John Hancock Exchange Traded Etf Market Value

JHMB Etf  USD 21.88  0.18  0.83%   
John Hancock's market value is the price at which a share of John Hancock trades on a public exchange. It measures the collective expectations of John Hancock Exchange Traded investors about its performance. John Hancock is trading at 21.88 as of the 26th of November 2024, a 0.83 percent increase since the beginning of the trading day. The etf's open price was 21.7.
With this module, you can estimate the performance of a buy and hold strategy of John Hancock Exchange Traded and determine expected loss or profit from investing in John Hancock over a given investment horizon. Check out John Hancock Correlation, John Hancock Volatility and John Hancock Alpha and Beta module to complement your research on John Hancock.
Symbol

The market value of John Hancock Exchange is measured differently than its book value, which is the value of John that is recorded on the company's balance sheet. Investors also form their own opinion of John Hancock's value that differs from its market value or its book value, called intrinsic value, which is John Hancock's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because John Hancock's market value can be influenced by many factors that don't directly affect John Hancock's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between John Hancock's value and its price as these two are different measures arrived at by different means. Investors typically determine if John Hancock is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, John Hancock's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

John Hancock '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 John Hancock's etf 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 John Hancock.
0.00
01/06/2023
No Change 0.00  0.0 
In 1 year 10 months and 22 days
11/26/2024
0.00
If you would invest  0.00  in John Hancock on January 6, 2023 and sell it all today you would earn a total of 0.00 from holding John Hancock Exchange Traded or generate 0.0% return on investment in John Hancock over 690 days. John Hancock is related to or competes with First Trust, First Trust, First Trust, First Trust, and First Trust. Under normal market conditions, the fund invests at least 80 percent of its net assets in mortgage-backed securities More

John Hancock 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 John Hancock's etf 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 John Hancock Exchange Traded upside and downside potential and time the market with a certain degree of confidence.

John Hancock Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for John Hancock's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as John Hancock's standard deviation. In reality, there are many statistical measures that can use John Hancock historical prices to predict the future John Hancock's volatility.
Hype
Prediction
LowEstimatedHigh
21.5421.8822.22
Details
Intrinsic
Valuation
LowRealHigh
21.6021.9422.28
Details

John Hancock Exchange Backtested Returns

John Hancock Exchange holds Efficiency (Sharpe) Ratio of -0.0387, which attests that the entity had a -0.0387% return per unit of risk over the last 3 months. John Hancock Exchange exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out John Hancock's Risk Adjusted Performance of (0.05), standard deviation of 0.3299, and Market Risk Adjusted Performance of 0.6013 to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of -0.0428, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning John Hancock are expected to decrease at a much lower rate. During the bear market, John Hancock is likely to outperform the market.

Auto-correlation

    
  -0.57  

Good reverse predictability

John Hancock Exchange Traded has good reverse predictability. Overlapping area represents the amount of predictability between John Hancock time series from 6th of January 2023 to 17th of December 2023 and 17th of December 2023 to 26th of November 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 John Hancock Exchange price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current John Hancock price fluctuation can be explain by its past prices.
Correlation Coefficient-0.57
Spearman Rank Test-0.2
Residual Average0.0
Price Variance0.33

John Hancock Exchange lagged returns against current returns

Autocorrelation, which is John Hancock etf'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 John Hancock's etf expected returns. We can calculate the autocorrelation of John Hancock returns to help us make a trade decision. For example, suppose you find that John Hancock has exhibited high autocorrelation historically, and you observe that the etf 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  

John Hancock 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 John Hancock etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if John Hancock etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in John Hancock etf over time.
   Current vs Lagged Prices   
       Timeline  

John Hancock Lagged Returns

When evaluating John Hancock's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of John Hancock etf have on its future price. John Hancock 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, John Hancock autocorrelation shows the relationship between John Hancock etf current value and its past values and can show if there is a momentum factor associated with investing in John Hancock Exchange Traded.
   Regressed Prices   
       Timeline  

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether John Hancock Exchange is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if John Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about John Hancock Exchange Traded Etf. Highlighted below are key reports to facilitate an investment decision about John Hancock Exchange Traded Etf:
Check out John Hancock Correlation, John Hancock Volatility and John Hancock Alpha and Beta module to complement your research on John Hancock.
You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
John Hancock technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
A focus of John Hancock technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of John Hancock trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...