Mackenzie All Equity Allocation Etf Performance
| MEQT Etf | 25.47 0.31 1.20% |
The etf secures a Beta (Market Risk) of 0.37, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Mackenzie All's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mackenzie All is expected to be smaller as well.
Risk-Adjusted Performance
14 of 100
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Compared to the overall equity markets, risk-adjusted returns on investments in Mackenzie All Equity Allocation are ranked lower than 14 (%) of all global equities and portfolios over the last 90 days. In spite of very unfluctuating basic indicators, Mackenzie All may actually be approaching a critical reversion point that can send shares even higher in December 2024. ...more
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Mackenzie All Relative Risk vs. Return Landscape
If you would invest 2,346 in Mackenzie All Equity Allocation on August 27, 2024 and sell it today you would earn a total of 201.00 from holding Mackenzie All Equity Allocation or generate 8.57% return on investment over 90 days. Mackenzie All Equity Allocation is generating 0.1332% of daily returns and assumes 0.7323% volatility on return distribution over the 90 days horizon. Simply put, 6% of etfs are less volatile than Mackenzie, and 98% 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 All Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mackenzie All's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Mackenzie All Equity Allocation, and traders can use it to determine the average amount a Mackenzie All'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 = 0.1819
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Estimated Market Risk
| 0.73 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.13 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.18 actual daily | 14 86% of assets perform better |
Based on monthly moving average Mackenzie All is performing at about 14% 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 All by adding it to a well-diversified portfolio.
About Mackenzie All Performance
By examining Mackenzie All's fundamental ratios, stakeholders can obtain critical insights into Mackenzie All'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 All 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 All is entity of Canada. It is traded as Etf on TO exchange.