Mackenzie Balanced Sortino Ratio
| MBAL Etf | | | CAD 27.88 -0.02 -0.07% |
The Sortino Ratio indicator for Mackenzie Balanced Allocation is derived from observed market data. Broader indicator relationships are reflected within
Equity Screeners.
Correlation Analysis provides context for diversified portfolio construction. The dataset reflects available inputs without directional implication. Monitoring Mackenzie Balanced Allocation within a portfolio highlights how it interacts with other holdings. All values are based on available data and provided as reference information. Broader economic conditions can influence Mackenzie Balanced Allocation's etf valuation — related indicators include
signals in inflation.
Mackenzie Balanced Allocation has current Sortino Ratio of 0. The Sortino ratio measures the risk-adjusted return of an investment asset, portfolio or strategy. It is a special subset of the Sharpe ratio but penalizes only those returns falling below a user-specified target, or the required rate of return, while the Sharpe ratio penalizes both upside and downside volatility equally. Though both ratios measure an investment risk-adjusted returns, they do so in significantly different ways that will frequently lead to differing conclusions as the true nature of the investment return-generating efficiency.
Sortino Ratio | = | ER[a] - ER[b]DD |
| = | 0 | |
| ER[a] | = | Expected return on investing in Mackenzie Balanced |
| ER[b] | = | Expected return on market index or selected benchmark |
| DD | = | Downside Deviation |
Sortino Ratio Peers Comparison
Sortino Ratio Relative To Other Indicators
Mackenzie Balanced Allocation is rated
below average in sortino ratio against similar ETFs. It is currently under evaluation in maximum drawdown against similar ETFs .
The Sortino ratio is named after Frank A. Sortino and can be interpreted as the actual rate of return in excess of the investor target rate of return per unit of downside risk
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