Mackenzie International Equity Etf Performance
| QDX Etf | CAD 119.77 0.09 0.08% |
The etf secures a Beta (Market Risk) of 0.3, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Mackenzie International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mackenzie International is expected to be smaller as well.
Risk-Adjusted Performance
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Over the last 90 days Mackenzie International Equity has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of very healthy basic indicators, Mackenzie International is not utilizing all of its potentials. The recent stock price disarray, may contribute to short-term losses for the investors. ...more
| In Threey Sharp Ratio | 0.29 |
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Mackenzie International Relative Risk vs. Return Landscape
If you would invest 11,946 in Mackenzie International Equity on September 2, 2024 and sell it today you would earn a total of 31.00 from holding Mackenzie International Equity or generate 0.26% return on investment over 90 days. Mackenzie International Equity is generating 0.0066% of daily returns assuming 0.7189% volatility of returns over the 90 days investment horizon. Simply put, 6% of all etfs have less volatile historical return distribution than Mackenzie International, 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 International Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mackenzie International's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Mackenzie International Equity, and traders can use it to determine the average amount a Mackenzie International'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 = 0.0092
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| Negative Returns | QDX |
Estimated Market Risk
| 0.72 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Mackenzie International 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 International by adding Mackenzie International to a well-diversified portfolio.
Mackenzie International Fundamentals Growth
Mackenzie Etf prices reflect investors' perceptions of the future prospects and financial health of Mackenzie International, and Mackenzie International 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 | 16.81 M | |||
About Mackenzie International Performance
By examining Mackenzie International's fundamental ratios, stakeholders can obtain critical insights into Mackenzie International'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 International 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 International Equity Index ETF seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the Solactive GBS Developed Markets ex North America Large Mid Cap CAD Index , or any successor thereto. MACKENZIE INTERNATIONAL is traded on Toronto Stock Exchange in Canada.Other Information on Investing in Mackenzie Etf
Mackenzie International 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 International security.