Mackenzie Canadian Aggregate Etf Profile
| QBB Etf | CAD 90.16 0.47 0.52% |
Performance0 of 100
| Odds Of DistressLess than 9
|
Mackenzie Canadian is selling at 90.16 as of the 5th of May 2024; that is 0.52 percent increase since the beginning of the trading day. The etf's open price was 89.69. Mackenzie Canadian has less than a 9 % 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 Aggregate are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 6th of March 2024 and ending today, the 5th of May 2024. Click here to learn more.
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.. More on Mackenzie Canadian Aggregate
Moving together with Mackenzie Etf
| 0.99 | ZAG | BMO Aggregate Bond | PairCorr |
| 0.99 | XBB | iShares Canadian Universe | PairCorr |
| 0.95 | ZCPB | BMO Core Plus | PairCorr |
| 0.99 | ZDB | BMO Discount Bond | PairCorr |
| 0.98 | XGB | iShares Canadian Gov | PairCorr |
| 0.97 | ZMP | BMO Mid Provincial | PairCorr |
| 0.98 | ZFM | BMO Mid Federal | PairCorr |
Moving against Mackenzie Etf
| 0.49 | NXF | First Asset Energy | PairCorr |
Mackenzie 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. 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.
| Business Concentration | Canadian Fixed Income, Mackenzie Financial Corporation (View all Sectors) |
| Updated At | 5th of May 2024 |
Mackenzie Canadian Aggregate [QBB] is traded in Canada and was established 2018-01-29. The fund is listed under Canadian Fixed Income category and is part of Mackenzie Financial Corporation family. Mackenzie Canadian at this time have 102.7 M in assets. , while the total return for the last 3 years was -1.7%.
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Top Mackenzie Canadian Aggregate Etf Constituents
| Canada Housing Trust No.1 | 1.82% |
| Ontario (Province Of) | 1.5800001% |
| Canada (Government of) | 1.98% |
| Quebec (Province Of) | 2.41% |
Mackenzie Canadian Target Price Odds Analysis
Contingent on a normal probability distribution, the odds of Mackenzie Canadian jumping above the current price in 90 days from now is about 50.65%. The Mackenzie Canadian Aggregate 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 0.228 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 Aggregate will be expected to be much smaller as well. Additionally, mackenzie Canadian Aggregate has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Mackenzie Canadian to move above the current price in 90 days from now is about 50.65 (This Mackenzie Canadian Aggregate probability density function shows the probability of Mackenzie Etf to fall within a particular range of prices over 90 days) .
Mackenzie Canadian Top Holders
| MGAB | Mackenzie Global Fixed | Etf | Global Fixed Income |
| MCON | Mackenzie Conservative Allocation | Etf | Global Fixed Income Balanced |
| MBAL | Mackenzie Balanced Allocation | Etf | Global Neutral Balanced |
| MGRW | Mackenzie Growth Allocation | Etf | Global Equity Balanced |
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.
| Mean Deviation | 0.2944 | |||
| Standard Deviation | 0.3815 | |||
| Variance | 0.1455 | |||
| Risk Adjusted Performance | (0.02) |
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 Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe Mackenzie Canadian price patterns.
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 Aggregate at a given time. Please also check how Mackenzie Canadian's historical prices are related to one of the top price index indicators.
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 the 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.Did you try this?
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How to buy Mackenzie Etf?
Before investing in Mackenzie Canadian, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Mackenzie Canadian. To buy Mackenzie Canadian etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Mackenzie Canadian. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Mackenzie Canadian etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Mackenzie Canadian Aggregate etf in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Mackenzie Canadian Aggregate etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as Mackenzie Canadian Aggregate, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in etf prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Mackenzie Canadian Aggregate?
The danger of trading Mackenzie Canadian Aggregate 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 Sharpe 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.
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Mackenzie Canadian Aggregate. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. 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 the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.