Manulife Financial Corp Stock Market Value
| MFC Stock | CAD 32.21 0.07 0.22% |
| Symbol | Manulife |
Manulife Financial Corp Price To Book Ratio
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 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.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Manulife Financial on March 25, 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 Algoma Central, Winpak, Fairfax Financial, Economic Investment, and IA Financial. 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 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 | 0.9089 | |||
| Information Ratio | 0.0902 | |||
| Maximum Drawdown | 10.5 | |||
| Value At Risk | (1.41) | |||
| Potential Upside | 1.55 |
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 | 0.1008 | |||
| Jensen Alpha | 0.1167 | |||
| Total Risk Alpha | 0.026 | |||
| Sortino Ratio | 0.1372 | |||
| Treynor Ratio | 0.1853 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Manulife Financial's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Manulife Financial Corp Backtested Returns
We consider Manulife Financial very steady. Manulife Financial Corp has Sharpe Ratio of 0.12, which conveys that the firm had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Manulife Financial, which you can use to evaluate the volatility of the firm. Please verify Manulife Financial's Mean Deviation of 0.8396, downside deviation of 0.9089, and Risk Adjusted Performance of 0.1008 to check out if the risk estimate we provide is consistent with the expected return of 0.16%. Manulife Financial has a performance score of 9 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 1.1, which conveys a somewhat significant risk relative to the market. Manulife Financial returns are very sensitive to returns on the market. As the market goes up or down, Manulife Financial is expected to follow. Manulife Financial Corp right now secures a risk of 1.41%. Please verify Manulife Financial Corp semi variance, rate of daily change, and the relationship between the value at risk and kurtosis , to decide if Manulife Financial Corp will be following its current price movements.
Auto-correlation | -0.26 |
Weak reverse predictability
Manulife Financial Corp has weak reverse predictability. Overlapping area represents the amount of predictability between Manulife Financial time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th of April 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 -0.26 indicates that nearly 26.0% of current Manulife Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.38 |
Manulife Financial Corp lagged returns against current returns
Autocorrelation, which is Manulife Financial 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 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 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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Manulife Financial 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 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 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 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 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Manulife Financial in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Manulife Financial's short interest history, or implied volatility extrapolated from Manulife Financial options trading.
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Try AI Portfolio ArchitectCheck out Manulife Financial Correlation, Manulife Financial Volatility and Manulife Financial Alpha and Beta module to complement your research on Manulife Financial. Note that the Manulife Financial Corp information on this page should be used as a complementary analysis to other Manulife Financial's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Complementary Tools for Manulife Stock analysis
When running Manulife Financial's price analysis, check to measure Manulife Financial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Manulife Financial is operating at the current time. Most of Manulife Financial's value examination focuses on studying past and present price action to predict the probability of Manulife Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Manulife Financial's price. Additionally, you may evaluate how the addition of Manulife Financial to your portfolios can decrease your overall portfolio volatility.
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Manulife Financial technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.