Mackenzie Canadian Aggregate Etf Performance
| QBB Etf | CAD 92.23 0.20 0.22% |
The etf secures a Beta (Market Risk) of -0.0463, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mackenzie Canadian are expected to decrease at a much lower rate. During the bear market, Mackenzie Canadian is likely to outperform the market.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days Mackenzie Canadian Aggregate has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of very healthy fundamental drivers, Mackenzie Canadian is not utilizing all of its potentials. The recent stock price disarray, may contribute to short-term losses for the investors. ...more
| In Threey Sharp Ratio | 0.05 |
Mackenzie |
Mackenzie Canadian Relative Risk vs. Return Landscape
If you would invest 9,304 in Mackenzie Canadian Aggregate on April 26, 2025 and sell it today you would lose (81.00) from holding Mackenzie Canadian Aggregate or give up 0.87% of portfolio value over 90 days. Mackenzie Canadian Aggregate is producing return of less than zero assuming 0.2841% volatility of returns over the 90 days investment horizon. Simply put, 2% of all etfs have less volatile historical return distribution than Mackenzie Canadian, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Mackenzie Canadian Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mackenzie Canadian's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Mackenzie Canadian Aggregate, and traders can use it to determine the average amount a Mackenzie Canadian'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 = -0.0474
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | QBB |
Estimated Market Risk
| 0.28 actual daily | 2 98% of assets are more volatile |
Expected Return
| -0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Mackenzie Canadian 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 Canadian by adding Mackenzie Canadian to a well-diversified portfolio.
Mackenzie Canadian Fundamentals Growth
Mackenzie Etf prices reflect investors' perceptions of the future prospects and financial health of Mackenzie Canadian, and Mackenzie Canadian 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 | 102.7 M | |||
About Mackenzie Canadian Performance
By examining Mackenzie Canadian's fundamental ratios, stakeholders can obtain critical insights into Mackenzie Canadian'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 Canadian 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 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 Canadian generated a negative expected return over the last 90 days | |
| The fund generated five year return of -1.0% | |
| Mackenzie Canadian maintains about 95.85% of its assets in bonds |
Other Information on Investing in Mackenzie Etf
Mackenzie Canadian 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 Canadian security.