Manulife Fin Non Preferred Stock Cash Per Share
| MFC-PJ Preferred Stock | CAD 23.80 0.05 0.21% |
Manulife Fin Non fundamentals help investors to digest information that contributes to Manulife Fin's financial success or failures. It also enables traders to predict the movement of Manulife Preferred Stock. The fundamental analysis module provides a way to measure Manulife Fin'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 Manulife Fin preferred stock.
Manulife |
Manulife Fin Non Company Cash Per Share Analysis
Manulife Fin's Cash per Share is a ratio of current cash on hands or in the banks of the company to a total number of shares outstanding. It is used to determine a firm's liquidity and is a good indicator of the overall financial health of a company. Value investors often compare this ratio to the current stock quote, and if it exceeds the stock price they would invest in it.
Current Manulife Fin Cash Per Share | 16.92 X |
Most of Manulife Fin's fundamental indicators, such as Cash Per Share, 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, Manulife Fin Non is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Companies with high Cash per Share ratio will be considered as an attractive investment by most investors. In most industries if you can single out an equity instrument trading below its cash per share value, you have a bargain and should consider buying it. Finding the stocks traded below their cash value, therefore, can be a good starting point for investors using strategies based on fundamentals.
| Competition |
In accordance with the recently published financial statements, Manulife Fin Non has a Cash Per Share of 16.92 times. This is 52.9% lower than that of the Financial Services sector and 30.56% higher than that of the Insurance - Life industry. The cash per share for all Canada preferred stocks is notably lower than that of the firm.
Manulife Cash Per Share Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Manulife Fin's direct or indirect competition against its Cash Per Share to detect undervalued stocks with similar characteristics or determine the preferred stocks which would be a good addition to a portfolio. Peer analysis of Manulife Fin could also be used in its relative valuation, which is a method of valuing Manulife Fin by comparing valuation metrics of similar companies.Manulife Fin is currently under evaluation in cash per share category among its peers.
Manulife Fundamentals
| Return On Equity | 0.13 | ||||
| Return On Asset | 0.0074 | ||||
| Profit Margin | 0.34 % | ||||
| Operating Margin | 0.48 % | ||||
| Current Valuation | 41.54 B | ||||
| Shares Outstanding | 1.98 B | ||||
| Shares Owned By Institutions | 23.86 % | ||||
| Number Of Shares Shorted | 190.65 K | ||||
| Price To Earning | 6.34 X | ||||
| Price To Sales | 2.30 X | ||||
| Revenue | 59.84 B | ||||
| Gross Profit | 18.14 B | ||||
| EBITDA | 10.65 B | ||||
| Net Income | 6.66 B | ||||
| Cash And Equivalents | 33.11 B | ||||
| Cash Per Share | 16.92 X | ||||
| Total Debt | 11.86 B | ||||
| Debt To Equity | 42.00 % | ||||
| Book Value Per Share | 27.62 X | ||||
| Cash Flow From Operations | 23.16 B | ||||
| Short Ratio | 39.26 X | ||||
| Earnings Per Share | 4.66 X | ||||
| Number Of Employees | 38 K | ||||
| Beta | 1.13 | ||||
| Market Capitalization | 54.84 B | ||||
| Total Asset | 917.64 B | ||||
| Z Score | 2.4 | ||||
| Annual Yield | 0.05 % | ||||
| Five Year Return | 4.59 % | ||||
| Net Asset | 917.64 B | ||||
| Last Dividend Paid | 1.27 |
About Manulife Fin Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Manulife Fin Non's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Manulife Fin using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Manulife Fin Non based on its fundamental data. In general, a quantitative approach, as applied to this company, 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.
Pair Trading with Manulife Fin
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 Manulife Fin 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 Manulife Fin will appreciate offsetting losses from the drop in the long position's value.Moving together with Manulife Preferred Stock
Moving against Manulife Preferred Stock
| 0.93 | BMO | Bank of Montreal | PairCorr |
| 0.9 | NA | National Bank Earnings Call This Week | PairCorr |
| 0.79 | RY | Royal Bank Earnings Call This Week | PairCorr |
| 0.78 | BMO-PE | Bank of Montreal | PairCorr |
| 0.78 | RY-PS | Royal Bank Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Manulife Fin 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 Fin 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 Fin - 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 Fin Non to buy it.
The correlation of Manulife Fin 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 Manulife Fin moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Manulife Fin Non 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 Manulife Fin 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 Manulife Preferred Stock
Manulife Fin financial ratios help investors to determine whether Manulife Preferred Stock 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 Manulife with respect to the benefits of owning Manulife Fin security.