Mackenzie Large Cap Etf Market Value
| QUU Etf | CAD 240.83 0.22 0.09% |
| Symbol | Mackenzie |
Mackenzie Large '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 Large'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 Large.
| 02/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Mackenzie Large on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Mackenzie Large Cap or generate 0.0% return on investment in Mackenzie Large over 270 days. Mackenzie Large is related to or competes with Mackenzie Canadian, BMO MSCI, Goldman Sachs, BMO Long, and BMO Short. Mackenzie US Large Cap Equity Index ETF seeks to replicate, to the extent reasonably possible and before fees and expens... More
Mackenzie Large 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 Large'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 Large Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7257 | |||
| Information Ratio | 0.0255 | |||
| Maximum Drawdown | 4.46 | |||
| Value At Risk | (1.13) | |||
| Potential Upside | 1.25 |
Mackenzie Large Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mackenzie Large's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mackenzie Large's standard deviation. In reality, there are many statistical measures that can use Mackenzie Large historical prices to predict the future Mackenzie Large's volatility.| Risk Adjusted Performance | 0.1494 | |||
| Jensen Alpha | 0.0922 | |||
| Total Risk Alpha | 0.0187 | |||
| Sortino Ratio | 0.0271 | |||
| Treynor Ratio | 0.3514 |
Mackenzie Large Cap Backtested Returns
As of now, Mackenzie Etf is very steady. Mackenzie Large Cap has Sharpe Ratio of 0.22, which conveys that the entity had a 0.22% return per unit of risk over the last 3 months. We have found thirty technical indicators for Mackenzie Large, which you can use to evaluate the volatility of the etf. Please verify Mackenzie Large's Downside Deviation of 0.7257, risk adjusted performance of 0.1494, and Mean Deviation of 0.5329 to check out if the risk estimate we provide is consistent with the expected return of 0.17%. The etf secures a Beta (Market Risk) of 0.4, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Mackenzie Large's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mackenzie Large is expected to be smaller as well.
Auto-correlation | 0.86 |
Very good predictability
Mackenzie Large Cap has very good predictability. Overlapping area represents the amount of predictability between Mackenzie Large time series from 27th of February 2024 to 11th of July 2024 and 11th of July 2024 to 23rd 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 Large Cap price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current Mackenzie Large price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.86 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 88.0 |
Mackenzie Large Cap lagged returns against current returns
Autocorrelation, which is Mackenzie Large 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 Large's etf expected returns. We can calculate the autocorrelation of Mackenzie Large returns to help us make a trade decision. For example, suppose you find that Mackenzie Large 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 Large 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 Large etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mackenzie Large etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mackenzie Large etf over time.
Current vs Lagged Prices |
| Timeline |
Mackenzie Large Lagged Returns
When evaluating Mackenzie Large's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mackenzie Large etf have on its future price. Mackenzie Large 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 Large autocorrelation shows the relationship between Mackenzie Large etf current value and its past values and can show if there is a momentum factor associated with investing in Mackenzie Large Cap.
Regressed Prices |
| Timeline |
Pair Trading with Mackenzie Large
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 Large 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 Large will appreciate offsetting losses from the drop in the long position's value.Moving together with Mackenzie Etf
| 0.97 | XSP | iShares Core SP | PairCorr |
| 1.0 | ZSP | BMO SP 500 | PairCorr |
| 1.0 | VFV | Vanguard SP 500 | PairCorr |
| 1.0 | HXS | Global X SP | PairCorr |
| 1.0 | XUS | iShares Core SP | PairCorr |
The ability to find closely correlated positions to Mackenzie Large 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 Large 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 Large - 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 Large Cap to buy it.
The correlation of Mackenzie Large 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 Large moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mackenzie Large Cap 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 Large 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 Large 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 Large security.