Mackenzie Canadian Bond Positions Weight vs. Beta
| QBB Etf | CAD 94.85 0.85 0.90% |
For Mackenzie Canadian profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Mackenzie Canadian to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Mackenzie Canadian Aggregate utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Mackenzie Canadian's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Mackenzie Canadian Aggregate over time as well as its relative position and ranking within its peers.
Mackenzie |
Mackenzie Canadian Beta vs. Bond Positions Weight Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Mackenzie Canadian's current stock value. Our valuation model uses many indicators to compare Mackenzie Canadian value to that of its competitors to determine the firm's financial worth. Mackenzie Canadian Aggregate is presently regarded as number one ETF in bond positions weight as compared to similar ETFs. It also is presently regarded as number one ETF in beta as compared to similar ETFs totaling about 0.01 of Beta per Bond Positions Weight. The ratio of Bond Positions Weight to Beta for Mackenzie Canadian Aggregate is roughly 93.06 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Mackenzie Canadian by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Mackenzie Canadian'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 Beta vs. Bond Positions Weight
Percentage of fund asset invested in fixed income securities. About 30% of U.S. mutual funds invest in bonds.
Mackenzie Canadian |
| = | 95.85 % |
Funds that have over 60% of asset value invested in bonds or or other fixed income securities would usually attract conservative investors.
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 Canadian |
| = | 1.03 |
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.
Mackenzie Beta Comparison
Mackenzie Canadian is currently under evaluation in beta as compared to similar ETFs.
Beta Analysis
Mackenzie Canadian returns are very sensitive to returns on the market. As the market goes up or down, Mackenzie Canadian is expected to follow.
Mackenzie Canadian Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Mackenzie Canadian, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Mackenzie Canadian will eventually generate negative long term returns. The profitability progress is the general direction of Mackenzie Canadian's change in net profit over the period of time. It can combine multiple indicators of Mackenzie Canadian, 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 Canadian Aggregate Bond Index ETF seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the Solactive Canadian Select Universe Bond Index, or any successor thereto. MACKENZIE CDN 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 Canadian. 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 Canadian 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 Canadian's important profitability drivers and their relationship over time.
| Bond Positions Weight vs One Year Return | ||
| Five Year Return vs Beta | ||
| Bond Positions Weight vs Net Asset | ||
| Last Dividend Paid vs Beta |
Use Mackenzie Canadian 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 Canadian 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 Canadian will appreciate offsetting losses from the drop in the long position's value.Mackenzie Canadian Pair Trading
Mackenzie Canadian Aggregate Pair Trading Analysis
The ability to find closely correlated positions to Mackenzie Canadian 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 Canadian 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 Canadian - 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 Canadian Aggregate to buy it.
The correlation of Mackenzie Canadian 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 Canadian moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mackenzie Canadian 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 Canadian 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 Canadian position
In addition to having Mackenzie Canadian 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 Real Estate Thematic Idea Now
Real Estate
Publicly traded companies that are involved in real estate development, property maintenance and management of real estate investment trusts (REIT) funds. The Real Estate theme has 42 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 Real Estate Theme or any other thematic opportunities.
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Other Information on Investing in Mackenzie Etf
To fully project Mackenzie Canadian's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Mackenzie Canadian 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 Canadian's income statement, its balance sheet, and the statement of cash flows.