Mackenzie Large Cap Etf Performance
| QUU Etf | CAD 244.65 2.69 1.11% |
The etf secures a Beta (Market Risk) of 0.43, 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.
Risk-Adjusted Performance
20 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Mackenzie Large Cap are ranked lower than 20 (%) of all global equities and portfolios over the last 90 days. In spite of very unfluctuating basic indicators, Mackenzie Large displayed solid returns over the last few months and may actually be approaching a breakup point. ...more
| In Threey Sharp Ratio | 0.68 |
Mackenzie |
Mackenzie Large Relative Risk vs. Return Landscape
If you would invest 21,567 in Mackenzie Large Cap on August 29, 2024 and sell it today you would earn a total of 2,898 from holding Mackenzie Large Cap or generate 13.44% return on investment over 90 days. Mackenzie Large Cap is generating 0.2066% of daily returns assuming 0.7937% volatility of returns over the 90 days investment horizon. Simply put, 7% of all etfs have less volatile historical return distribution than Mackenzie Large, and 96% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Mackenzie Large Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mackenzie Large's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Mackenzie Large Cap, and traders can use it to determine the average amount a Mackenzie Large'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 = 0.2604
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | QUU | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 0.79 actual daily | 7 93% of assets are more volatile |
Expected Return
| 0.21 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.26 actual daily | 20 80% of assets perform better |
Based on monthly moving average Mackenzie Large is performing at about 20% 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 Large by adding it to a well-diversified portfolio.
Mackenzie Large Fundamentals Growth
Mackenzie Etf prices reflect investors' perceptions of the future prospects and financial health of Mackenzie Large, and Mackenzie Large 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 | 187.57 M | |||
About Mackenzie Large Performance
By examining Mackenzie Large's fundamental ratios, stakeholders can obtain critical insights into Mackenzie Large'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 Large 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 US Large Cap Equity Index ETF seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the Solactive US Large Cap Index, or any successor thereto. MACKENZIE is traded on Toronto Stock Exchange in Canada.| The fund maintains all of its assets in stocks |
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.