Manulife Dividend Yield vs Free Cash Flow Yield Analysis

MFC Stock  CAD 45.37  0.30  0.67%   
Manulife Financial financial indicator trend analysis is infinitely more than just investigating Manulife Financial Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Manulife Financial Corp is a good investment. Please check the relationship between Manulife Financial Dividend Yield and its Free Cash Flow Yield accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Manulife Financial Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Dividend Yield vs Free Cash Flow Yield

Dividend Yield vs Free Cash Flow Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Manulife Financial Corp Dividend Yield account and Free Cash Flow Yield. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Manulife Financial's Dividend Yield and Free Cash Flow Yield is 0.19. Overlapping area represents the amount of variation of Dividend Yield that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of Manulife Financial Corp, assuming nothing else is changed. The correlation between historical values of Manulife Financial's Dividend Yield and Free Cash Flow Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Dividend Yield of Manulife Financial Corp are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Dividend Yield i.e., Manulife Financial's Dividend Yield and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

0.19
Relationship DirectionPositive 
Relationship StrengthInsignificant

Dividend Yield

Dividend Yield is Manulife Financial Corp dividend as a percentage of Manulife Financial stock price. Manulife Financial Corp dividend yield is a measure of Manulife Financial stock productivity, which can be interpreted as interest rate earned on an Manulife Financial investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.
Most indicators from Manulife Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Manulife Financial Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Manulife Financial Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
At this time, Manulife Financial's Selling General Administrative is very stable compared to the past year. As of the 3rd of December 2024, Sales General And Administrative To Revenue is likely to grow to 0.12, while Tax Provision is likely to drop about 836.2 M.
 2021 2022 2023 2024 (projected)
Total Revenue59.8B15.3B50.3B39.7B
Interest Expense1.0B1.4B1.6B992.4M

Manulife Financial fundamental ratios Correlations

0.930.980.02-0.470.060.770.150.120.110.090.80.650.270.790.240.850.890.640.3-0.40.850.870.170.840.7
0.930.890.0-0.30.040.780.260.22-0.090.20.770.530.180.710.20.750.870.630.34-0.370.860.850.10.820.64
0.980.890.03-0.460.090.780.270.090.190.070.670.760.360.810.250.850.810.650.27-0.50.790.890.230.890.73
0.020.00.030.420.960.350.210.47-0.130.470.03-0.32-0.12-0.140.970.120.1-0.70.48-0.19-0.010.270.820.210.41
-0.47-0.3-0.460.420.47-0.120.10.42-0.210.44-0.4-0.49-0.11-0.820.29-0.71-0.4-0.670.240.01-0.47-0.180.31-0.1-0.05
0.060.040.090.960.470.420.280.5-0.050.51-0.02-0.22-0.06-0.130.950.120.08-0.660.56-0.32-0.030.340.810.320.44
0.770.780.780.35-0.120.420.590.45-0.030.430.570.350.10.570.520.640.750.330.79-0.530.750.940.370.850.52
0.150.260.270.210.10.280.590.22-0.020.21-0.140.16-0.090.250.310.160.130.140.5-0.460.260.550.140.470.15
0.120.220.090.470.420.50.450.22-0.471.00.34-0.270.25-0.160.46-0.060.38-0.20.57-0.020.330.370.560.20.06
0.11-0.090.19-0.13-0.21-0.05-0.03-0.02-0.47-0.47-0.170.42-0.020.13-0.080.11-0.140.12-0.2-0.18-0.13-0.04-0.140.090.07
0.090.20.070.470.440.510.430.211.0-0.470.31-0.280.25-0.190.46-0.080.35-0.220.56-0.030.290.350.560.190.05
0.80.770.670.03-0.4-0.020.57-0.140.34-0.170.310.180.080.560.160.630.960.480.240.120.90.610.080.440.38
0.650.530.76-0.32-0.49-0.220.350.16-0.270.42-0.280.180.640.66-0.130.580.310.7-0.16-0.50.340.510.080.650.54
0.270.180.36-0.12-0.11-0.060.1-0.090.25-0.020.250.080.640.18-0.050.150.130.33-0.18-0.150.110.230.470.30.32
0.790.710.81-0.14-0.82-0.130.570.25-0.160.13-0.190.560.660.180.070.950.670.710.08-0.350.730.63-0.020.570.44
0.240.20.250.970.290.950.520.310.46-0.080.460.16-0.13-0.050.070.310.28-0.520.52-0.30.170.470.830.410.56
0.850.750.850.12-0.710.120.640.16-0.060.11-0.080.630.580.150.950.310.730.510.19-0.410.720.690.190.640.6
0.890.870.810.1-0.40.080.750.130.38-0.140.350.960.310.130.670.280.730.540.38-0.070.970.80.170.630.49
0.640.630.65-0.7-0.67-0.660.330.14-0.20.12-0.220.480.70.330.71-0.520.510.54-0.12-0.120.650.45-0.430.420.13
0.30.340.270.480.240.560.790.50.57-0.20.560.24-0.16-0.180.080.520.190.38-0.12-0.440.340.590.320.50.11
-0.4-0.37-0.5-0.190.01-0.32-0.53-0.46-0.02-0.18-0.030.12-0.5-0.15-0.35-0.3-0.41-0.07-0.12-0.44-0.04-0.52-0.25-0.71-0.48
0.850.860.79-0.01-0.47-0.030.750.260.33-0.130.290.90.340.110.730.170.720.970.650.34-0.040.80.060.60.39
0.870.850.890.27-0.180.340.940.550.37-0.040.350.610.510.230.630.470.690.80.450.59-0.520.80.370.930.69
0.170.10.230.820.310.810.370.140.56-0.140.560.080.080.47-0.020.830.190.17-0.430.32-0.250.060.370.360.55
0.840.820.890.21-0.10.320.850.470.20.090.190.440.650.30.570.410.640.630.420.5-0.710.60.930.360.78
0.70.640.730.41-0.050.440.520.150.060.070.050.380.540.320.440.560.60.490.130.11-0.480.390.690.550.78
Click cells to compare fundamentals

