Jhancock Diversified Macro Fund Z Score

JDJAX Fund  USD 10.05  0.05  0.50%   
Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Check out Jhancock Diversified Piotroski F Score and Portfolio Optimization analysis.
  

Jhancock Z Score Analysis

Jhancock Diversified's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..

Z Score

 = 

Sum Of

5 Factors

More About Z Score | All Equity Analysis

First Factor

 = 

1.2 * (

Working Capital

/

Total Assets )

Second Factor

 = 

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

 = 

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

 = 

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

 = 

0.99 * (

Revenue

/

Total Assets )

To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.
Competition

Jhancock Diversified Z Score Component Assessment

According to the company's disclosures, Jhancock Diversified Macro has a Z Score of 0.0. This indicator is about the same for the John Hancock average (which is currently at 0.0) family and about the same as Macro Trading (which currently averages 0.0) category. This indicator is about the same for all United States funds average (which is currently at 0.0).

Jhancock Z Score Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Jhancock Diversified's direct or indirect competition against its Z Score to detect undervalued stocks with similar characteristics or determine the mutual funds which would be a good addition to a portfolio. Peer analysis of Jhancock Diversified could also be used in its relative valuation, which is a method of valuing Jhancock Diversified by comparing valuation metrics of similar companies.
Jhancock Diversified is currently under evaluation in z score among similar funds.

Jhancock Fundamentals

About Jhancock Diversified Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Jhancock Diversified Macro's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Jhancock Diversified using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Jhancock Diversified Macro based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
The fund pursues its investment objective by utilizing a multi-asset, quantitatively-driven investment strategy that seeks to provide exposure to diversified sources of return. The manager will allocate the funds assets across a range of asset classes comprising equities, fixed income, foreign currencies, and commodities. The fund is generally intended to have a low correlation to the equity and bond markets.
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 Jhancock Diversified 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, Jhancock Diversified's short interest history, or implied volatility extrapolated from Jhancock Diversified options trading.

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Check out Jhancock Diversified Piotroski F Score and Portfolio Optimization analysis.
Note that the Jhancock Diversified information on this page should be used as a complementary analysis to other Jhancock Diversified'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 Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.

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