MACKENZIE Etf Buy Hold or Sell Recommendation

QCN
 Etf
  

CAD 114.69  1.33  1.15%   

Assuming the 90 days trading horizon and your above-average risk tolerance, our recommendation regarding MACKENZIE CANADIAN EQUITY is 'Not Rated'. Macroaxis provides MACKENZIE CANADIAN buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding QCN positions. The advice algorithm takes into account all of MACKENZIE CANADIAN's available fundamental, technical, and predictive indicators you will find on this site.
  
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The advice is provided from MACKENZIE CANADIAN's buy-and-hold perspective. Please see MACKENZIE CANADIAN Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. We conduct extensive research on individual funds such as MACKENZIE and provide practical buy, sell, or hold recommendation based on selected investing horizon and risk tolerance towards MACKENZIE CANADIAN EQUITY.

Execute MACKENZIE CANADIAN Buy or Sell Advice

The MACKENZIE recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on MACKENZIE CANADIAN EQUITY. Macroaxis does not own or have any residual interests in MACKENZIE CANADIAN EQUITY or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute MACKENZIE CANADIAN's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell MACKENZIE CANADIANBuy MACKENZIE CANADIAN
Strong Sell

Volatility

Out of controlDetails

Hype Condition

Under hypedDetails

Current Valuation

UndervaluedDetails

Odds of Distress

Very LowDetails

Economic Sensitivity

Barely shadows the marketDetails

Analyst Consensus

Not AvailableDetails
For the selected time horizon MACKENZIE CANADIAN EQUITY has a Mean Deviation of 0.9078, Standard Deviation of 1.2 and Variance of 1.44
Macroaxis provides trade advice on MACKENZIE CANADIAN EQUITY to complement and cross-verify current analyst consensus on MACKENZIE CANADIAN. Our advice engine determines the etf's potential to grow exclusively from the perspective of an investor's current risk tolerance and investing horizon. Please exercise MACKENZIE CANADIAN three year return to make buy, hold, or sell decision on MACKENZIE CANADIAN EQUITY.

MACKENZIE CANADIAN Trading Alerts and Improvement Suggestions

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

MACKENZIE CANADIAN Returns Distribution Density

The distribution of MACKENZIE CANADIAN's historical returns is an attempt to chart the future uncertainty of MACKENZIE CANADIAN's future price movements. The chart of the probability distribution of MACKENZIE CANADIAN stock daily returns describes the distribution of returns around its average expected value. We use MACKENZIE CANADIAN EQUITY price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of MACKENZIE CANADIAN returns is essential to provide solid investment advice for MACKENZIE CANADIAN stock.
Mean Return-0.22Value At Risk-2.4
Potential Upside1.46Standard Deviation1.20
 Return Density 
      Distribution 
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of MACKENZIE CANADIAN historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

MACKENZIE CANADIAN Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to MACKENZIE CANADIAN or Mackenzie Financial Corporation sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that MACKENZIE CANADIAN stock's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a MACKENZIE stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over DOW
-0.2
β
Beta against DOW0.18
σ
Overall volatility
1.22
Ir
Information ratio -0.03

MACKENZIE CANADIAN Volatility Alert

MACKENZIE CANADIAN EQUITY exhibits very low volatility with skewness of -0.33 and kurtosis of 0.38. However, we advise investors to further study MACKENZIE CANADIAN EQUITY technical indicators to make sure all market info is available and is reliable. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure MACKENZIE CANADIAN's etf risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact MACKENZIE CANADIAN's etf price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

MACKENZIE CANADIAN Implied Volatility

MACKENZIE CANADIAN's implied volatility exposes the market's sentiment of MACKENZIE CANADIAN EQUITY stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if MACKENZIE CANADIAN's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that MACKENZIE CANADIAN stock will not fluctuate a lot when MACKENZIE CANADIAN's options are near their expiration.

MACKENZIE CANADIAN Fundamentals Vs Peers

Comparing MACKENZIE CANADIAN's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze MACKENZIE CANADIAN's direct or indirect competition across all of the common fundamentals between MACKENZIE CANADIAN and the related equities. This way, we can detect undervalued stocks with similar characteristics as MACKENZIE CANADIAN or determine the etfs which would be an excellent addition to an existing portfolio. Peer analysis of MACKENZIE CANADIAN's fundamental indicators could also be used in its relative valuation, which is a method of valuing MACKENZIE CANADIAN by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare MACKENZIE CANADIAN to competition
FundamentalsMACKENZIE CANADIANPeer Average
One Year Return5.73 %(0.97) %
Three Year Return10.21 %3.23 %
Net Asset1.24 B2.29 B
Last Dividend Paid0.80.14
Equity Positions Weight99.69 %52.82 %

About MACKENZIE CANADIAN Buy or Sell Advice

When is the right time to buy or sell MACKENZIE CANADIAN EQUITY? Buying financial instruments such as MACKENZIE Etf isn't very hard. However, what challenging for most investors is doing it at the right time to beat the stock market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Although MACKENZIE CANADIAN investors may find it confusing at the beginning, most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.

Use Investing Ideas to Build Portfolios

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 Management Thematic Idea Now

Management
Management Theme
Companies providing management services to businesses. The Management theme has 2 constituents.
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 Management Theme or any other thematic opportunities.
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Please see MACKENZIE CANADIAN Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. 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 Stock Screener module to find equities using custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..

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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.