Manulife Smart Dividend Etf Performance
| UDIV-B Etf | 14.98 0.19 1.28% |
The etf secures a Beta (Market Risk) of 0.41, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Manulife Smart's returns are expected to increase less than the market. However, during the bear market, the loss of holding Manulife Smart is expected to be smaller as well.
Risk-Adjusted Performance
8 of 100
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Compared to the overall equity markets, risk-adjusted returns on investments in Manulife Smart Dividend are ranked lower than 8 (%) of all global equities and portfolios over the last 90 days. Despite somewhat strong forward indicators, Manulife Smart is not utilizing all of its potentials. The newest stock price disturbance, may contribute to short-term losses for the investors. ...more
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Manulife Smart Relative Risk vs. Return Landscape
If you would invest 1,429 in Manulife Smart Dividend on August 24, 2024 and sell it today you would earn a total of 69.00 from holding Manulife Smart Dividend or generate 4.83% return on investment over 90 days. Manulife Smart Dividend is generating 0.0773% of daily returns and assumes 0.7058% volatility on return distribution over the 90 days horizon. Simply put, 6% of etfs are less volatile than Manulife, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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Manulife Smart Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Manulife Smart's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Manulife Smart Dividend, and traders can use it to determine the average amount a Manulife Smart's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1096
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Estimated Market Risk
| 0.71 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.08 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average Manulife Smart is performing at about 8% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Manulife Smart by adding it to a well-diversified portfolio.
About Manulife Smart Performance
By analyzing Manulife Smart's fundamental ratios, stakeholders can gain valuable insights into Manulife Smart's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Manulife Smart has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Manulife Smart has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Manulife Smart is entity of Canada. It is traded as Etf on TO exchange.