Mackenzie Floating Rate Etf Performance
| MFT Etf | CAD 17.20 0.01 0.06% |
The etf secures a Beta (Market Risk) of -0.0072, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mackenzie Floating are expected to decrease at a much lower rate. During the bear market, Mackenzie Floating is likely to outperform the market.
Risk-Adjusted Performance
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Over the last 90 days Mackenzie Floating Rate has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of very healthy basic indicators, Mackenzie Floating is not utilizing all of its potentials. The recent stock price disarray, may contribute to short-term losses for the investors. ...more
1 | Mackenzie Floating Rate Income ETF Quote - Press Release - The Globe and Mail | 09/18/2024 |
| In Threey Sharp Ratio | 0.15 |
Mackenzie |
Mackenzie Floating Relative Risk vs. Return Landscape
If you would invest 1,719 in Mackenzie Floating Rate on August 25, 2024 and sell it today you would earn a total of 1.00 from holding Mackenzie Floating Rate or generate 0.06% return on investment over 90 days. Mackenzie Floating Rate is generating 0.0013% of daily returns assuming 0.2963% volatility of returns over the 90 days investment horizon. Simply put, 2% of all etfs have less volatile historical return distribution than Mackenzie Floating, and 99% 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 Floating Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mackenzie Floating's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Mackenzie Floating Rate, and traders can use it to determine the average amount a Mackenzie Floating'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 = 0.0045
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | MFT |
Estimated Market Risk
| 0.3 actual daily | 2 98% of assets are more volatile |
Expected Return
| 0.0 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.0 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Mackenzie Floating 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 Floating by adding Mackenzie Floating to a well-diversified portfolio.
Mackenzie Floating Fundamentals Growth
Mackenzie Etf prices reflect investors' perceptions of the future prospects and financial health of Mackenzie Floating, and Mackenzie Floating 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 | 652.34 M | |||
About Mackenzie Floating Performance
By examining Mackenzie Floating's fundamental ratios, stakeholders can obtain critical insights into Mackenzie Floating'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 Floating 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 Floating Rate Income ETF seeks to generate current income by investing primarily in floating rate debt instruments andor high yield debt securities of issuers located anywhere in the world. MACKENZIE FLOATING is traded on Toronto Stock Exchange in Canada.| The fund maintains about 40.63% of its assets in bonds |
Other Information on Investing in Mackenzie Etf
Mackenzie Floating 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 Floating security.