JHT Floating is up 0.0901 percent despite modest market slide
 | By Rifka Kats | Macroaxis Story |
This article is intended for all current JHT Floating investors and for investors considering a position in the fund. I will inspect if investors should continue to be optimistic for the fund outlook. JHT Floating Rate elasticity to market is moves indifferently to market moves. The returns on investing in JHT Floating and the market returns of the last few months appear uncorrelated. Strong basic indicators of the fund may suggest signs of short term price drift for investors of the fund. Macroaxis considers JHT Floating not too risky given 1 month investment horizon. JHT Floating Rate holds Efficiency (Sharpe) Ratio of 0.3368 which attests that the entity had 0.3368% 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-one 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 0.2442 and Market Risk Adjusted Performance of (2.97) to validate if our risk estimates are consistent with your expectations.
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Reviewed by Gabriel Shpitalnik
The firm has beta of 0.0. The returns on MARKET and JHT Floating are completely uncorrelated. 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 now go over JHT Floating Total Asset. Based on latest financial disclosure JHT Floating Rate Income NAV has Total Asset of 3.7M. This is much higher than that of the John Hancock family, and significantly higher than that of Bank Loan category, The Total Asset for all funds is notably lower than the firm.
Using predictive technical analysis, we can analyze different prices and returns patterns and diagnose historical swings to determine the real value of John Hancock Variable. In general, sophisticated investors focus on analyzing John Hancock stock price patterns and their correlations with different microeconomic environment and drivers. They apply predictive analytics to build John Hancock's daily price indicators and compare them against related drivers such as momentum indicators and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of John Hancock's intrinsic value. In addition to deriving basic predictive indicators for John Hancock, many experienced traders also check how macroeconomic factors affect John Hancock price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of John Hancock's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
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 latest bullish price patterns experienced by current JHT Floating shareholders may raise some interest from investors. The Fund closed today at a share price of 33.31 on 1.000 in trading volume. The fund managers have been very successful with rebalancing the entity components at opportune times to take advantage of market volatility in February. The fund standard deviation of daily returns for 30 days (very short) investing horizon is currently 0.682. The very small Fund volatility is a good signal to investors with longer term investment horizons. JHT Floating reports 9.37% one year return. JHT Floating is selling for 33.31. This is 0.09 percent up. Started trading at 33.31. In closing, we believe that at this point JHT Floating is not too risky with very small probability of distress within the next 2 years. Our up-to-date Buy/Hold/Sell recommendation on the fund is Hold.
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This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Rifka Kats do not own shares of John Hancock Variable. Please refer to our Terms of Use for any information regarding our disclosure principles.