Manulife Finl Srs Preferred Stock Market Value
| MFC-PC Preferred Stock | CAD 19.45 0.10 0.52% |
| Symbol | Manulife |
Manulife Finl '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 Finl's preferred stock 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 Finl.
| 05/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Manulife Finl on May 9, 2023 and sell it all today you would earn a total of 0.00 from holding Manulife Finl Srs or generate 0.0% return on investment in Manulife Finl over 570 days. Manulife Finl is related to or competes with Data Communications, Vizsla Silver, Arbor Metals, Stampede Drilling, Dream Industrial, and Gatos Silver. Manulife Financial Corporation, together with its subsidiaries, provides financial advice, insurance, and wealth and ass... More
Manulife Finl 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 Finl's preferred stock 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 Finl Srs upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.34) | |||
| Maximum Drawdown | 2.83 | |||
| Value At Risk | (1.10) | |||
| Potential Upside | 0.8466 |
Manulife Finl Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Manulife Finl's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Manulife Finl's standard deviation. In reality, there are many statistical measures that can use Manulife Finl historical prices to predict the future Manulife Finl's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (0.66) |
Manulife Finl Srs Backtested Returns
Manulife Finl Srs has Sharpe Ratio of -0.11, which conveys that the firm had a -0.11% return per unit of risk over the last 3 months. Manulife Finl exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Manulife Finl's Mean Deviation of 0.4185, standard deviation of 0.5631, and Risk Adjusted Performance of (0.1) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.12, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Manulife Finl's returns are expected to increase less than the market. However, during the bear market, the loss of holding Manulife Finl is expected to be smaller as well. At this point, Manulife Finl Srs has a negative expected return of -0.0602%. Please make sure to verify Manulife Finl's maximum drawdown, kurtosis, day median price, as well as the relationship between the potential upside and daily balance of power , to decide if Manulife Finl Srs performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.50 |
Modest predictability
Manulife Finl Srs has modest predictability. Overlapping area represents the amount of predictability between Manulife Finl time series from 9th of May 2023 to 18th of February 2024 and 18th of February 2024 to 29th of November 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 Finl Srs price movement. The serial correlation of 0.5 indicates that about 50.0% of current Manulife Finl price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.85 |
Manulife Finl Srs lagged returns against current returns
Autocorrelation, which is Manulife Finl preferred stock'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 Finl's preferred stock expected returns. We can calculate the autocorrelation of Manulife Finl returns to help us make a trade decision. For example, suppose you find that Manulife Finl has exhibited high autocorrelation historically, and you observe that the preferred stock 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 Finl 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 Finl preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Manulife Finl preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Manulife Finl preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Manulife Finl Lagged Returns
When evaluating Manulife Finl's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Manulife Finl preferred stock have on its future price. Manulife Finl 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 Finl autocorrelation shows the relationship between Manulife Finl preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Manulife Finl Srs.
Regressed Prices |
| Timeline |
Pair Trading with Manulife Finl
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 Finl 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 Finl will appreciate offsetting losses from the drop in the long position's value.Moving together with Manulife Preferred Stock
| 0.85 | MFC-PJ | Manulife Fin Non | PairCorr |
| 0.81 | MFC-PK | Manulife Financial Corp | PairCorr |
| 0.68 | MFC-PL | Manulife Financial Corp | PairCorr |
Moving against Manulife Preferred Stock
| 0.88 | WMT | Walmart Inc CDR | PairCorr |
| 0.83 | TSLA | Tesla Inc CDR | PairCorr |
| 0.76 | AMZN | Amazon CDR | PairCorr |
| 0.68 | NVDA | NVIDIA CDR | PairCorr |
| 0.61 | GOOG | Alphabet CDR | PairCorr |
The ability to find closely correlated positions to Manulife Finl 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 Finl 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 Finl - 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 Finl Srs to buy it.
The correlation of Manulife Finl 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 Finl moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Manulife Finl Srs 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 Finl 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 Preferred Stock
Manulife Finl financial ratios help investors to determine whether Manulife Preferred Stock 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 Finl security.