Mackenzie Maximum Diversification Etf Holdings Turnover
| MEE Etf | CAD 26.55 0.59 2.17% |
Mackenzie Maximum Diversification fundamentals help investors to digest information that contributes to Mackenzie Maximum'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 Maximum'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 Maximum etf.
Mackenzie |
Mackenzie Maximum Diversification ETF Holdings Turnover Analysis
Mackenzie Maximum's Holding Turnover is calculated by adding up all the transactions for the year, dividing it by 2 and then dividing it again by the total fund holdings. Holding Turnover is the rate at which funds or ETFs replace their investment holdings on an annual basis. In other words it measures how quickly a fund turns over its holdings during the fiscal year.
Investor can think of Holding Turnover as a percentage of a fund's assets that have turned over in the past year. Typically, a high annual turnover ratio implies that fund managers made a lot of buying and selling. The higher the annual turnover, the higher the expense ratio for the fund.
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According to the company disclosure, Mackenzie Maximum Diversification has a Holdings Turnover of 0.0%. This indicator is about the same for the Mackenzie Financial Corporation average (which is currently at 0.0) family and about the same as Emerging Markets Equity (which currently averages 0.0) category. This indicator is about the same for all Canada etfs average (which is currently at 0.0).
Mackenzie Holdings Turnover Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Mackenzie Maximum's direct or indirect competition against its Holdings Turnover to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Mackenzie Maximum could also be used in its relative valuation, which is a method of valuing Mackenzie Maximum by comparing valuation metrics of similar companies.Mackenzie Maximum is currently under evaluation in holdings turnover as compared to similar ETFs.
Fund Asset Allocation for Mackenzie Maximum
The fund invests 99.18% of asset under management in tradable equity instruments, with the rest of investments concentrated in bonds (0.05%) and various exotic instruments.Asset allocation divides Mackenzie Maximum'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 | 0.84 | |||
| Total Asset | 72.66 M | |||
| One Year Return | 15.10 % | |||
| Three Year Return | 0.60 % | |||
| Five Year Return | 4.70 % | |||
| Net Asset | 72.66 M | |||
| Last Dividend Paid | 0.43 | |||
| Equity Positions Weight | 99.18 % | |||
| Bond Positions Weight | 0.05 % |
About Mackenzie Maximum Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Mackenzie Maximum Diversification's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Mackenzie Maximum using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Mackenzie Maximum Diversification 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.
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Mackenzie Maximum financial ratios help investors to determine whether Mackenzie Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Mackenzie with respect to the benefits of owning Mackenzie Maximum security.