Global Absolute Return Fund Quote
| JHAAX Fund | USD 9.77 0.02 0.21% |
Performance0 of 100
| Odds Of DistressLess than 22
|
Global Absolute is trading at 9.77 as of the 19th of April 2024; that is 0.21 percent increase since the beginning of the trading day. The fund's open price was 9.75. Global Absolute has about a 22 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. Equity ratings for Global Absolute Return are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 and ending today, the 19th of April 2024. Click here to learn more.
The fund may use an extensive range of investment strategies and invest in a wide spectrum of equity and fixed-income securities, as well as derivative instruments, in pursuing its investment objective. It may invest in equity and fixed-income securities of companies and government and supranational entities around the world, including in emerging markets. More on Global Absolute Return
Global Mutual Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Global Absolute's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Global Absolute or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Fund Concentration | John Hancock Funds, Large Blend Funds, Tactical Allocation Funds, Tactical Allocation, John Hancock (View all Sectors) |
| Update Date | 31st of March 2024 |
| Expense Ratio Date | 1st of December 2022 |
| Fiscal Year End | July |
Global Absolute Return [JHAAX] is traded in USA and was established 19th of April 2024. Global Absolute is listed under John Hancock category by Fama And French industry classification. The fund is listed under Tactical Allocation category and is part of John Hancock family. This fund currently has accumulated 484.63 M in assets under management (AUM) with minimum initial investment of 1 K. Global Absolute Return is currently producing year-to-date (YTD) return of 1.01%, while the total return for the last 3 years was 1.09%.
Check Global Absolute Probability Of Bankruptcy
Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Global Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Global Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Global Absolute Return Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Global Absolute Return Mutual Fund Constituents
| C | Citigroup | Stock | Financials |
| CTSH | Cognizant Technology Solutions | Stock | Information Technology |
| SAN | Banco Santander SA | Stock | Financials |
| EBAY | eBay Inc | Stock | Consumer Discretionary |
| T | ATT Inc | Stock | Communication Services |
| ORCL | Oracle | Stock | Information Technology |
| MSFT | Microsoft | Stock | Information Technology |
Global Absolute Target Price Odds Analysis
Based on a normal probability distribution, the odds of Global Absolute jumping above the current price in 90 days from now is about 99.0%. The Global Absolute Return probability density function shows the probability of Global Absolute mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Global Absolute has a beta of 0.287. This indicates as returns on the market go up, Global Absolute average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Global Absolute Return will be expected to be much smaller as well. Additionally, global Absolute Return has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Global Absolute to move above the current price in 90 days from now is about 99.0 (This Global Absolute Return probability density function shows the probability of Global Mutual Fund to fall within a particular range of prices over 90 days) .
Global Absolute Return Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Global Absolute market risk premium is the additional return an investor will receive from holding Global Absolute long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Global Absolute. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Global Absolute's alpha and beta are two of the key measurements used to evaluate Global Absolute's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.262 | |||
| Standard Deviation | 0.3258 | |||
| Variance | 0.1061 | |||
| Risk Adjusted Performance | (0.07) |
Global Absolute Against Markets
Picking the right benchmark for Global Absolute mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Global Absolute mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Global Absolute is critical whether you are bullish or bearish towards Global Absolute Return at a given time. Please also check how Global Absolute's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Global Absolute without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy Global Mutual Fund?
Before investing in Global Absolute, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Global Absolute. To buy Global Absolute fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Global Absolute. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Global Absolute fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Global Absolute Return fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Global Absolute Return fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Global Absolute Return, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Global Absolute Return?
The danger of trading Global Absolute Return is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Global Absolute is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Global Absolute. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Global Absolute Return is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Global Absolute Return. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the Global Absolute Return information on this page should be used as a complementary analysis to other Global Absolute'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 Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..