Manulife Financial Corp Stock Market Value
| MFC Stock | CAD 44.70 0.67 1.48% |
| Symbol | Manulife |
Manulife Financial Corp Price To Book Ratio
Manulife Financial '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 Financial's stock 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 Financial.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Manulife Financial on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Manulife Financial Corp or generate 0.0% return on investment in Manulife Financial over 30 days. Manulife Financial is related to or competes with Bank of Nova Scotia, Sun Life, Toronto Dominion, Royal Bank, and Bank of Montreal. Manulife Financial Corporation, together with its subsidiaries, provides financial advice, insurance, and wealth and ass... More
Manulife Financial 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 Financial's stock 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 Financial Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.794 | |||
| Information Ratio | 0.2332 | |||
| Maximum Drawdown | 6.59 | |||
| Value At Risk | (1.27) | |||
| Potential Upside | 2.18 |
Manulife Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Manulife Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Manulife Financial's standard deviation. In reality, there are many statistical measures that can use Manulife Financial historical prices to predict the future Manulife Financial's volatility.| Risk Adjusted Performance | 0.2728 | |||
| Jensen Alpha | 0.3142 | |||
| Total Risk Alpha | 0.2044 | |||
| Sortino Ratio | 0.3242 | |||
| Treynor Ratio | 0.7135 |
Manulife Financial Corp Backtested Returns
Manulife Financial appears to be very steady, given 3 months investment horizon. Manulife Financial Corp has Sharpe Ratio of 0.32, which conveys that the firm had a 0.32% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Manulife Financial, which you can use to evaluate the volatility of the firm. Please exercise Manulife Financial's Downside Deviation of 0.794, risk adjusted performance of 0.2728, and Mean Deviation of 0.7679 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Manulife Financial holds a performance score of 25. The company secures a Beta (Market Risk) of 0.53, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Manulife Financial's returns are expected to increase less than the market. However, during the bear market, the loss of holding Manulife Financial is expected to be smaller as well. Please check Manulife Financial's semi variance, rate of daily change, and the relationship between the value at risk and kurtosis , to make a quick decision on whether Manulife Financial's current price movements will revert.
Auto-correlation | -0.3 |
Weak reverse predictability
Manulife Financial Corp has weak reverse predictability. Overlapping area represents the amount of predictability between Manulife Financial time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Manulife Financial Corp price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Manulife Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Manulife Financial Corp lagged returns against current returns
Autocorrelation, which is Manulife Financial stock'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 Financial's stock expected returns. We can calculate the autocorrelation of Manulife Financial returns to help us make a trade decision. For example, suppose you find that Manulife Financial has exhibited high autocorrelation historically, and you observe that the stock 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 Financial 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 Financial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Manulife Financial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Manulife Financial stock over time.
Current vs Lagged Prices |
| Timeline |
Manulife Financial Lagged Returns
When evaluating Manulife Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Manulife Financial stock have on its future price. Manulife Financial 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 Financial autocorrelation shows the relationship between Manulife Financial stock current value and its past values and can show if there is a momentum factor associated with investing in Manulife Financial Corp.
Regressed Prices |
| Timeline |
Pair Trading with Manulife Financial
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 Financial 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 Financial will appreciate offsetting losses from the drop in the long position's value.Moving together with Manulife Stock
The ability to find closely correlated positions to Manulife Financial 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 Financial 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 Financial - 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 Financial Corp to buy it.
The correlation of Manulife Financial 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 Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Manulife Financial Corp 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 Financial 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.Check out Manulife Financial Correlation, Manulife Financial Volatility and Manulife Financial Alpha and Beta module to complement your research on Manulife Financial. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Manulife Financial technical stock 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, stock market cycles, or different charting patterns.