John Hancock Hedged Etf Fundamentals
| HEQ Etf | USD 11.00 0.03 0.27% |
John Hancock Hedged fundamentals help investors to digest information that contributes to John Hancock's financial success or failures. It also enables traders to predict the movement of John Etf. The fundamental analysis module provides a way to measure John Hancock'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 John Hancock etf.
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John Hancock Hedged ETF Price To Earning Analysis
John Hancock's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Current John Hancock Price To Earning | 8.71 X |
Most of John Hancock's fundamental indicators, such as Price To Earning, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, John Hancock Hedged is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
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Based on the latest financial disclosure, John Hancock Hedged has a Price To Earning of 8.71 times. This is much higher than that of the Financial Services family and significantly higher than that of the Asset Management category. The price to earning for all United States etfs is notably lower than that of the firm.
John Hancock Hedged Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining John Hancock's current stock value. Our valuation model uses many indicators to compare John Hancock value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across John Hancock competition to find correlations between indicators driving John Hancock's intrinsic value. More Info.John Hancock Hedged is rated below average in price to earning as compared to similar ETFs. It is rated below average in beta as compared to similar ETFs totaling about 0.08 of Beta per Price To Earning. The ratio of Price To Earning to Beta for John Hancock Hedged is roughly 11.77 . Comparative valuation analysis is a catch-all technique that is used if you cannot value John Hancock by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.John Price To Earning Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses John Hancock's direct or indirect competition against its Price To Earning to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of John Hancock could also be used in its relative valuation, which is a method of valuing John Hancock by comparing valuation metrics of similar companies.John Hancock is currently under evaluation in price to earning as compared to similar ETFs.
John Fundamentals
| Shares Outstanding | 12.22 M | ||||
| Shares Owned By Insiders | 0.10 % | ||||
| Shares Owned By Institutions | 32.53 % | ||||
| Number Of Shares Shorted | 23.37 K | ||||
| Price To Earning | 8.71 X | ||||
| Short Ratio | 0.83 X | ||||
| Earnings Per Share | 1.44 X | ||||
| Number Of Employees | 18 | ||||
| Beta | 0.74 | ||||
| Market Capitalization | 120.16 M | ||||
| Annual Yield | 0.02 % | ||||
| Year To Date Return | 13.29 % | ||||
| One Year Return | 18.24 % | ||||
| Three Year Return | 7.62 % | ||||
| Five Year Return | 6.02 % | ||||
| Last Dividend Paid | 1.16 |
About John Hancock Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze John Hancock Hedged's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of John Hancock using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of John Hancock Hedged 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.John Hancock Hedged Equity Income Fund is a closed-ended equity mutual fund launched and managed by John Hancock Investment Management LLC. The fund is co-managed by Wellington Management Company LLP. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It invests in stocks of companies across all market capitalizations. The fund also invests through derivatives such as call options and equity futures. John Hancock Hedged Equity Income Fund was formed on May 26, 2011 and is domiciled in the United States.
Pair Trading with John Hancock
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if John Hancock position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in John Hancock will appreciate offsetting losses from the drop in the long position's value.Moving together with John Etf
The ability to find closely correlated positions to John Hancock could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace John Hancock 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 John Hancock - 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 John Hancock Hedged to buy it.
The correlation of John Hancock 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as John Hancock moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if John Hancock Hedged moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for John Hancock can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in John Etf
John Hancock financial ratios help investors to determine whether John 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 John with respect to the benefits of owning John Hancock security.