HANCOCK JOHN LIFE Market Value
| 41013MCP3 | 104.81 1.65 1.60% |
| Symbol | HANCOCK |
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 HANCOCK's bond 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 HANCOCK.
| 01/02/2025 |
| 02/01/2025 |
If you would invest 0.00 in HANCOCK on January 2, 2025 and sell it all today you would earn a total of 0.00 from holding HANCOCK JOHN LIFE or generate 0.0% return on investment in HANCOCK over 30 days. HANCOCK is related to or competes with NetEase, AKITA Drilling, Seadrill, Patterson UTI, Allient, Vantage Drilling, and Borr Drilling. More
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 HANCOCK's bond 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 HANCOCK JOHN LIFE upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 5.79 | |||
| Value At Risk | (2.48) | |||
| Potential Upside | 1.96 |
HANCOCK Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HANCOCK's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HANCOCK's standard deviation. In reality, there are many statistical measures that can use HANCOCK historical prices to predict the future HANCOCK's volatility.| Risk Adjusted Performance | 3.0E-4 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | 0.3672 |
HANCOCK JOHN LIFE Backtested Returns
At this point, HANCOCK is very steady. HANCOCK JOHN LIFE holds Efficiency (Sharpe) Ratio of 0.053, which attests that the bond had a 0.053 % return per unit of volatility over the last 3 months. We have found twenty-one technical indicators for HANCOCK JOHN LIFE, which you can use to evaluate the volatility of the entity. Please check out HANCOCK's market risk adjusted performance of 0.3772, and Coefficient Of Variation of (24,162) to validate if the risk estimate we provide is consistent with the expected return of 0.0623%. The entity retains a Market Volatility (i.e., Beta) of -0.0425, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning HANCOCK are expected to decrease at a much lower rate. During the bear market, HANCOCK is likely to outperform the market.
Auto-correlation | 0.33 |
Below average predictability
HANCOCK JOHN LIFE has below average predictability. Overlapping area represents the amount of predictability between HANCOCK time series from 2nd of January 2025 to 17th of January 2025 and 17th of January 2025 to 1st of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of HANCOCK JOHN LIFE price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current HANCOCK price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.89 | |
| Residual Average | 0.0 | |
| Price Variance | 0.32 |
HANCOCK JOHN LIFE lagged returns against current returns
Autocorrelation, which is HANCOCK bond'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 HANCOCK's bond expected returns. We can calculate the autocorrelation of HANCOCK returns to help us make a trade decision. For example, suppose you find that HANCOCK has exhibited high autocorrelation historically, and you observe that the bond 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 |
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 HANCOCK bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HANCOCK bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HANCOCK bond over time.
Current vs Lagged Prices |
| Timeline |
HANCOCK Lagged Returns
When evaluating HANCOCK's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HANCOCK bond have on its future price. 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, HANCOCK autocorrelation shows the relationship between HANCOCK bond current value and its past values and can show if there is a momentum factor associated with investing in HANCOCK JOHN LIFE.
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.Other Information on Investing in HANCOCK Bond
HANCOCK financial ratios help investors to determine whether HANCOCK Bond 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 HANCOCK with respect to the benefits of owning HANCOCK security.