/A	0.0012	N/A	N/A
Market Facilitation Index	N/A	N/A	N/A	0.01	N/A	N/A	0.01	N/A	N/A
Daily Balance Of Power	9.2 T	9.2 T	9.2 T	2.0	9.2 T	0.0	(2.00)	(9,223,372,036,855)	(9,223,372,036,855)
Period Momentum Indicator	0.12	0.02	0.37	0.02	0.02	N/A	(0.02)	(0.19)	(0.19)
Rate Of Daily Change	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0
Day Median Price	50.28	73.0	131.36	11.09	27.91	7.97	8.22	103.8	103.8
Price Action Indicator	0.06	0.01	0.19	0.015	0.01	N/A	(0.01)	(0.1)	(0.1)
Relative Strength Index	67.1	78.76	79.98	72.68	65.99	37.31	44.44	77.75	77.75
Coefficient Of Variation	493.89	334.18	319.6	357.34	604.0	3091.38	(767.59)	490.19	490.19
Mean Deviation	0.4333	0.6877	0.4744	0.4157	0.4501	0.4826	0.6724	1.01	1.01
Jensen Alpha	0.0581	0.2082	0.1506	0.1103	0.0567	0.0221	(0.16)	0.2059	0.2059
Total Risk Alpha	0.0091	0.1107	0.0823	0.0533	(0.01)	(0.18)	(0.28)	0.0409	0.0409
Sortino Ratio	(0.06)	0.168	0.1027	0.0397	(0.06)	(0.03)	N/A	0.1085	0.1085
Downside Variance	0.2763	0.6499	0.3429	0.2367	0.4082	8.87	N/A	1.72	1.72
Standard Deviation	0.536	0.9125	0.6321	0.5607	0.6074	1.26	0.8945	1.37	1.37
Kurtosis	0.2699	1.57	1.19	1.75	0.7713	28.15	1.06	1.35	1.35
Potential Upside	0.947	1.56	1.11	1.11	1.01	2.08	1.22	2.77	2.77
Treynor Ratio	0.3107	0.6116	0.6448	0.5128	0.3417	0.4514	(0.53)	0.5379	0.5379
Maximum Drawdown	2.69	4.77	2.55	3.05	2.86	11.33	4.3	5.87	5.87
Variance	0.2873	0.8327	0.3995	0.3144	0.3689	1.59	0.8001	1.88	1.88
Market Risk Adjusted Performance	0.3207	0.6216	0.6548	0.5228	0.3517	0.4614	(0.52)	0.5479	0.5479
Risk Adjusted Performance	0.1505	0.2304	0.2371	0.2103	0.124	0.0287	(0.1)	0.1604	0.1604
Skewness	(0.34)	0.2896	(0.05)	0.7366	(0.35)	(3.80)	(0.80)	(0.05)	(0.05)
Semi Deviation	0.3364	0.5082	0.1936	0.0	0.4543	1.14	N/A	1.1	1.1
Information Ratio	(0.05)	0.1484	0.0952	0.0344	(0.06)	(0.08)	(0.28)	0.1037	0.1037
Value At Risk	(0.67)	(1.27)	(0.88)	(0.60)	(0.82)	(0.96)	(1.92)	(2.23)	(2.23)
Expected Short fall	(0.48)	(0.82)	(0.57)	(0.54)	(0.50)	(1.37)	N/A	(1.17)	(1.17)
Downside Deviation	0.5256	0.8062	0.5855	0.4865	0.6389	2.98	N/A	1.31	1.31
Semi Variance	0.1132	0.2582	0.0375	(0.01)	0.2064	1.3	N/A	1.21	1.21

Mackenzie Canadian Competition Performance Charts

Five steps to successful analysis of Mackenzie Canadian Competition

Mackenzie Canadian's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Mackenzie Canadian Growth in relation to its competition. Mackenzie Canadian's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Mackenzie Canadian in the market, both direct and indirect, as well as new entrants and disruptive technologies.
Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Mackenzie Canadian's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Mackenzie Canadian Growth, and developing a strategy to address them.
Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.

Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Mackenzie Canadian position

In addition to having Mackenzie Canadian in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Wholesale theme has 61 constituents at this time.

You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Wholesale Theme or any other thematic opportunities.

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