Manulife Financial Account Relationship Matchups

Manulife Financial fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets809.1B880.3B917.6B848.9B875.6B467.4B
Short Long Term Debt Total12.7B14.0B11.9B12.4B12.7B8.0B
Total Stockholder Equity48.9B51.6B57.2B54.7B47.3B32.6B
Property Plant And Equipment Net381M1.9B1.8B1.9B674.3B708.0B
Net Debt(8.6B)(12.2B)(10.7B)(6.8B)(1.4B)(1.5B)
Non Currrent Assets Other(230.9B)(6.7B)(7.1B)(8.6B)686.7B721.1B
Other Assets556.5B600.4B631.6B590.4B679.0B712.9B
Common Stock Shares Outstanding2.0B1.9B1.9B1.9B1.8B2.1B
Liabilities And Stockholders Equity809.1B880.3B917.6B848.9B875.6B467.3B
Non Current Liabilities Total13.6B16.6B14.6B792.6B826.1B867.4B
Other Stockholder Equity22M(523M)23.8B1.2B479M455.1M
Total Liab13.6B16.6B14.6B792.6B826.8B868.2B
Retained Earnings15.5B18.9B23.5B27.0B4.8B4.6B
Total Current Liabilities649M16.4B17.7B355.0B741M704.0M
Cash20.3B26.2B22.6B19.2B14.2B15.7B
Non Current Assets Total230.9B252.4B262.1B237.9B809.8B850.3B
Cash And Short Term Investments20.3B26.2B22.6B19.2B20.3B17.0B
Common Stock Total Equity23.0B23.0B23.1B23.0B26.5B18.1B
Short Term Investments156.7B170.2B169.8B176.0B6.2B5.9B
Total Current Assets21.7B27.6B23.9B20.6B65.8B69.1B
Short Term Debt400M0.0649M615M594M564.3M
Common Stock23.1B23.0B23.1B22.2B21.5B18.9B
Good Will5.7B5.7B5.7B6.0B5.9B5.8B
Other Current Liab16.9B4.8B5.3B340.6B367.5B385.9B
Intangible Assets4.2B4.2B4.3B4.5B4.4B3.6B
Accumulated Other Comprehensive Income6.4B6.3B5.2B(25M)13.8B14.5B
Net Receivables1.4B1.4B1.3B1.4B1.7B1.2B
Other Liab739.0B783.6B822.7B750.7B863.3B740.1B
Net Tangible Assets35.1B37.8B44.1B41.7B48.0B35.4B
Long Term Debt11.7B14.0B11.9B12.4B12.1B10.5B
Other Current Assets47.7B31.1B27.2B68.3B23.2B37.4B
Long Term Investments221.0B242.4B252.2B227.4B237.7B234.3B
Property Plant Equipment1.9B1.9B1.8B1.9B2.2B1.8B
Accounts Payable10.8B11.5B12.1B13.6B15.7B11.9B
Long Term Debt Total12.1B14.0B11.9B12.4B14.2B13.7B
Capital Surpluse254M261M262M238M214.2M211.8M
Inventory(24.7B)(31.1B)(27.2B)(22.5B)(20.2B)(21.2B)

Pair Trading with Manulife Financial

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 Financial 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 Financial will appreciate offsetting losses from the drop in the long position's value.

Moving against Manulife Stock

  0.37KDA KDA GroupPairCorr
The ability to find closely correlated positions to Manulife Financial 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 Financial 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 Financial - 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 Financial Corp to buy it.
The correlation of Manulife Financial 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 Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Manulife Financial Corp 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 Financial 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.
Pair CorrelationCorrelation Matching
When determining whether Manulife Financial Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Manulife Financial's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Manulife Financial Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Manulife Financial Corp Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Manulife Financial Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Please note, there is a significant difference between Manulife Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Manulife Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Manulife Financial's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.