Mawer Canadien Actions Fund Market Value
| 0P00007173 | CAD 102.91 0.34 0.33% |
| Symbol | Mawer |
Mawer Canadien 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Mawer Canadien's fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Mawer Canadien.
| 02/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in Mawer Canadien on February 9, 2023 and sell it all today you would earn a total of 0.00 from holding Mawer Canadien actions or generate 0.0% return on investment in Mawer Canadien over 660 days. Mawer Canadien is related to or competes with PHN Canadian, IShares Canadian, PHN Multi, Altagas Cum, EcoSynthetix, and European Residential. The objective of the Mawer Canadian Equity Fund to invest for above-average long-term, risk-adjusted returns by investin... More
Mawer Canadien Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Mawer Canadien's fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Mawer Canadien actions upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4596 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 2.41 | |||
| Value At Risk | (0.53) | |||
| Potential Upside | 1.01 |
Mawer Canadien Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mawer Canadien's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mawer Canadien's standard deviation. In reality, there are many statistical measures that can use Mawer Canadien historical prices to predict the future Mawer Canadien's volatility.| Risk Adjusted Performance | 0.1768 | |||
| Jensen Alpha | 0.0698 | |||
| Total Risk Alpha | 0.0257 | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.3529 |
Mawer Canadien actions Backtested Returns
At this point, Mawer Canadien is very steady. Mawer Canadien actions has Sharpe Ratio of 0.25, which conveys that the entity had a 0.25% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Mawer Canadien, which you can use to evaluate the volatility of the fund. Please verify Mawer Canadien's Risk Adjusted Performance of 0.1768, mean deviation of 0.3924, and Downside Deviation of 0.4596 to check out if the risk estimate we provide is consistent with the expected return of 0.12%. The fund secures a Beta (Market Risk) of 0.31, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Mawer Canadien's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mawer Canadien is expected to be smaller as well.
Auto-correlation | -0.03 |
Very weak reverse predictability
Mawer Canadien actions has very weak reverse predictability. Overlapping area represents the amount of predictability between Mawer Canadien time series from 9th of February 2023 to 5th of January 2024 and 5th of January 2024 to 30th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Mawer Canadien actions price movement. The serial correlation of -0.03 indicates that only 3.0% of current Mawer Canadien price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 21.35 |
Mawer Canadien actions lagged returns against current returns
Autocorrelation, which is Mawer Canadien fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Mawer Canadien's fund expected returns. We can calculate the autocorrelation of Mawer Canadien returns to help us make a trade decision. For example, suppose you find that Mawer Canadien has exhibited high autocorrelation historically, and you observe that the fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Mawer Canadien regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Mawer Canadien fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mawer Canadien fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mawer Canadien fund over time.
Current vs Lagged Prices |
| Timeline |
Mawer Canadien Lagged Returns
When evaluating Mawer Canadien's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mawer Canadien fund have on its future price. Mawer Canadien autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Mawer Canadien autocorrelation shows the relationship between Mawer Canadien fund current value and its past values and can show if there is a momentum factor associated with investing in Mawer Canadien actions.
Regressed Prices |
| Timeline |
Pair Trading with Mawer Canadien
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Mawer Canadien position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Mawer Canadien will appreciate offsetting losses from the drop in the long position's value.Moving together with Mawer Fund
| 0.93 | 0P00007061 | RBC Canadian Equity | PairCorr |
| 0.94 | 0P0000N468 | PHN Canadian Equity | PairCorr |
| 0.91 | 0P0000706A | RBC Select Balanced | PairCorr |
| 0.93 | 0P00007069 | RBC Portefeuille | PairCorr |
The ability to find closely correlated positions to Mawer Canadien could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mawer Canadien when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Mawer Canadien - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Mawer Canadien actions to buy it.
The correlation of Mawer Canadien is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Mawer Canadien moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mawer Canadien actions moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Mawer Canadien can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Mawer Fund
Mawer Canadien financial ratios help investors to determine whether Mawer Fund 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 Mawer with respect to the benefits of owning Mawer Canadien security.
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