Manulife Financial Corp Preferred Stock Market Value
| MFC-PF Preferred Stock | CAD 17.04 0.32 1.91% |
| Symbol | Manulife |
Manulife Financial '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 Financial'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 Financial.
| 11/16/2024 |
| 12/16/2024 |
If you would invest 0.00 in Manulife Financial on November 16, 2024 and sell it all today you would earn a total of 0.00 from holding Manulife Financial Corp or generate 0.0% return on investment in Manulife Financial over 30 days. Manulife Financial is related to or competes with NextSource Materials, Precision Drilling, AKITA Drilling, Arbor Metals, and Falcon Energy. Manulife Financial Corporation, together with its subsidiaries, provides financial advice, insurance, and wealth and ass... More
Manulife Financial 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 Financial'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 Financial Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6647 | |||
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 2.6 | |||
| Value At Risk | (1.01) | |||
| Potential Upside | 1.13 |
Manulife Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Manulife Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Manulife Financial's standard deviation. In reality, there are many statistical measures that can use Manulife Financial historical prices to predict the future Manulife Financial's volatility.| Risk Adjusted Performance | 0.026 | |||
| Jensen Alpha | 0.0149 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.12) | |||
| Treynor Ratio | (0.76) |
Manulife Financial Corp Backtested Returns
At this point, Manulife Financial is very steady. Manulife Financial Corp has Sharpe Ratio of 0.0557, which conveys that the firm had a 0.0557% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Manulife Financial, which you can use to evaluate the volatility of the firm. Please verify Manulife Financial's Mean Deviation of 0.405, downside deviation of 0.6647, and Risk Adjusted Performance of 0.026 to check out if the risk estimate we provide is consistent with the expected return of 0.0332%. Manulife Financial has a performance score of 4 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.0174, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Manulife Financial are expected to decrease at a much lower rate. During the bear market, Manulife Financial is likely to outperform the market. Manulife Financial Corp right now secures a risk of 0.6%. Please verify Manulife Financial Corp total risk alpha, value at risk, expected short fall, as well as the relationship between the treynor ratio and downside variance , to decide if Manulife Financial Corp will be following its current price movements.
Auto-correlation | 0.63 |
Good predictability
Manulife Financial Corp has good predictability. Overlapping area represents the amount of predictability between Manulife Financial time series from 16th of November 2024 to 1st of December 2024 and 1st of December 2024 to 16th 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 Financial Corp price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Manulife Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Manulife Financial Corp lagged returns against current returns
Autocorrelation, which is Manulife Financial 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 Financial's preferred stock expected returns. We can calculate the autocorrelation of Manulife Financial returns to help us make a trade decision. For example, suppose you find that Manulife Financial 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 Financial 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 Financial preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Manulife Financial 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 Financial preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Manulife Financial Lagged Returns
When evaluating Manulife Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Manulife Financial preferred stock have on its future price. Manulife Financial 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 Financial autocorrelation shows the relationship between Manulife Financial preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Manulife Financial Corp.
Regressed Prices |
| Timeline |
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 Preferred Stock
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.Other Information on Investing in Manulife Preferred Stock
Manulife Financial 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 Financial security.