Manulife Global Equity Fund Market Value
| 0P0000MOTX | CAD 44.60 0.00 0.00% |
| Symbol | Manulife |
Manulife Global 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Manulife Global's fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Manulife Global.
| 11/13/2024 |
| 12/13/2024 |
If you would invest 0.00 in Manulife Global on November 13, 2024 and sell it all today you would earn a total of 0.00 from holding Manulife Global Equity or generate 0.0% return on investment in Manulife Global over 30 days. Manulife Global is related to or competes with Edgepoint Global, RBC Global, Invesco Global, and TD Comfort. The Fund seeks to provide above average long-term returns by investing in securities of companies around the world More
Manulife Global Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Manulife Global's fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Manulife Global Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5514 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 2.59 | |||
| Value At Risk | (0.98) | |||
| Potential Upside | 0.9011 |
Manulife Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Manulife Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Manulife Global's standard deviation. In reality, there are many statistical measures that can use Manulife Global historical prices to predict the future Manulife Global's volatility.| Risk Adjusted Performance | 0.1022 | |||
| Jensen Alpha | 0.061 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.6776 |
Manulife Global Equity Backtested Returns
As of now, Manulife Fund is very steady. Manulife Global Equity has Sharpe Ratio of 0.0796, which conveys that the entity had a 0.0796% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Manulife Global, which you can use to evaluate the volatility of the fund. Please verify Manulife Global's Risk Adjusted Performance of 0.1022, downside deviation of 0.5514, and Mean Deviation of 0.4384 to check out if the risk estimate we provide is consistent with the expected return of 0.0456%. The fund secures a Beta (Market Risk) of 0.11, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Manulife Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Manulife Global is expected to be smaller as well.
Auto-correlation | -0.2 |
Insignificant reverse predictability
Manulife Global Equity has insignificant reverse predictability. Overlapping area represents the amount of predictability between Manulife Global time series from 13th of November 2024 to 28th of November 2024 and 28th of November 2024 to 13th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Manulife Global Equity price movement. The serial correlation of -0.2 indicates that over 20.0% of current Manulife Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Manulife Global Equity lagged returns against current returns
Autocorrelation, which is Manulife Global fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Manulife Global's fund expected returns. We can calculate the autocorrelation of Manulife Global returns to help us make a trade decision. For example, suppose you find that Manulife Global has exhibited high autocorrelation historically, and you observe that the fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Manulife Global regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Manulife Global fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Manulife Global fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Manulife Global fund over time.
Current vs Lagged Prices |
| Timeline |
Manulife Global Lagged Returns
When evaluating Manulife Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Manulife Global fund have on its future price. Manulife Global autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Manulife Global autocorrelation shows the relationship between Manulife Global fund current value and its past values and can show if there is a momentum factor associated with investing in Manulife Global Equity.
Regressed Prices |
| Timeline |
Pair Trading with Manulife Global
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 Global 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 Global will appreciate offsetting losses from the drop in the long position's value.Moving together with Manulife Fund
| 0.75 | 0P0000IUYO | Edgepoint Global Por | PairCorr |
| 0.8 | 0P00012UCU | RBC Global Equity | PairCorr |
| 0.81 | 0P000072UA | Invesco Global Companies | PairCorr |
| 0.84 | 0P0001FAU5 | TD Comfort Aggressive | PairCorr |
The ability to find closely correlated positions to Manulife Global 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 Global 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 Global - 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 Global Equity to buy it.
The correlation of Manulife Global 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 Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Manulife Global Equity 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 Global 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.Other Information on Investing in Manulife Fund
Manulife Global financial ratios help investors to determine whether Manulife Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Manulife with respect to the benefits of owning Manulife Global security.
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