John Hancock Fund Forecast - Jensen Alpha
| BTO Fund | USD 26.56 0.38 1.41% |
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. John |
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.
| Check John Hancock Volatility | Backtest John Hancock | Information Ratio |
John Hancock Trading Date Momentum
| On April 16 2024 John Hancock Financial was traded for 26.56 at the closing time. Highest John Hancock's price during the trading hours was 27.45 and the lowest price during the day was 26.44 . There was no trading activity during the period 0.0. Lack of trading volume on the 16th of April 2024 did not cause price change. The trading delta at closing time to current price is 1.73% . |
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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.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
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.
| Mean Deviation | 1.11 | |||
| Standard Deviation | 1.45 | |||
| Variance | 2.1 |
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
| 0.63 | FCNTX | Fidelity Contrafund | PairCorr |
| 0.6 | FMAGX | Fidelity Magellan | PairCorr |
| 0.53 | VFTAX | Vanguard Ftse Social | PairCorr |
| 0.53 | FPURX | Fidelity Puritan | PairCorr |
| 0.52 | VFIAX | Vanguard 500 Index | PairCorr |
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.Check out Historical Fundamental Analysis of John Hancock to cross-verify your projections. 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..