Does JHT Floating have money to sustain growth?
 | By Rifka Kats | Macroaxis Story |
Inspite fairly weak basic indicators, JHT Floating showed solid returns over the last few months and may actually be approaching a breakup point. Macroaxis considers JHT Floating not too risky given 1 month investment horizon. JHT Floating Rate holds Efficiency (Sharpe) Ratio of 0.4094 which attests that the entity had 0.4094% of return per unit of volatility over the last 1 month. Our approach towards determining volatility of a fund is to use all available market data together with fund specific technical indicators that cannot be diversified away. We have found twenty technical indicators for JHT Floating Rate which you can use to evaluate future volatility of the entity. Please utilize JHT Floating Risk Adjusted Performance of 0.3111 and Market Risk Adjusted Performance of (2.53) to validate if our risk estimates are consistent with your expectations.
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Reviewed by Vlad Skutelnik
The entity dividends can provide a clue to current valuation of the fund. JHT Floating Rate is not expected to issue dividends this year as it trying to preserve or re-invest any of the funds available for distribution to stakeholders. Let me take a closer look at JHT Floating One Year Return. Based on recorded statements JHT Floating Rate Income NAV has One Year Return of 9.37%. This is 1982.22% higher than that of the John Hancock family, and 364.15% higher than that of Bank Loan category, The One Year Return for all funds is 307.39% lower than the firm.
Typically, a company's financial statements are the reports that show the financial position of the company. There are three main documents that fall into the category of financial statements. These documents include John Hancock income statement, its balance sheet, and the statement of cash flows. Potential John Hancock investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although John Hancock investors may use each financial statement separately, they are all related. The changes in John Hancock's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on John Hancock's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.
The goal of John Hancock fundamental analysis is to do accurate financial forecasts. There are several possible objectives to fundamental analysis, such as projecting of John Hancock performance into the future periods or doing a reasonable stock valuation. The intrinsic value of John Hancock shares is the value that is considered the true value of the share. If the intrinsic value of John is higher than its market price, buying is generally recommended. If it is equal to the market price, it is recommended to hold; and if it is less than the market price, then one should sell all shares John Hancock. Please read more on our fundamental analysis page. Instrument Allocation
The asset allocation of funds such as John Hancock usually varies among a different mix of asset classes. Balanced mutual funds invest not only in bonds, which focus primarily on income, and stocks, which aim for investment growth, but also keep some reserve in cash or even exotic instruments. Below we show the current asset allocation of John Hancock Variable
DetailsAnother angle On John Hancock
The firm has beta of 0.0. The returns on MARKET and JHT Floating are completely uncorrelated. The latest increase in of JHT Floating Rate Income NAV short term price appreciation may raise some interest from investors. The Fund closed today at a share price of 33.29999924 on 0 in trading volume. The fund administrators and managers have been quite successful with maneuvering the fund at opportune times to take advantage of all market conditions in February. The fund standard deviation of daily returns for 30 days (very short) investing horizon is currently 0.8522. The very small Fund volatility is a good signal to investors with longer term investment horizons. JHT Floating discloses 6.09% in ten year return. JHT Floating is selling for 33.30. Day high is 33.29999924. To summarize, our analysis show that JHT Floating Moves indifferently to market moves. The fund is overvalued and projects chance of distress very small for the next 2 years. Our concluding buy vs. sell advice on the fund is Sell.
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