Mackenzie Canadian Short Term Etf One Year Return
| QSB Etf | CAD 96.10 0.08 0.08% |
Mackenzie Canadian Short Term fundamentals help investors to digest information that contributes to Mackenzie Canadian's financial success or failures. It also enables traders to predict the movement of Mackenzie Etf. The fundamental analysis module provides a way to measure Mackenzie Canadian's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Mackenzie Canadian etf.
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Mackenzie Canadian Short Term ETF One Year Return Analysis
Mackenzie Canadian's One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
More About One Year Return | All Equity Analysis
One Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Current Mackenzie Canadian One Year Return | 3.00 % |
Most of Mackenzie Canadian's fundamental indicators, such as One Year Return, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Mackenzie Canadian Short Term is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
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Based on the recorded statements, Mackenzie Canadian Short Term has an One Year Return of 3.0%. This is much higher than that of the Mackenzie Financial Corporation family and significantly higher than that of the Canadian Short Term Fixed Income category. The one year return for all Canada etfs is notably lower than that of the firm.
Mackenzie One Year Return Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Mackenzie Canadian's direct or indirect competition against its One Year Return to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Mackenzie Canadian could also be used in its relative valuation, which is a method of valuing Mackenzie Canadian by comparing valuation metrics of similar companies.Mackenzie Canadian is currently under evaluation in one year return as compared to similar ETFs.
Fund Asset Allocation for Mackenzie Canadian
The fund consists of 94.27% investments in fixed income securities, with the rest of funds allocated in various types of exotic instruments.Asset allocation divides Mackenzie Canadian's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
Mackenzie Fundamentals
| Beta | 1.05 | |||
| Total Asset | 216.17 M | |||
| One Year Return | 3.00 % | |||
| Three Year Return | 0.10 % | |||
| Five Year Return | 1.10 % | |||
| Net Asset | 216.17 M | |||
| Last Dividend Paid | 0.15 | |||
| Bond Positions Weight | 94.27 % |
About Mackenzie Canadian Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Mackenzie Canadian Short Term's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Mackenzie Canadian using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Mackenzie Canadian Short Term based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Mackenzie Canadian in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Mackenzie Canadian's short interest history, or implied volatility extrapolated from Mackenzie Canadian options trading.
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Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Mackenzie Canadian using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.Build Optimal Portfolios
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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Mackenzie Canadian Short Term. 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 Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.