Mackenzie Core Beta vs. One Year Return
| MGB Etf | CAD 16.46 0.07 0.43% |
For Mackenzie Core profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Mackenzie Core to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Mackenzie Core Plus utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Mackenzie Core's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Mackenzie Core Plus over time as well as its relative position and ranking within its peers.
Mackenzie |
Mackenzie Core Plus One Year Return vs. Beta Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Mackenzie Core's current stock value. Our valuation model uses many indicators to compare Mackenzie Core value to that of its competitors to determine the firm's financial worth. Mackenzie Core Plus is rated number one ETF in beta as compared to similar ETFs. It is regarded third largest ETF in one year return as compared to similar ETFs reporting about 10.33 of One Year Return per Beta. Comparative valuation analysis is a catch-all model that can be used if you cannot value Mackenzie Core by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Mackenzie Core's Etf. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Mackenzie One Year Return vs. Beta
Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Mackenzie Core |
| = | 0.61 |
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
Mackenzie Core |
| = | 6.30 % |
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
Mackenzie One Year Return Comparison
Mackenzie Core is currently under evaluation in one year return as compared to similar ETFs.
Beta Analysis
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.
Mackenzie Core Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Mackenzie Core, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Mackenzie Core will eventually generate negative long term returns. The profitability progress is the general direction of Mackenzie Core's change in net profit over the period of time. It can combine multiple indicators of Mackenzie Core, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
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 Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Mackenzie Core. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Mackenzie Core position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Mackenzie Core's important profitability drivers and their relationship over time.
| Beta vs Three Year Return | ||
| Five Year Return vs One Year Return | ||
| Beta vs Net Asset | ||
| Last Dividend Paid vs One Year Return | ||
| Beta vs Equity Positions Weight | ||
| Bond Positions Weight vs One Year Return |
Use Mackenzie Core in pair-trading
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 Core 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 Core will appreciate offsetting losses from the drop in the long position's value.Mackenzie Core Pair Trading
Mackenzie Core Plus Pair Trading Analysis
The ability to find closely correlated positions to Mackenzie Core 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 Core 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 Core - 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 Core Plus to buy it.
The correlation of Mackenzie Core 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 Core moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mackenzie Core Plus 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 Core 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.Use Investing Themes to Complement your Mackenzie Core position
In addition to having Mackenzie Core in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Natural Foods Thematic Idea Now
Natural Foods
Companies producing natural foods including dairy products and different types of meets. The Natural Foods theme has 43 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Natural Foods Theme or any other thematic opportunities.
| View All Next | Launch |
Other Information on Investing in Mackenzie Etf
To fully project Mackenzie Core's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Mackenzie Core Plus at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Mackenzie Core's income statement, its balance sheet, and the statement of cash flows.