Manulife All Cap Fund Market Value
| 0P0000U5JR | 58.36 0.00 0.00% |
| Symbol | Manulife |
Manulife All '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 All'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 All.
| 11/13/2024 |
| 12/13/2024 |
If you would invest 0.00 in Manulife All on November 13, 2024 and sell it all today you would earn a total of 0.00 from holding Manulife All Cap or generate 0.0% return on investment in Manulife All over 30 days.
Manulife All 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 All'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 All Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7122 | |||
| Information Ratio | 0.1906 | |||
| Maximum Drawdown | 5.34 | |||
| Value At Risk | (1.01) | |||
| Potential Upside | 1.11 |
Manulife All Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Manulife All's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Manulife All's standard deviation. In reality, there are many statistical measures that can use Manulife All historical prices to predict the future Manulife All's volatility.| Risk Adjusted Performance | 0.2382 | |||
| Jensen Alpha | 0.2342 | |||
| Total Risk Alpha | 0.1434 | |||
| Sortino Ratio | 0.2205 | |||
| Treynor Ratio | 1.07 |
Manulife All Cap Backtested Returns
Manulife All appears to be very steady, given 3 months investment horizon. Manulife All Cap has Sharpe Ratio of 0.26, which conveys that the entity had a 0.26% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Manulife All, which you can use to evaluate the volatility of the fund. Please exercise Manulife All's Mean Deviation of 0.5652, risk adjusted performance of 0.2382, and Downside Deviation of 0.7122 to check out if our risk estimates are consistent with your expectations. The fund secures a Beta (Market Risk) of 0.24, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Manulife All's returns are expected to increase less than the market. However, during the bear market, the loss of holding Manulife All is expected to be smaller as well.
Auto-correlation | -0.24 |
Weak reverse predictability
Manulife All Cap has weak reverse predictability. Overlapping area represents the amount of predictability between Manulife All time series from 13th of November 2024 to 28th of November 2024 and 28th of November 2024 to 13th 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 All Cap price movement. The serial correlation of -0.24 indicates that over 24.0% of current Manulife All price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
Manulife All Cap lagged returns against current returns
Autocorrelation, which is Manulife All 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 All's fund expected returns. We can calculate the autocorrelation of Manulife All returns to help us make a trade decision. For example, suppose you find that Manulife All 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 All 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 All fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Manulife All fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Manulife All fund over time.
Current vs Lagged Prices |
| Timeline |
Manulife All Lagged Returns
When evaluating Manulife All's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Manulife All fund have on its future price. Manulife All 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 All autocorrelation shows the relationship between Manulife All fund current value and its past values and can show if there is a momentum factor associated with investing in Manulife All Cap.
Regressed Prices |
| Timeline |
Pair Trading with Manulife All
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 All 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 All will appreciate offsetting losses from the drop in the long position's value.Moving together with Manulife Fund
| 0.93 | 0P0000706A | RBC Select Balanced | PairCorr |
| 0.93 | 0P00007069 | RBC Portefeuille | PairCorr |
| 0.89 | 0P0000IUYO | Edgepoint Global Por | PairCorr |
| 0.87 | 0P0001FAU8 | TD Comfort Balanced | PairCorr |
| 0.99 | 0P00012UCU | RBC Global Equity | PairCorr |
The ability to find closely correlated positions to Manulife All 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 All 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 All - 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 All Cap to buy it.
The correlation of Manulife All 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 All moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Manulife All Cap 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 All 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.| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
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