MACKENZIE Etf Profile

QCN
 Etf
  

CAD 115.74  2.25  1.98%   

Market Performance
0 of 100
Odds Of Distress
Less than 1
MACKENZIE CANADIAN is selling for 115.74 as of the 27th of June 2022. This is a 1.98 percent increase since the beginning of the trading day. The etf's open price was 113.49. MACKENZIE CANADIAN has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for MACKENZIE CANADIAN EQUITY are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 28th of May 2022 and ending today, the 27th of June 2022. Click here to learn more.
MACKENZIE CANADIAN is traded on Toronto Stock Exchange in Canada. More on MACKENZIE CANADIAN EQUITY

Moving together with MACKENZIE CANADIAN

0.94ZEBBMO EQUAL WEIGHTPairCorr
0.92NUBFNBI UNCONSTRAINED FIXEDPairCorr
1.0HXCNHORIZONS SP TSXPairCorr

MACKENZIE CANADIAN Etf Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. If you consider yourself one of those investors, make sure you clearly understand your entering position. MACKENZIE CANADIAN's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding MACKENZIE CANADIAN or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
MACKENZIE CANADIAN generated a negative expected return over the last 90 days
MACKENZIE CANADIAN is unlikely to experience financial distress in the next 2 years
The fund maintains 99.69% of its assets in stocks
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of MACKENZIE CANADIAN's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Not RatedUndervalued
Beta In Three Year0.99
As Of Date11th of May 2022
MACKENZIE CANADIAN EQUITY [QCN] is traded in Canada and was established 2018-01-24. The fund is listed under null category and is part of Mackenzie Financial Corporation family. MACKENZIE CANADIAN at this time have 1.24 B in assets. , while the total return for the last 3 years was 10.21%.
Check MACKENZIE CANADIAN Probability Of Bankruptcy

MACKENZIE CANADIAN Target Price Odds Analysis

What are MACKENZIE CANADIAN's target price odds to finish over the current price? Proceeding from a normal probability distribution, the odds of MACKENZIE CANADIAN jumping above the current price in 90 days from now is roughly 97.0%. The MACKENZIE CANADIAN EQUITY probability density function shows the probability of MACKENZIE CANADIAN etf to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon MACKENZIE CANADIAN has a beta of 0.1816 indicating as returns on the market go up, MACKENZIE CANADIAN average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding MACKENZIE CANADIAN EQUITY will be expected to be much smaller as well. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. MACKENZIE CANADIAN is significantly underperforming DOW.
  Odds Below 115.74HorizonTargetOdds Above 115.74
3.44%90 days
 115.74 
96.51%
Based on a normal probability distribution, the odds of MACKENZIE CANADIAN to move above the current price in 90 days from now is roughly 97.0 (This MACKENZIE CANADIAN EQUITY probability density function shows the probability of MACKENZIE Etf to fall within a particular range of prices over 90 days) .

MACKENZIE CANADIAN Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. MACKENZIE CANADIAN market risk premium is the additional return an investor will receive from holding MACKENZIE CANADIAN long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in MACKENZIE CANADIAN. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although MACKENZIE CANADIAN's alpha and beta are two of the key measurements used to evaluate MACKENZIE CANADIAN's performance over the market, the standard measures of volatility play an important role as well.

MACKENZIE CANADIAN Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. MACKENZIE CANADIAN Tangent Of Price Series is a trigonometric price transformation method
.

MACKENZIE CANADIAN Against Markets

Picking the right benchmark for MACKENZIE CANADIAN etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in MACKENZIE CANADIAN etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for MACKENZIE CANADIAN is critical whether you are bullish or bearish towards MACKENZIE CANADIAN EQUITY at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in MACKENZIE CANADIAN without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Investing MACKENZIE CANADIAN EQUITY

You need to understand the risk of investing before taking a position in MACKENZIE CANADIAN. The danger of trading MACKENZIE CANADIAN EQUITY is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of MACKENZIE CANADIAN is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than MACKENZIE CANADIAN. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile MACKENZIE CANADIAN is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please see Your Equity Center. Note that the MACKENZIE CANADIAN information on this page should be used as a complementary analysis to other MACKENZIE CANADIAN's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.

Complementary Tools for MACKENZIE Etf analysis

When running MACKENZIE CANADIAN price analysis, check to measure MACKENZIE CANADIAN's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy MACKENZIE CANADIAN is operating at the current time. Most of MACKENZIE CANADIAN's value examination focuses on studying past and present price action to predict the probability of MACKENZIE CANADIAN's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move MACKENZIE CANADIAN's price. Additionally, you may evaluate how the addition of MACKENZIE CANADIAN to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between MACKENZIE CANADIAN's value and its price as these two are different measures arrived at by different means. Investors typically determine MACKENZIE CANADIAN value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MACKENZIE CANADIAN's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.