John Hancock Fund Forecast - 8 Period Moving Average

BTO Fund  USD 29.58  0.42  1.44%   
The 8 Period Moving Average forecasted value of John Hancock Financial on the next trading day is expected to be 28.42 with a mean absolute deviation of  0.64  and the sum of the absolute errors of 33.85. John Fund Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast John Hancock stock prices and determine the direction of John Hancock Financial's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of John Hancock's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of John Hancock to cross-verify your projections.
  
Most investors in John Hancock cannot accurately predict what will happen the next trading day because, historically, fund markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the John Hancock's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets John Hancock's price structures and extracts relationships that further increase the generated results' accuracy.
An 8-period moving average forecast model for John Hancock is based on an artificially constructed time series of John Hancock daily prices in which the value for a trading day is replaced by the mean of that value and the values for 8 of preceding and succeeding time periods. This model is best suited for price series data that changes over time.

John Hancock 8 Period Moving Average Price Forecast For the 29th of March

Given 90 days horizon, the 8 Period Moving Average forecasted value of John Hancock Financial on the next trading day is expected to be 28.42 with a mean absolute deviation of 0.64, mean absolute percentage error of 0.64, and the sum of the absolute errors of 33.85.
Please note that although there have been many attempts to predict John Fund prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that John Hancock's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

John Hancock Fund Forecast Pattern

Backtest John HancockJohn Hancock Price PredictionBuy or Sell Advice 

John Hancock Forecasted Value

In the context of forecasting John Hancock's Fund value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. John Hancock's downside and upside margins for the forecasting period are 27.02 and 29.82, respectively. We have considered John Hancock's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Market Value
29.58
28.42
Expected Value
29.82
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the 8 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of John Hancock fund data series using in forecasting. Note that when a statistical model is used to represent John Hancock fund, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.
AICAkaike Information Criteria102.9561
BiasArithmetic mean of the errors 0.0888
MADMean absolute deviation0.6388
MAPEMean absolute percentage error0.0225
SAESum of the absolute errors33.8538
The eieght-period moving average method has an advantage over other forecasting models in that it does smooth out peaks and valleys in a set of daily observations. John Hancock Financial 8-period moving average forecast can only be used reliably to predict one or two periods into the future.

Predictive Modules for John Hancock

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as John Hancock Financial. Regardless of method or technology, however, to accurately forecast the fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the fund market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of John Hancock'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.
Hype
Prediction
LowEstimatedHigh
27.7629.1630.56
Details
Intrinsic
Valuation
LowRealHigh
27.6729.0730.47
Details
Bollinger
Band Projection (param)
LowMiddleHigh
28.0128.6829.36
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as John Hancock. Your research has to be compared to or analyzed against John Hancock's peers to derive any actionable benefits. When done correctly, John Hancock's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in John Hancock Financial.

Other Forecasting Options for John Hancock

For every potential investor in John, whether a beginner or expert, John Hancock's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. John Fund price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in John. Basic forecasting techniques help filter out the noise by identifying John Hancock's price trends.

John Hancock Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with John Hancock fund to make a market-neutral strategy. Peer analysis of John Hancock could also be used in its relative valuation, which is a method of valuing John Hancock by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

John Hancock Financial Technical and Predictive Analytics

The fund market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of John Hancock's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of John Hancock's current price.

John Hancock Market Strength Events

Market strength indicators help investors to evaluate how John Hancock fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading John Hancock shares will generate the highest return on investment. By undertsting and applying John Hancock fund market strength indicators, traders can identify John Hancock Financial entry and exit signals to maximize returns.

John Hancock Risk Indicators

The analysis of John Hancock's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in John Hancock's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting john fund prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Pair Trading with John Hancock

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 John Hancock 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 John Hancock will appreciate offsetting losses from the drop in the long position's value.

Moving against John Fund

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The ability to find closely correlated positions to John Hancock could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace John Hancock 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 John Hancock - 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 John Hancock Financial to buy it.
The correlation of John Hancock 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 John Hancock moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if John Hancock Financial 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 John Hancock 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.
Pair CorrelationCorrelation Matching
Check out Historical Fundamental Analysis of John Hancock to cross-verify your projections.
You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.

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When running John Hancock's price analysis, check to measure John Hancock'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 John Hancock is operating at the current time. Most of John Hancock's value examination focuses on studying past and present price action to predict the probability of John Hancock's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move John Hancock's price. Additionally, you may evaluate how the addition of John Hancock to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between John Hancock's value and its price as these two are different measures arrived at by different means. Investors typically determine if John Hancock is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, John Hancock's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.