Mackenzie Target 2027 Etf Market Value
| MTBA Etf | 20.08 0.06 0.30% |
| Symbol | Mackenzie |
Mackenzie Target '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 Target'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 Target.
| 10/04/2025 |
| 01/02/2026 |
If you would invest 0.00 in Mackenzie Target on October 4, 2025 and sell it all today you would earn a total of 0.00 from holding Mackenzie Target 2027 or generate 0.0% return on investment in Mackenzie Target over 90 days.
Mackenzie Target 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 Target'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 Target 2027 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.64) | |||
| Maximum Drawdown | 0.6495 |
Mackenzie Target Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mackenzie Target's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mackenzie Target's standard deviation. In reality, there are many statistical measures that can use Mackenzie Target historical prices to predict the future Mackenzie Target's volatility.| Risk Adjusted Performance | 0.0072 | |||
| Jensen Alpha | 2.0E-4 | |||
| Total Risk Alpha | (0.01) | |||
| Treynor Ratio | 0.0319 |
Mackenzie Target 2027 Backtested Returns
As of now, Mackenzie Etf is very steady. Mackenzie Target 2027 has Sharpe Ratio of 0.13, which conveys that the entity had a 0.13 % return per unit of risk over the last 3 months. We have found nineteen technical indicators for Mackenzie Target, which you can use to evaluate the volatility of the etf. Please verify Mackenzie Target's Risk Adjusted Performance of 0.0072, standard deviation of 0.0767, and Mean Deviation of 0.0281 to check out if the risk estimate we provide is consistent with the expected return of 0.0099%. The etf secures a Beta (Market Risk) of -0.0095, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mackenzie Target are expected to decrease at a much lower rate. During the bear market, Mackenzie Target is likely to outperform the market.
Auto-correlation | 0.38 |
Below average predictability
Mackenzie Target 2027 has below average predictability. Overlapping area represents the amount of predictability between Mackenzie Target time series from 4th of October 2025 to 18th of November 2025 and 18th of November 2025 to 2nd of January 2026. 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 Target 2027 price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Mackenzie Target price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Mackenzie Target 2027 lagged returns against current returns
Autocorrelation, which is Mackenzie Target 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 Target's etf expected returns. We can calculate the autocorrelation of Mackenzie Target returns to help us make a trade decision. For example, suppose you find that Mackenzie Target 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 Target 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 Target etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mackenzie Target etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mackenzie Target etf over time.
Current vs Lagged Prices |
| Timeline |
Mackenzie Target Lagged Returns
When evaluating Mackenzie Target's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mackenzie Target etf have on its future price. Mackenzie Target 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 Target autocorrelation shows the relationship between Mackenzie Target etf current value and its past values and can show if there is a momentum factor associated with investing in Mackenzie Target 2027.
Regressed Prices |
| Timeline |
Pair Trading with Mackenzie Target
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 Target 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 Target will appreciate offsetting losses from the drop in the long position's value.Moving against Mackenzie Etf
| 0.59 | TCLB | TD Canadian Long | PairCorr |
| 0.5 | XBB | iShares Canadian Universe | PairCorr |
| 0.48 | ZAG | BMO Aggregate Bond | PairCorr |
The ability to find closely correlated positions to Mackenzie Target 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 Target 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 Target - 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 Target 2027 to buy it.
The correlation of Mackenzie Target 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 Target moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mackenzie Target 2027 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 Target 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.