Mackenzie Aggregate Bond Etf Performance
| QUB Etf | 81.48 0.32 0.39% |
The etf secures a Beta (Market Risk) of 0.0171, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Mackenzie Aggregate's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mackenzie Aggregate is expected to be smaller as well.
Risk-Adjusted Performance
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Over the last 90 days Mackenzie Aggregate Bond has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of very healthy fundamental drivers, Mackenzie Aggregate 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 | -0.82 |
Mackenzie |
Mackenzie Aggregate Relative Risk vs. Return Landscape
If you would invest 8,256 in Mackenzie Aggregate Bond on August 29, 2024 and sell it today you would lose (108.00) from holding Mackenzie Aggregate Bond or give up 1.31% of portfolio value over 90 days. Mackenzie Aggregate Bond is producing return of less than zero assuming 0.3079% volatility of returns over the 90 days investment horizon. Simply put, 2% of all etfs have less volatile historical return distribution than Mackenzie Aggregate, 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 Aggregate Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mackenzie Aggregate's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Mackenzie Aggregate Bond, and traders can use it to determine the average amount a Mackenzie Aggregate'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 = -0.0664
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| Negative Returns | QUB |
Estimated Market Risk
| 0.31 actual daily | 2 98% of assets are more volatile |
Expected Return
| -0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.07 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Mackenzie Aggregate 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 Aggregate by adding Mackenzie Aggregate to a well-diversified portfolio.
Mackenzie Aggregate Fundamentals Growth
Mackenzie Etf prices reflect investors' perceptions of the future prospects and financial health of Mackenzie Aggregate, and Mackenzie Aggregate 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.
About Mackenzie Aggregate Performance
By examining Mackenzie Aggregate's fundamental ratios, stakeholders can obtain critical insights into Mackenzie Aggregate'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 Aggregate 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 Aggregate is entity of Canada. It is traded as Etf on TO exchange.| Mackenzie Aggregate generated a negative expected return over the last 90 days | |
| The fund generated three year return of -3.0% |
Other Information on Investing in Mackenzie Etf
Mackenzie Aggregate 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 Aggregate security.