Manulife Strategic Income Fund Volatility
| 0P0000NFNA | 11.42 0.01 0.09% |
As of now, Manulife Fund is very steady. Manulife Strategic Income has Sharpe Ratio of 0.2, which conveys that the entity had a 0.2 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Manulife Strategic, which you can use to evaluate the volatility of the fund. Please verify Manulife Strategic's Mean Deviation of 0.0854, risk adjusted performance of 0.1094, and Coefficient Of Variation of 448.58 to check out if the risk estimate we provide is consistent with the expected return of 0.021%.
Manulife |
Manulife Strategic Fund volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of Manulife daily returns, and it is calculated using variance and standard deviation. We also use Manulife's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Manulife Strategic volatility.
Downward market volatility can be a perfect environment for investors who play the long game with Manulife Strategic. They may decide to buy additional shares of Manulife Strategic at lower prices to lower the average cost per share, thereby improving their portfolio's performance when markets normalize.
Moving together with Manulife Fund
| 0.86 | 0P0000706A | RBC Select Balanced | PairCorr |
| 0.82 | 0P0000S9O7 | PIMCO Monthly Income | PairCorr |
| 0.8 | 0P0000S9O5 | PIMCO Monthly Income | PairCorr |
| 0.82 | 0P000072KJ | RBC Canadian Dividend | PairCorr |
| 0.85 | 0P00007069 | RBC Portefeuille | PairCorr |
| 0.82 | 0P0000WJMR | IG Mackenzie Dividend | PairCorr |
| 0.67 | 0P0000IUYO | Edgepoint Global Por | PairCorr |
| 0.81 | 0P000077FS | RBC Canadian Equity | PairCorr |
| 0.72 | 0P0000VUYE | Manulife Dividend Income | PairCorr |
| 0.78 | 0P000075R0 | Dynamic Equity Income | PairCorr |
| 0.94 | 0P0000YW3H | Russell Inv Real | PairCorr |
| 0.93 | GRNI | BMO BROOKFIELD GLOBAL | PairCorr |
| 0.76 | 0P000075KO | Ninepoint Energy Series | PairCorr |
| 0.96 | 0P0001LXLL | iProfile Low Volatility | PairCorr |
| 0.75 | 0P0001FAU5 | TD Comfort Aggressive | PairCorr |
| 0.75 | 0P00008XLH | Fidelity Global Growth | PairCorr |
| 0.71 | 0P000074QV | Fidelity Canadian | PairCorr |
| 0.68 | 0P00007060 | RBC Canadian Money | PairCorr |
| 0.78 | 0P000075KH | NEI Canadian Equity | PairCorr |
| 0.74 | 0P0000714B | Mawer New Canada | PairCorr |
| 0.67 | 0P00007148 | Mawer Canadian Money | PairCorr |
| 0.73 | 0P0000M3Z6 | FRIQUE Canadian Dividend | PairCorr |
| 0.91 | 0P000072CO | CI Corporate Bond | PairCorr |
| 0.81 | 0P0001J62O | Dfa World Equity | PairCorr |
| 0.7 | 0P000075B1 | Resolute Performance | PairCorr |
| 0.89 | 0P0000ZCTA | IG Core Portfolio | PairCorr |
| 0.84 | 0P0001OO5L | NBI International Equity | PairCorr |
Manulife Strategic Market Sensitivity And Downside Risk
Manulife Strategic's beta coefficient measures the volatility of Manulife fund compared to the systematic risk of the entire market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents Manulife fund's returns against your selected market. In other words, Manulife Strategic's beta of -0.0025 provides an investor with an approximation of how much risk Manulife Strategic fund can potentially add to one of your existing portfolios. Manulife Strategic Income exhibits very low volatility with skewness of -0.65 and kurtosis of 0.27. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Manulife Strategic's fund risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Manulife Strategic's fund price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.
| α | 0.01 | β | -0.0025 | Check current 90 days Manulife Strategic correlation with market (Dow Jones Industrial)
Manulife Strategic Volatility and Downside Risk
Manulife standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. A typical volatile entity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.
Manulife Strategic Income Fund Volatility Analysis
Volatility refers to the frequency at which Manulife Strategic fund price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Manulife Strategic's price changes. Investors will then calculate the volatility of Manulife Strategic's fund to predict their future moves. A fund that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A fund with relatively stable price changes has low volatility. A highly volatile fund is riskier, but the risk cuts both ways. Investing in highly volatile security can either be highly successful, or you may experience significant failure. There are two main types of Manulife Strategic's volatility:
Historical Volatility
This type of fund volatility measures Manulife Strategic's fluctuations based on previous trends. It's commonly used to predict Manulife Strategic's future behavior based on its past. However, it cannot conclusively determine the future direction of the fund.Implied Volatility
This type of volatility provides a positive outlook on future price fluctuations for Manulife Strategic's current market price. This means that the fund will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on Manulife Strategic's to be redeemed at a future date.Transformation |
The output start index for this execution was zero with a total number of output elements of sixty-one. Manulife Strategic Income Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input.
