Mackenzie Strategic Income Fund T5 (MFC9249)

14.30 +0.04 (+0.28%) CAD  |  Dec 24 2024
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MFC9249 Alpha (Since Inception)

Alpha (Since Inception) Chart

Sep '18
Jan '19
May '19
 
285.00
270.00
255.00
240.00
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Historical Data

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Alpha Definition

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Alpha measures the excess return that a security provides. Alpha can be measured by taking Risk Adjusted Security Return - Beta*(Risk Adjusted Market Return). This formula will return the outperformance that the security provides. Alpha is an important metric for active investing, where investors look for outperforming a particular benchmark.

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Alpha (Since Inception) Range, Past 5 Years

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Alpha (Since Inception) Benchmarks

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Canada Life Strategic Income Fund N8 Upgrade
IA Clarington Strategic Income Fund Series P6 Upgrade
Renaissance Canadian Monthly Income Class O Upgrade
RBC Private Income Pool Sr O Upgrade
PH&N Monthly Income Fund Sr O Upgrade

Alpha (Since Inception) Related Metrics

Beta (Since Inception) Upgrade
Alpha (vs YCharts Benchmark) (Since Inception) Upgrade
Beta (vs YCharts Benchmark) (Since Inception) Upgrade
Annualized Standard Deviation of Monthly Returns (Since Inception) Upgrade
Historical Sharpe Ratio (Since Inception) Upgrade
Historical Sortino (Since Inception) Upgrade
Max Drawdown (Since Inception) Upgrade
Monthly Value at Risk (VaR) 5% (Since Inception) Upgrade

Alpha (Since Inception) Excel Add-In Codes

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Metric Code: market_alpha_all
Latest Data Point: =YCP("M:MFC9249.TO", "market_alpha_all")
Last 5 Data Points: =YCS("M:MFC9249.TO", "market_alpha_all", -4)
To find the codes for any of our securities and financial metrics, see our Complete Excel Reference.