Mackenzie High Yield Etf Performance
| QHY Etf | CAD 84.02 0.18 0.21% |
The etf secures a Beta (Market Risk) of -0.0661, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mackenzie High are expected to decrease at a much lower rate. During the bear market, Mackenzie High is likely to outperform the market.
Risk-Adjusted Performance
5 of 100
Weak | Strong |
Modest
Compared to the overall equity markets, risk-adjusted returns on investments in Mackenzie High Yield are ranked lower than 5 (%) of all global equities and portfolios over the last 90 days. In spite of very healthy basic indicators, Mackenzie High 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 | -0.14 |
Mackenzie |
Mackenzie High Relative Risk vs. Return Landscape
If you would invest 8,261 in Mackenzie High Yield on August 29, 2024 and sell it today you would earn a total of 141.00 from holding Mackenzie High Yield or generate 1.71% return on investment over 90 days. Mackenzie High Yield is generating 0.0281% of daily returns assuming 0.3933% volatility of returns over the 90 days investment horizon. Simply put, 3% of all etfs have less volatile historical return distribution than Mackenzie High, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Mackenzie High Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mackenzie High's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Mackenzie High Yield, and traders can use it to determine the average amount a Mackenzie High'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 = 0.0713
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | QHY |
Estimated Market Risk
| 0.39 actual daily | 3 97% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average Mackenzie High is performing at about 5% 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.
Mackenzie High Fundamentals Growth
Mackenzie Etf prices reflect investors' perceptions of the future prospects and financial health of Mackenzie High, and Mackenzie High 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 | 37.13 M | |||
About Mackenzie High Performance
By examining Mackenzie High's fundamental ratios, stakeholders can obtain critical insights into Mackenzie High'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 High 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 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.| The fund maintains about 21.56% of its assets in bonds |
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.