Mackenzie Core Plus Etf Performance
| MGB Etf | CAD 16.39 0.08 0.49% |
The etf secures a Beta (Market Risk) of 0.0902, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Mackenzie Core's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mackenzie Core is expected to be smaller as well.
Risk-Adjusted Performance
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Over the last 90 days Mackenzie Core Plus has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of very healthy fundamental drivers, Mackenzie Core is not utilizing all of its potentials. The recent stock price disarray, may contribute to short-term losses for the investors. ...more
1 | Top performing global bond ETFs - The Globe and Mail | 10/30/2024 |
| In Threey Sharp Ratio | -0.61 |
Mackenzie |
Mackenzie Core Relative Risk vs. Return Landscape
If you would invest 1,646 in Mackenzie Core Plus on August 28, 2024 and sell it today you would lose (7.00) from holding Mackenzie Core Plus or give up 0.43% of portfolio value over 90 days. Mackenzie Core Plus is producing return of less than zero assuming 0.3604% volatility of returns over the 90 days investment horizon. Simply put, 3% of all etfs have less volatile historical return distribution than Mackenzie Core, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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Mackenzie Core Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mackenzie Core's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Mackenzie Core Plus, and traders can use it to determine the average amount a Mackenzie Core'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 = -0.017
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| Negative Returns | MGB |
Estimated Market Risk
| 0.36 actual daily | 3 97% of assets are more volatile |
Expected Return
| -0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Mackenzie Core is not performing at its full potential. However, 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 Core by adding Mackenzie Core to a well-diversified portfolio.
Mackenzie Core Fundamentals Growth
Mackenzie Etf prices reflect investors' perceptions of the future prospects and financial health of Mackenzie Core, and Mackenzie Core fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Mackenzie Etf performance.
| Total Asset | 173.55 M | |||
About Mackenzie Core Performance
By examining Mackenzie Core's fundamental ratios, stakeholders can obtain critical insights into Mackenzie Core's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Mackenzie Core is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
Mackenzie Core Plus Global Fixed Income ETF seeks to provide a steady flow of income with an emphasis on capital preservation by investing primarily in investment-grade fixed-income securities denominated in Canadian or foreign currencies that are issued by companies or governments. MACKENZIE CORE is traded on Toronto Stock Exchange in Canada.| Mackenzie Core Plus generated a negative expected return over the last 90 days | |
| Latest headline from news.google.com: Top performing global bond ETFs - The Globe and Mail | |
| The fund generated three year return of -1.0% | |
| Mackenzie Core Plus maintains about 27.33% of its assets in bonds |
Other Information on Investing in Mackenzie Etf
Mackenzie Core 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 Core security.