Mackenzie High Yield Etf Price on September 3, 2024
| QHY Etf | CAD 83.64 0.11 0.13% |
Below is the normalized historical share price chart for Mackenzie High Yield extending back to January 31, 2018. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Mackenzie High stands at 83.64, as last reported on the 23rd of November, with the highest price reaching 83.64 and the lowest price hitting 83.64 during the day.
If you're considering investing in Mackenzie Etf, it is important to understand the factors that can impact its price. As of now, Mackenzie Etf is very steady. Mackenzie High Yield has Sharpe Ratio of 0.0526, which conveys that the entity had a 0.0526% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Mackenzie High, which you can use to evaluate the volatility of the etf. Please verify Mackenzie High's Mean Deviation of 0.2603, downside deviation of 0.3751, and Risk Adjusted Performance of 0.0374 to check out if the risk estimate we provide is consistent with the expected return of 0.0204%.
Mackenzie Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 9.17 | 200 Day MA 84.4858 | 1 y Volatility 6.23 | 50 Day MA 84.7086 | Inception Date 2018-01-24 |
Mackenzie |
Sharpe Ratio = 0.0526
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| Negative Returns | QHY |
Estimated Market Risk
| 0.39 actual daily | 3 97% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 4 96% of assets perform better |
Based on monthly moving average Mackenzie High is performing at about 4% 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 High by adding it to a well-diversified portfolio.
Average Mkt Cap Mil 1 K |
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Mackenzie High Valuation on September 3, 2024
It is possible to determine the worth of Mackenzie High on a given historical date. On September 3, 2024 Mackenzie was worth 82.45 at the beginning of the trading date compared to the closed value of 82.45. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Mackenzie High etf. Still, in general, we apply an absolute valuation method to find Mackenzie High's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Mackenzie High where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Mackenzie High's related companies.
| Open | High | Low | Close | Volume | |
| 82.66 | 82.66 | 82.66 | 82.66 | 1.00 | |
09/03/2024 | 82.45 | 82.45 | 82.45 | 82.45 | 200.00 |
| 82.30 | 82.30 | 82.30 | 82.30 | 1.00 |
| Backtest Mackenzie High | | | Mackenzie High History | | | Mackenzie High Valuation | Previous | Next |
Mackenzie High Trading Date Momentum on September 3, 2024
| On September 04 2024 Mackenzie High Yield was traded for 82.30 at the closing time. The maximum traded price for the trading interval was 82.30 and the lowest daily price was 82.30 . There was no trading activity during the period 1.0. Lack of trading volume on 4th of September 2024 played a part in the next trading day price drop. The trading delta at closing time to the next closing price was 0.18% . The trading delta at closing time to the closing price today is 0.72% . |
Mackenzie High Yield Fundamentals Correlations and Trends
By evaluating Mackenzie High's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Mackenzie High's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Mackenzie financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Mackenzie High Etf history
Mackenzie High investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Mackenzie is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Mackenzie High Yield will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Mackenzie High stock prices may prove useful in developing a viable investing in Mackenzie High
Mackenzie US High Yield Bond Index ETF seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the Solactive USD High Yield Corporates Total Market Hedged to CAD Index, or any successor thereto. MACKENZIE is traded on Toronto Stock Exchange in Canada.
Mackenzie High Etf Technical Analysis
Mackenzie High technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
Price Boundaries
Mackenzie High Period Price Range
Low | November 23, 2024
| High |
0.00 | 0.00 |
Mackenzie High Yield cannot be verified against its exchange. Please verify the symbol is currently traded on Toronto Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Mackenzie High November 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Mackenzie High etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Mackenzie High shares will generate the highest return on investment. By undertsting and applying Mackenzie High etf market strength indicators, traders can identify Mackenzie High Yield entry and exit signals to maximize returns
Mackenzie High Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Mackenzie High's price direction in advance. Along with the technical and fundamental analysis of Mackenzie Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Mackenzie to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0374 | |||
| Jensen Alpha | 0.0229 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.29) | |||
| Treynor Ratio | (0.18) |
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Other Information on Investing in Mackenzie Etf
Mackenzie High 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 High security.