Mackenzie Bluewater Canadian Fund Manager Performance Evaluation
| MFC091 Fund | 19.43 0.04 0.21% |
The fund secures a Beta (Market Risk) of 0.25, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Mackenzie Bluewater's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mackenzie Bluewater is expected to be smaller as well.
Risk-Adjusted Performance
16 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Mackenzie Bluewater Canadian are ranked lower than 16 (%) of all funds and portfolios of funds over the last 90 days. Despite somewhat weak fundamental indicators, Mackenzie Bluewater may actually be approaching a critical reversion point that can send shares even higher in January 2025.
...moreMackenzie |
Mackenzie Bluewater Relative Risk vs. Return Landscape
If you would invest 1,809 in Mackenzie Bluewater Canadian on September 4, 2024 and sell it today you would earn a total of 134.00 from holding Mackenzie Bluewater Canadian or generate 7.41% return on investment over 90 days. Mackenzie Bluewater Canadian is generating 0.1149% of daily returns and assumes 0.5348% volatility on return distribution over the 90 days horizon. Simply put, 4% of funds are less volatile than Mackenzie, and 98% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Mackenzie Bluewater Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mackenzie Bluewater's investment risk. Standard deviation is the most common way to measure market volatility of funds, such as Mackenzie Bluewater Canadian, and traders can use it to determine the average amount a Mackenzie Bluewater's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.2149
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| Cash | MFC091 | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 0.53 actual daily | 4 96% of assets are more volatile |
Expected Return
| 0.11 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.21 actual daily | 16 84% of assets perform better |
Based on monthly moving average Mackenzie Bluewater is performing at about 16% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Mackenzie Bluewater by adding it to a well-diversified portfolio.
Things to note about Mackenzie Bluewater performance evaluation
Checking the ongoing alerts about Mackenzie Bluewater for important developments is a great way to find new opportunities for your next move. Fund alerts and notifications screener for Mackenzie Bluewater help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.Evaluating Mackenzie Bluewater's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Mackenzie Bluewater's fund performance include:- Analyzing Mackenzie Bluewater's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Mackenzie Bluewater's stock is overvalued or undervalued compared to its peers.
- Examining Mackenzie Bluewater's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Mackenzie Bluewater's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Mackenzie Bluewater's management team can help you assess the Fund's leadership.
- Pay attention to analyst opinions and ratings of Mackenzie Bluewater's fund. These opinions can provide insight into Mackenzie Bluewater's potential for growth and whether the stock is currently undervalued or overvalued.
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