Manulife Smart Beta vs. Net Asset
| CDIV Etf | CAD 15.25 0.06 0.39% |
For Manulife Smart profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Manulife Smart to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Manulife Smart Dividend utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Manulife Smart's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Manulife Smart Dividend over time as well as its relative position and ranking within its peers.
Manulife |
Manulife Smart Dividend Net Asset vs. Beta Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Manulife Smart's current stock value. Our valuation model uses many indicators to compare Manulife Smart value to that of its competitors to determine the firm's financial worth. Manulife Smart Dividend is the top ETF in beta as compared to similar ETFs. It also is the top ETF in net asset as compared to similar ETFs making up about 229,580,645 of Net Asset per Beta. Comparative valuation analysis is a catch-all model that can be used if you cannot value Manulife Smart by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Manulife Smart's Etf. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Manulife Net Asset vs. Beta
Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Manulife Smart |
| = | 0.93 |
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Manulife Smart |
| = | 213.51 M |
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
Manulife Net Asset Comparison
Manulife Smart is currently under evaluation in net asset as compared to similar ETFs.
Beta Analysis
Manulife Smart returns are very sensitive to returns on the market. As the market goes up or down, Manulife Smart is expected to follow.
Manulife Smart Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Manulife Smart, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Manulife Smart will eventually generate negative long term returns. The profitability progress is the general direction of Manulife Smart's change in net profit over the period of time. It can combine multiple indicators of Manulife Smart, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
MANULIFE SMART is traded on Toronto Stock Exchange in Canada.
Manulife Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Manulife Smart. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Manulife Smart position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Manulife Smart's important profitability drivers and their relationship over time.
Use Manulife Smart in pair-trading
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 Smart 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 Smart will appreciate offsetting losses from the drop in the long position's value.Manulife Smart Pair Trading
Manulife Smart Dividend Pair Trading Analysis
The ability to find closely correlated positions to Manulife Smart 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 Smart 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 Smart - 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 Smart Dividend to buy it.
The correlation of Manulife Smart 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 Smart moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Manulife Smart Dividend 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 Smart 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.Use Investing Themes to Complement your Manulife Smart position
In addition to having Manulife Smart in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Food Products Thematic Idea Now
Food Products
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Food Products theme has 61 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Food Products Theme or any other thematic opportunities.
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Other Information on Investing in Manulife Etf
To fully project Manulife Smart's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Manulife Smart Dividend at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Manulife Smart's income statement, its balance sheet, and the statement of cash flows.