MACKENZIE Etf Market Value

QINF
 Etf
  

CAD 118.11  3.01  2.62%   

MACKENZIE GLOBAL's market value is the price at which a share of MACKENZIE GLOBAL stock trades on a public exchange. It measures the collective expectations of MACKENZIE GLOBAL INFRASTRUCTURE investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of MACKENZIE GLOBAL INFRASTRUCTURE and determine expected loss or profit from investing in MACKENZIE GLOBAL over a given investment horizon. Please see MACKENZIE GLOBAL Hype Analysis, MACKENZIE GLOBAL Correlation, Portfolio Optimization, MACKENZIE GLOBAL Volatility, as well as analyze MACKENZIE GLOBAL Alpha and Beta and MACKENZIE GLOBAL Performance.
Symbol

Please note, there is a significant difference between MACKENZIE GLOBAL's value and its price as these two are different measures arrived at by different means. Investors typically determine MACKENZIE GLOBAL value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MACKENZIE GLOBAL'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.

MACKENZIE GLOBAL 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to MACKENZIE GLOBAL's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of MACKENZIE GLOBAL.
0.00
07/13/2022
No Change 0.00  0.0 
In 31 days
08/12/2022
0.00
If you would invest  0.00  in MACKENZIE GLOBAL on July 13, 2022 and sell it all today you would earn a total of 0.00 from holding MACKENZIE GLOBAL INFRASTRUCTURE or generate 0.0% return on investment in MACKENZIE GLOBAL over 30 days. MACKENZIE GLOBAL is traded on Toronto Stock Exchange in Canada.More

MACKENZIE GLOBAL Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure MACKENZIE GLOBAL's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess MACKENZIE GLOBAL INFRASTRUCTURE upside and downside potential and time the market with a certain degree of confidence.

MACKENZIE GLOBAL Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for MACKENZIE GLOBAL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MACKENZIE GLOBAL's standard deviation. In reality, there are many statistical measures that can use MACKENZIE GLOBAL historical prices to predict the future MACKENZIE GLOBAL's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of MACKENZIE GLOBAL's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of MACKENZIE GLOBAL in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
116.55118.11119.67
Details
Intrinsic
Valuation
LowReal ValueHigh
106.05107.61129.92
Details
Naive
Forecast
LowNext ValueHigh
117.04118.59120.15
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
105.31111.04116.77
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as MACKENZIE GLOBAL. Your research has to be compared to or analyzed against MACKENZIE GLOBAL's peers to derive any actionable benefits. When done correctly, MACKENZIE GLOBAL's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in MACKENZIE GLOBAL INF.

MACKENZIE GLOBAL INF Backtested Returns

We consider MACKENZIE GLOBAL very steady. MACKENZIE GLOBAL INF retains Efficiency (Sharpe Ratio) of 0.0159, which conveys that the etf had 0.0159% of return per unit of risk over the last 3 months. Our approach towards estimating the volatility of an etf is to use all available market data together with etf-specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for MACKENZIE GLOBAL, which you can use to evaluate the future volatility of the entity. Please verify MACKENZIE GLOBAL INFRASTRUCTURE Semi Deviation of 1.32, mean deviation of 0.4542, and Market Risk Adjusted Performance of (0.54) to check out if the risk estimate we provide is consistent with the expected return of 0.0247%.
The entity owns a Beta (Systematic Risk) of -0.0243, which conveys not very significant fluctuations relative to the market. Let's try to break down what MACKENZIE's beta means in this case. As returns on the market increase, returns on owning MACKENZIE GLOBAL are expected to decrease at a much lower rate. During the bear market, MACKENZIE GLOBAL is likely to outperform the market. Although it is important to respect MACKENZIE GLOBAL INF existing price patterns, it is better to be realistic regarding the information on the equity's price patterns. The approach towards estimating future performance of any etf is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By inspecting MACKENZIE GLOBAL INF technical indicators, you can right now evaluate if the expected return of 0.0247% will be sustainable into the future.

Auto-correlation

    
  -0.68  

Very good reverse predictability

MACKENZIE GLOBAL INFRASTRUCTURE has very good reverse predictability. Overlapping area represents the amount of predictability between MACKENZIE GLOBAL time series from 13th of July 2022 to 28th of July 2022 and 28th of July 2022 to 12th of August 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of MACKENZIE GLOBAL INF price movement. The serial correlation of -0.68 indicates that around 68.0% of current MACKENZIE GLOBAL price fluctuation can be explain by its past prices.
Correlation Coefficient-0.68
Spearman Rank Test-0.64
Residual Average0.0
Price Variance9.47

MACKENZIE GLOBAL INF lagged returns against current returns

Autocorrelation, which is MACKENZIE GLOBAL etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting MACKENZIE GLOBAL's etf expected returns. We can calculate the autocorrelation of MACKENZIE GLOBAL returns to help us make a trade decision. For example, suppose you find that MACKENZIE GLOBAL etf has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
   Current and Lagged Values   
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MACKENZIE GLOBAL regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If MACKENZIE GLOBAL etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MACKENZIE GLOBAL etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MACKENZIE GLOBAL etf over time.
   Current vs Lagged Prices   
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       Timeline  

MACKENZIE GLOBAL Lagged Returns

When evaluating MACKENZIE GLOBAL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MACKENZIE GLOBAL etf have on its future price. MACKENZIE GLOBAL autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, MACKENZIE GLOBAL autocorrelation shows the relationship between MACKENZIE GLOBAL etf current value and its past values and can show if there is a momentum factor associated with investing in MACKENZIE GLOBAL INFRASTRUCTURE.
   Regressed Prices   
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       Timeline  

Be your own money manager

Our tools can tell you how much better you can do entering a position in MACKENZIE GLOBAL 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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Currently Active Assets on Macroaxis

Please see MACKENZIE GLOBAL Hype Analysis, MACKENZIE GLOBAL Correlation, Portfolio Optimization, MACKENZIE GLOBAL Volatility, as well as analyze MACKENZIE GLOBAL Alpha and Beta and MACKENZIE GLOBAL Performance. Note that the MACKENZIE GLOBAL INF information on this page should be used as a complementary analysis to other MACKENZIE GLOBAL'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 Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..

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When running MACKENZIE GLOBAL INF price analysis, check to measure MACKENZIE GLOBAL'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 GLOBAL is operating at the current time. Most of MACKENZIE GLOBAL's value examination focuses on studying past and present price action to predict the probability of MACKENZIE GLOBAL's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move MACKENZIE GLOBAL's price. Additionally, you may evaluate how the addition of MACKENZIE GLOBAL to your portfolios can decrease your overall portfolio volatility.
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MACKENZIE GLOBAL technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of MACKENZIE GLOBAL technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of MACKENZIE GLOBAL trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...