Mackenzie Conservative Allocation Etf Market Value
| MCON Etf | CAD 22.44 0.04 0.18% |
| Symbol | Mackenzie |
Mackenzie Conservative '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 Mackenzie Conservative's etf 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 Mackenzie Conservative.
| 11/06/2023 |
| 11/30/2024 |
If you would invest 0.00 in Mackenzie Conservative on November 6, 2023 and sell it all today you would earn a total of 0.00 from holding Mackenzie Conservative Allocation or generate 0.0% return on investment in Mackenzie Conservative over 390 days. Mackenzie Conservative is related to or competes with Vanguard Conservative, Vanguard Balanced, IShares Core, and IShares Core. MACKENZIE CONSERVATIVE is traded on Toronto Stock Exchange in Canada. More
Mackenzie Conservative 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 Mackenzie Conservative's etf 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 Mackenzie Conservative Allocation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4072 | |||
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 1.61 | |||
| Value At Risk | (0.50) | |||
| Potential Upside | 0.6461 |
Mackenzie Conservative Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mackenzie Conservative's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mackenzie Conservative's standard deviation. In reality, there are many statistical measures that can use Mackenzie Conservative historical prices to predict the future Mackenzie Conservative's volatility.| Risk Adjusted Performance | 0.1096 | |||
| Jensen Alpha | 0.0436 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.20) | |||
| Treynor Ratio | 9.2 |
Mackenzie Conservative Backtested Returns
As of now, Mackenzie Etf is very steady. Mackenzie Conservative has Sharpe Ratio of 0.17, which conveys that the entity had a 0.17% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Mackenzie Conservative, which you can use to evaluate the volatility of the etf. Please verify Mackenzie Conservative's Risk Adjusted Performance of 0.1096, mean deviation of 0.2173, and Coefficient Of Variation of 625.75 to check out if the risk estimate we provide is consistent with the expected return of 0.0582%. The etf secures a Beta (Market Risk) of 0.0048, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Mackenzie Conservative's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mackenzie Conservative is expected to be smaller as well.
Auto-correlation | 0.93 |
Excellent predictability
Mackenzie Conservative Allocation has excellent predictability. Overlapping area represents the amount of predictability between Mackenzie Conservative time series from 6th of November 2023 to 19th of May 2024 and 19th of May 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 Mackenzie Conservative price movement. The serial correlation of 0.93 indicates that approximately 93.0% of current Mackenzie Conservative price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.93 | |
| Spearman Rank Test | 0.9 | |
| Residual Average | 0.0 | |
| Price Variance | 0.24 |
Mackenzie Conservative lagged returns against current returns
Autocorrelation, which is Mackenzie Conservative etf'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 Mackenzie Conservative's etf expected returns. We can calculate the autocorrelation of Mackenzie Conservative returns to help us make a trade decision. For example, suppose you find that Mackenzie Conservative has exhibited high autocorrelation historically, and you observe that the etf 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 |
Mackenzie Conservative 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 Mackenzie Conservative etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mackenzie Conservative etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mackenzie Conservative etf over time.
Current vs Lagged Prices |
| Timeline |
Mackenzie Conservative Lagged Returns
When evaluating Mackenzie Conservative's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mackenzie Conservative etf have on its future price. Mackenzie Conservative 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, Mackenzie Conservative autocorrelation shows the relationship between Mackenzie Conservative etf current value and its past values and can show if there is a momentum factor associated with investing in Mackenzie Conservative Allocation.
Regressed Prices |
| Timeline |
Pair Trading with Mackenzie Conservative
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 Mackenzie Conservative 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 Mackenzie Conservative will appreciate offsetting losses from the drop in the long position's value.Moving together with Mackenzie Etf
| 0.76 | VRIF | Vanguard Retirement | PairCorr |
| 0.68 | VCIP | Vanguard Conservative | PairCorr |
| 0.75 | ETP | First Trust Global | PairCorr |
| 0.71 | XINC | iShares Core Income | PairCorr |
Moving against Mackenzie Etf
The ability to find closely correlated positions to Mackenzie Conservative could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mackenzie Conservative 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 Mackenzie Conservative - 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 Mackenzie Conservative Allocation to buy it.
The correlation of Mackenzie Conservative 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 Mackenzie Conservative moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mackenzie Conservative 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 Mackenzie Conservative 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 Mackenzie Etf
Mackenzie Conservative 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 Conservative security.