Manulife Smart Corporate Etf Market Value
| CBND Etf | 9.22 0.02 0.22% |
| Symbol | Manulife |
Manulife Smart '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 Smart's etf 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 Smart.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Manulife Smart on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Manulife Smart Corporate or generate 0.0% return on investment in Manulife Smart over 360 days. Manulife Smart is related to or competes with Manulife Multifactor, Manulife Smart, Manulife Multifactor, Manulife Multifactor, Manulife Smart, and Manulife Multifactor. More
Manulife Smart 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 Smart's etf 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 Smart Corporate upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3778 | |||
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 1.65 | |||
| Value At Risk | (0.44) | |||
| Potential Upside | 0.5495 |
Manulife Smart Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Manulife Smart's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Manulife Smart's standard deviation. In reality, there are many statistical measures that can use Manulife Smart historical prices to predict the future Manulife Smart's volatility.| Risk Adjusted Performance | 0.0906 | |||
| Jensen Alpha | 0.0156 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.22) | |||
| Treynor Ratio | 0.2254 |
Manulife Smart Corporate Backtested Returns
As of now, Manulife Etf is very steady. Manulife Smart Corporate has Sharpe Ratio of 0.14, which conveys that the entity had a 0.14% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Manulife Smart, which you can use to evaluate the volatility of the etf. Please verify Manulife Smart's Mean Deviation of 0.2141, downside deviation of 0.3778, and Risk Adjusted Performance of 0.0906 to check out if the risk estimate we provide is consistent with the expected return of 0.0417%. The etf secures a Beta (Market Risk) of 0.14, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Manulife Smart's returns are expected to increase less than the market. However, during the bear market, the loss of holding Manulife Smart is expected to be smaller as well.
Auto-correlation | 0.50 |
Modest predictability
Manulife Smart Corporate has modest predictability. Overlapping area represents the amount of predictability between Manulife Smart time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd 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 Smart Corporate price movement. The serial correlation of 0.5 indicates that about 50.0% of current Manulife Smart price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Manulife Smart Corporate lagged returns against current returns
Autocorrelation, which is Manulife Smart etf'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 Smart's etf expected returns. We can calculate the autocorrelation of Manulife Smart returns to help us make a trade decision. For example, suppose you find that Manulife Smart has exhibited high autocorrelation historically, and you observe that the etf 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 Smart 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 Smart etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Manulife Smart etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Manulife Smart etf over time.
Current vs Lagged Prices |
| Timeline |
Manulife Smart Lagged Returns
When evaluating Manulife Smart's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Manulife Smart etf have on its future price. Manulife Smart 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 Smart autocorrelation shows the relationship between Manulife Smart etf current value and its past values and can show if there is a momentum factor associated with investing in Manulife Smart Corporate.
Regressed Prices |
| Timeline |
Other Information on Investing in Manulife Etf
Manulife Smart financial ratios help investors to determine whether Manulife Etf 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 Smart security.