Our philosophy towards determining volatility of a fund is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for John Hancock US which you can use to evaluate future volatility of the entity. Please check out John Hancock to validate if risk estimate we provide are consistent with the epected return of 0.0%.
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Projected Return Density Against Market
Assuming 30 trading days horizon, John Hancock US Large Cap Eq I USD Acc has beta of -0.0142 suggesting as returns on benchmark increase, returns on holding John Hancock are expected to decrease at a much smaller rate. During bear market, however, John Hancock US Large Cap Eq I USD Acc is likely to outperform the market. Furthermore, John Hancock US Large Cap Eq I USD AccIt does not look like John Hancock alpha can have any bearing on the equity current valuation.
DOW has a standard deviation of returns of 0.65 and is 9.223372036854776E16 times more volatile than John Hancock US Large Cap Eq I USD Acc. 0% of all equities and portfolios are less risky than John Hancock. Compared to the overall equity markets, volatility of historical daily returns of John Hancock US Large Cap Eq I USD Acc is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use John Hancock US Large Cap Eq I USD Acc to protect against small markets fluctuations. The fund experiences moderate downward daily trend and can be a good diversifier. Check odds of John Hancock to be traded at $12.84 in 30 days. As returns on market increase, returns on owning John Hancock are expected to decrease at a much smaller rate. During bear market, John Hancock is likely to outperform the market.
John Hancock correlation with market
Good diversificationOverlapping area represents the amount of risk that can be diversified away by holding John Hancock US Large Cap Eq I and equity matching DJI index in the same portfolio.