Mackenzie Developed Ex North Etf Market Value
| QDXB Etf | 88.99 0.20 0.22% |
| Symbol | Mackenzie |
Mackenzie Developed '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 Developed'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 Developed.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Mackenzie Developed on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Mackenzie Developed ex North or generate 0.0% return on investment in Mackenzie Developed over 720 days. Mackenzie Developed is related to or competes with Franklin Global, CI Enhanced, PIMCO Global, CIBC Core, Mackenzie Core, Global X, and Mackenzie Global. Mackenzie Developed is entity of Canada. It is traded as Etf on TO exchange. More
Mackenzie Developed 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 Developed'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 Developed ex North upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3495 | |||
| Information Ratio | (0.30) | |||
| Maximum Drawdown | 1.74 | |||
| Value At Risk | (0.64) | |||
| Potential Upside | 0.5751 |
Mackenzie Developed Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mackenzie Developed's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mackenzie Developed's standard deviation. In reality, there are many statistical measures that can use Mackenzie Developed historical prices to predict the future Mackenzie Developed's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.31) | |||
| Treynor Ratio | (0.12) |
Mackenzie Developed Backtested Returns
As of now, Mackenzie Etf is very steady. Mackenzie Developed has Sharpe Ratio of 0.0195, which conveys that the entity had a 0.0195% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Mackenzie Developed, which you can use to evaluate the volatility of the etf. Please verify Mackenzie Developed's Downside Deviation of 0.3495, mean deviation of 0.2765, and Risk Adjusted Performance of (0.01) to check out if the risk estimate we provide is consistent with the expected return of 0.0071%. The etf secures a Beta (Market Risk) of 0.0718, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Mackenzie Developed's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mackenzie Developed is expected to be smaller as well.
Auto-correlation | 0.00 |
No correlation between past and present
Mackenzie Developed ex North has no correlation between past and present. Overlapping area represents the amount of predictability between Mackenzie Developed time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 Developed price movement. The serial correlation of 0.0 indicates that just 0.0% of current Mackenzie Developed price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 1.4 |
Mackenzie Developed lagged returns against current returns
Autocorrelation, which is Mackenzie Developed 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 Developed's etf expected returns. We can calculate the autocorrelation of Mackenzie Developed returns to help us make a trade decision. For example, suppose you find that Mackenzie Developed 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 Developed 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 Developed etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mackenzie Developed etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mackenzie Developed etf over time.
Current vs Lagged Prices |
| Timeline |
Mackenzie Developed Lagged Returns
When evaluating Mackenzie Developed's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mackenzie Developed etf have on its future price. Mackenzie Developed 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 Developed autocorrelation shows the relationship between Mackenzie Developed etf current value and its past values and can show if there is a momentum factor associated with investing in Mackenzie Developed ex North.
Regressed Prices |
| Timeline |
Pair Trading with Mackenzie Developed
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 Developed 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 Developed will appreciate offsetting losses from the drop in the long position's value.Moving together with Mackenzie Etf
The ability to find closely correlated positions to Mackenzie Developed 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 Developed 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 Developed - 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 Developed ex North to buy it.
The correlation of Mackenzie Developed 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 Developed moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mackenzie Developed 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 Developed 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 Developed 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 Developed security.