Manulife Dividend Income Fund Market Value
| 0P000075MK | 12.31 0.00 0.00% |
| Symbol | Manulife |
Manulife Dividend 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Manulife Dividend's fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Manulife Dividend.
| 12/23/2022 |
| 12/12/2024 |
If you would invest 0.00 in Manulife Dividend on December 23, 2022 and sell it all today you would earn a total of 0.00 from holding Manulife Dividend Income or generate 0.0% return on investment in Manulife Dividend over 720 days.
Manulife Dividend Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Manulife Dividend's fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Manulife Dividend Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4774 | |||
| Information Ratio | 0.1327 | |||
| Maximum Drawdown | 3.17 | |||
| Value At Risk | (0.53) | |||
| Potential Upside | 0.8961 |
Manulife Dividend Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Manulife Dividend's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Manulife Dividend's standard deviation. In reality, there are many statistical measures that can use Manulife Dividend historical prices to predict the future Manulife Dividend's volatility.| Risk Adjusted Performance | 0.2599 | |||
| Jensen Alpha | 0.1801 | |||
| Total Risk Alpha | 0.1006 | |||
| Sortino Ratio | 0.1491 | |||
| Treynor Ratio | 3.83 |
Manulife Dividend Income Backtested Returns
At this point, Manulife Dividend is very steady. Manulife Dividend Income has Sharpe Ratio of 0.3, which conveys that the entity had a 0.3% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Manulife Dividend, which you can use to evaluate the volatility of the fund. Please verify Manulife Dividend's Risk Adjusted Performance of 0.2599, mean deviation of 0.3845, and Coefficient Of Variation of 274.24 to check out if the risk estimate we provide is consistent with the expected return of 0.16%. The fund secures a Beta (Market Risk) of 0.0485, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Manulife Dividend's returns are expected to increase less than the market. However, during the bear market, the loss of holding Manulife Dividend is expected to be smaller as well.
Auto-correlation | -0.01 |
Very weak reverse predictability
Manulife Dividend Income has very weak reverse predictability. Overlapping area represents the amount of predictability between Manulife Dividend time series from 23rd of December 2022 to 18th of December 2023 and 18th of December 2023 to 12th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Manulife Dividend Income price movement. The serial correlation of -0.01 indicates that just 1.0% of current Manulife Dividend price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Manulife Dividend Income lagged returns against current returns
Autocorrelation, which is Manulife Dividend fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Manulife Dividend's fund expected returns. We can calculate the autocorrelation of Manulife Dividend returns to help us make a trade decision. For example, suppose you find that Manulife Dividend has exhibited high autocorrelation historically, and you observe that the fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Manulife Dividend regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Manulife Dividend fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Manulife Dividend fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Manulife Dividend fund over time.
Current vs Lagged Prices |
| Timeline |
Manulife Dividend Lagged Returns
When evaluating Manulife Dividend's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Manulife Dividend fund have on its future price. Manulife Dividend autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Manulife Dividend autocorrelation shows the relationship between Manulife Dividend fund current value and its past values and can show if there is a momentum factor associated with investing in Manulife Dividend Income.
Regressed Prices |
| Timeline |
Pair Trading with Manulife Dividend
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 Dividend 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 Dividend will appreciate offsetting losses from the drop in the long position's value.Moving together with Manulife Fund
| 0.92 | 0P0000706A | RBC Select Balanced | PairCorr |
| 0.91 | 0P00007069 | RBC Portefeuille | PairCorr |
| 0.9 | 0P0000IUYO | Edgepoint Global Por | PairCorr |
| 0.89 | 0P0001FAU8 | TD Comfort Balanced | PairCorr |
| 0.97 | 0P00012UCU | RBC Global Equity | PairCorr |
The ability to find closely correlated positions to Manulife Dividend 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 Dividend 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 Dividend - 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 Dividend Income to buy it.
The correlation of Manulife Dividend 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 Dividend moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Manulife Dividend Income 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 Dividend 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.| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
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