Manulife Financial Correlations

MNUFF Stock

USD 16.34 0.00 0.00%

The current 90-days correlation between Manulife Financial and ITEX Corp is -0.03 (i.e., Good diversification). The correlation of Manulife Financial is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Manulife Financial Correlation With Market

Very poor diversification

The correlation between Manulife Financial and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Manulife Financial and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Manulife Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Manulife Financial when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Manulife Financial - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Manulife Financial to buy it.

Moving together with Manulife Pink Sheet

0.77	PNGAY	Ping An Insurance	Pair Corr
0.62	CILJF	China Life Insurance	Pair Corr
0.74	SEZL	Sezzle Inc Earnings Call This Week	Pair Corr
0.83	AA	Alcoa Corp	Pair Corr
0.87	C	Citigroup Aggressive Push	Pair Corr
0.66	AAL	American Airlines	Pair Corr
0.78	PPTTF	Perpetual Limited Earnings Call This Week	Pair Corr
0.61	PILBF	Pilbara Minerals	Pair Corr
0.65	SOUHY	South32 ADR	Pair Corr
0.76	AFRAF	Air France KLM Downward Rally	Pair Corr

Moving against Manulife Pink Sheet

0.47

03040WAX3

US03040WAX39

Pair Corr

Related Correlations Analysis

	FWFW	IMPM	SMPP	SOLCF	BGTTF	SPFX	CSTXF	PLPL	ITEX
FWFW		0.33	0.0	-0.12	-0.05	-0.07	-0.25	-0.37	0.07	FWFW
IMPM	0.33		0.0	0.04	0.36	0.06	-0.09	-0.06	0.4	IMPM
SMPP	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	SMPP
SOLCF	-0.12	0.04	0.0		0.61	-0.23	0.15	0.18	-0.37	SOLCF
BGTTF	-0.05	0.36	0.0	0.61		-0.19	0.01	0.22	-0.25	BGTTF
SPFX	-0.07	0.06	0.0	-0.23	-0.19		-0.21	0.02	0.2	SPFX
CSTXF	-0.25	-0.09	0.0	0.15	0.01	-0.21		0.18	0.01	CSTXF
PLPL	-0.37	-0.06	0.0	0.18	0.22	0.02	0.18		0.0	PLPL
ITEX	0.07	0.4	0.0	-0.37	-0.25	0.2	0.01	0.0		ITEX
	FWFW	IMPM	SMPP	SOLCF	BGTTF	SPFX	CSTXF	PLPL	ITEX

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

BGTTF	+ 0.61	SOLCF
ITEX	+ 0.4	IMPM
BGTTF	+ 0.36	IMPM
IMPM	+ 0.33	FWFW
PLPL	+ 0.22	BGTTF
ITEX	+ 0.2	SPFX

High negative correlations

ITEX	- 0.37	SOLCF
PLPL	- 0.37	FWFW
ITEX	- 0.25	BGTTF
CSTXF	- 0.25	FWFW
SPFX	- 0.23	SOLCF
CSTXF	- 0.21	SPFX

Risk-Adjusted Indicators

There is a big difference between Manulife Pink Sheet performing well and Manulife Financial Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Manulife Financial's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FWFW	14.15	6.22	0.00	1.12	0.00	0.00	0.00	0.00	42.73
IMPM	7.48	0.28	0.01	0.72	9.18	(17.96)	20.00	(20.00)	58.33
SMPP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SOLCF	8.08	(0.43)	0.00	(0.12)	0.00	0.00	23.50	(20.91)	66.07
BGTTF	6.22	(0.48)	0.00	2.09	0.00	0.00	16.67	(14.29)	76.43
SPFX	5.20	0.26	0.02	0.17	8.15	(9.98)	13.47	(17.05)	84.07
CSTXF	9.74	0.37	0.03	0.14	12.73	(25.94)	37.50	(29.58)	114.39
PLPL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ITEX	0.94	0.04	0.00	0.44	1.92	(5.21)	2.61	(2.48)	27.76

Be your own money manager

Our tools can tell you how much better you can do entering a position in Manulife Financial 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.

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Manulife Financial Corporate Management

Marianne Harrison	Pres Hancock	Profile
Rahul Joshi	Chief Officer	Profile
Rocco Gori	CEO Pres	Profile
CFA CFA	Chief Officer	Profile
CA CFA	Head Relations	Profile
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Lynda Sullivan	Ex Officer	Profile

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