Manulife Strategic Projected Return Density Against Market
Assuming the 90 days trading horizon Manulife Strategic Income has a beta of -0.0025 . This suggests as returns on the benchmark increase, returns on holding Manulife Strategic are expected to decrease at a much lower rate. During a bear market, however, Manulife Strategic Income is likely to outperform the market.Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Manulife Strategic or Manulife sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Manulife Strategic's price will be affected by overall fund market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Manulife fund's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
Predicted Return Density |
| Returns |
What Drives a Manulife Strategic Price Volatility?
Several factors can influence a fund's market volatility:Industry
Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.Political and Economic environment
When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.The Company's Performance
Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract investor attention to the company. This positive attention may impact the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.Manulife Strategic Fund Risk Measures
Assuming the 90 days trading horizon the coefficient of variation of Manulife Strategic is 504.44. The daily returns are distributed with a variance of 0.01 and standard deviation of 0.11. The mean deviation of Manulife Strategic Income is currently at 0.08. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.76
α | Alpha over Dow Jones | 0.01 | |
β | Beta against Dow Jones | -0.0025 | |
σ | Overall volatility | 0.11 | |
Ir | Information ratio | -0.91 |
Manulife Strategic Fund Return Volatility
Manulife Strategic historical daily return volatility represents how much of Manulife Strategic fund's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The fund accepts 0.1057% volatility on return distribution over the 90 days horizon. By contrast, Dow Jones Industrial accepts 0.751% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
Related Correlations Analysis
| 0.93 | 0.91 | 0.94 | 1.0 | 0.98 | 0.9 | 0P0000706A | ||
| 0.93 | 0.97 | 0.93 | 0.93 | 0.92 | 0.79 | 0P0000S9O7 | ||
| 0.91 | 0.97 | 0.93 | 0.91 | 0.91 | 0.77 | 0P0000S9O5 | ||
| 0.94 | 0.93 | 0.93 | 0.95 | 0.97 | 0.82 | 0P000072KJ | ||
| 1.0 | 0.93 | 0.91 | 0.95 | 0.98 | 0.9 | 0P00007069 | ||
| 0.98 | 0.92 | 0.91 | 0.97 | 0.98 | 0.9 | 0P0000WJMR | ||
| 0.9 | 0.79 | 0.77 | 0.82 | 0.9 | 0.9 | 0P0000IUYO | ||
Risk-Adjusted Indicators
There is a big difference between Manulife Fund performing well and Manulife Strategic Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Manulife Strategic's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 0P0000706A | 0.31 | 0.08 | (0.06) | 4.24 | 0.08 | 0.66 | 1.85 | |||
| 0P0000S9O7 | 0.11 | 0.02 | (0.57) | 1.15 | 0.00 | 0.24 | 0.71 | |||
| 0P0000S9O5 | 0.11 | 0.02 | (0.57) | 1.30 | 0.00 | 0.24 | 0.71 | |||
| 0P000072KJ | 0.43 | 0.15 | 0.06 | (9.69) | 0.33 | 0.94 | 2.27 | |||
| 0P00007069 | 0.38 | 0.11 | (0.01) | 4.85 | 0.16 | 0.77 | 2.33 | |||
| 0P0000WJMR | 0.39 | 0.12 | 0.01 | (3.02) | 0.35 | 0.81 | 2.17 | |||
| 0P0000IUYO | 0.56 | 0.09 | 0.00 | 0.57 | 0.39 | 1.33 | 3.32 |
Manulife Strategic Investment Opportunity
Dow Jones Industrial has a standard deviation of returns of 0.75 and is 6.82 times more volatile than Manulife Strategic Income. 0 percent of all equities and portfolios are less risky than Manulife Strategic. You can use Manulife Strategic Income to enhance the returns of your portfolios. The fund experiences a normal upward fluctuation. Check odds of Manulife Strategic to be traded at 11.99 in 90 days.Very weak diversification
The correlation between Manulife Strategic Income and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Manulife Strategic Income and DJI in the same portfolio, assuming nothing else is changed.
Manulife Strategic Additional Risk Indicators
The analysis of Manulife Strategic's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in Manulife Strategic's investment and either accepting that risk or mitigating it. Along with some common measures of Manulife Strategic fund's risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Risk Adjusted Performance | 0.1094 | |||
| Market Risk Adjusted Performance | (5.64) | |||
| Mean Deviation | 0.0854 | |||
| Downside Deviation | 0.1592 | |||
| Coefficient Of Variation | 448.58 | |||
| Standard Deviation | 0.1083 | |||
| Variance | 0.0117 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential funds, we recommend comparing similar funds with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Manulife Strategic Suggested Diversification Pairs
Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against Manulife Strategic as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. Manulife Strategic's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, Manulife Strategic's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to Manulife Strategic Income.
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