John Hancock Multifactor Etf Technical Analysis
| JHEM Etf | USD 25.44 0.29 1.15% |
As of the 23rd of April, John Hancock retains the Risk Adjusted Performance of 0.0489, market risk adjusted performance of (0.41), and Downside Deviation of 0.9023. John Hancock technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the entity's future prices. Simply put, you can use this information to find out if the entity will indeed mirror its model of historical price patterns, or the prices will eventually revert. We were able to analyze and collect data for nineteen technical drivers for John Hancock Multifactor, which can be compared to its competitors. Please check out John Hancock Multifactor variance, as well as the relationship between the maximum drawdown and semi variance to decide if John Hancock is priced fairly, providing market reflects its last-minute price of 25.44 per share.
John Hancock Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as John, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to JohnJohn |
John Hancock technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
John Hancock Multifactor Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of John Hancock Multifactor volatility. High ATR values indicate high volatility, and low values indicate low volatility.
John Hancock Multifactor Trend Analysis
Use this graph to draw trend lines for John Hancock Multifactor. You can use it to identify possible trend reversals for John Hancock as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual John Hancock price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.John Hancock Best Fit Change Line
The following chart estimates an ordinary least squares regression model for John Hancock Multifactor applied against its price change over selected period. The best fit line has a slop of 0.02 , which means John Hancock Multifactor will continue generating value for investors. It has 122 observation points and a regression sum of squares at 9.37, which is the sum of squared deviations for the predicted John Hancock price change compared to its average price change.About John Hancock Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of John Hancock Multifactor on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of John Hancock Multifactor based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on John Hancock Multifactor price pattern first instead of the macroeconomic environment surrounding John Hancock Multifactor. By analyzing John Hancock's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of John Hancock's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to John Hancock specific price patterns or momentum indicators. Please read more on our technical analysis page.
John Hancock April 23, 2024 Technical Indicators
Most technical analysis of John help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for John from various momentum indicators to cycle indicators. When you analyze John charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Risk Adjusted Performance | 0.0489 | |||
| Market Risk Adjusted Performance | (0.41) | |||
| Mean Deviation | 0.5595 | |||
| Semi Deviation | 0.7649 | |||
| Downside Deviation | 0.9023 | |||
| Coefficient Of Variation | 1312.14 | |||
| Standard Deviation | 0.7719 | |||
| Variance | 0.5959 | |||
| Information Ratio | (0.04) | |||
| Jensen Alpha | 0.058 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.42) | |||
| Maximum Drawdown | 4.19 | |||
| Value At Risk | (1.33) | |||
| Potential Upside | 1.15 | |||
| Downside Variance | 0.8142 | |||
| Semi Variance | 0.585 | |||
| Expected Short fall | (0.55) | |||
| Skewness | (0.52) | |||
| Kurtosis | 1.4 |
John Hancock Multifactor One Year Return
Based on the recorded statements, John Hancock Multifactor has an One Year Return of 6.3%. This is 66.36% lower than that of the John Hancock family and significantly higher than that of the Diversified Emerging Mkts category. The one year return for all United States etfs is notably lower than that of the firm.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in John Hancock Multifactor. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in income. Note that the John Hancock Multifactor information on this page should be used as a complementary analysis to other John Hancock'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 Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
The market value of John Hancock Multifactor is measured differently than its book value, which is the value of John that is recorded on the company's balance sheet. Investors also form their own opinion of John Hancock's value that differs from its market value or its book value, called intrinsic value, which is John Hancock's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because John Hancock's market value can be influenced by many factors that don't directly affect John Hancock's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
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.