Mackenzie Investment Grade Etf Market Value
| QUIG Etf | CAD 86.41 0.64 0.75% |
| Symbol | Mackenzie |
Mackenzie Investment '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 Investment'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 Investment.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Mackenzie Investment on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Mackenzie Investment Grade or generate 0.0% return on investment in Mackenzie Investment over 30 days. Mackenzie Investment is related to or competes with Mackenzie High, Mackenzie Core, Mackenzie Canadian, and Mackenzie Core. Mackenzie US Investment Grade Corporate Bond Index ETF seeks to replicate, to the extent reasonably possible and before ... More
Mackenzie Investment 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 Investment'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 Investment Grade upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.51) | |||
| Maximum Drawdown | 1.48 | |||
| Value At Risk | (0.51) | |||
| Potential Upside | 0.4972 |
Mackenzie Investment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mackenzie Investment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mackenzie Investment's standard deviation. In reality, there are many statistical measures that can use Mackenzie Investment historical prices to predict the future Mackenzie Investment's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | (1.69) |
Mackenzie Investment Backtested Returns
Mackenzie Investment has Sharpe Ratio of -0.0893, which conveys that the entity had a -0.0893% return per unit of risk over the last 3 months. Mackenzie Investment exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mackenzie Investment's Risk Adjusted Performance of (0.09), standard deviation of 0.3083, and Mean Deviation of 0.2342 to check out the risk estimate we provide. The etf secures a Beta (Market Risk) of 0.0227, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Mackenzie Investment's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mackenzie Investment is expected to be smaller as well.
Auto-correlation | -0.26 |
Weak reverse predictability
Mackenzie Investment Grade has weak reverse predictability. Overlapping area represents the amount of predictability between Mackenzie Investment time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Investment price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Mackenzie Investment price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Mackenzie Investment lagged returns against current returns
Autocorrelation, which is Mackenzie Investment 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 Investment's etf expected returns. We can calculate the autocorrelation of Mackenzie Investment returns to help us make a trade decision. For example, suppose you find that Mackenzie Investment 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 Investment 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 Investment etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mackenzie Investment etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mackenzie Investment etf over time.
Current vs Lagged Prices |
| Timeline |
Mackenzie Investment Lagged Returns
When evaluating Mackenzie Investment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mackenzie Investment etf have on its future price. Mackenzie Investment 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 Investment autocorrelation shows the relationship between Mackenzie Investment etf current value and its past values and can show if there is a momentum factor associated with investing in Mackenzie Investment Grade.
Regressed Prices |
| Timeline |
Pair Trading with Mackenzie Investment
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 Investment 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 Investment will appreciate offsetting losses from the drop in the long position's value.Moving together with Mackenzie Etf
Moving against Mackenzie Etf
| 0.75 | TUSB | TD Select Short | PairCorr |
| 0.73 | ZSP | BMO SP 500 | PairCorr |
| 0.73 | VFV | Vanguard SP 500 | PairCorr |
| 0.72 | RUSB | RBC Short Term | PairCorr |
| 0.62 | XIU | iShares SPTSX 60 | PairCorr |
The ability to find closely correlated positions to Mackenzie Investment 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 Investment 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 Investment - 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 Investment Grade to buy it.
The correlation of Mackenzie Investment 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 Investment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mackenzie Investment 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 Investment 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 Investment 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 Investment security.