JRLFX Mutual Fund Market Value

JRLFX
 Fund
  

USD 9.73  0.01  0.10%   

John Hancock's market value is the price at which a share of John Hancock stock trades on a public exchange. It measures the collective expectations of John Hancock Funds investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of John Hancock Funds and determine expected loss or profit from investing in John Hancock over a given investment horizon. Please see John Hancock Correlation, John Hancock Volatility and John Hancock Alpha and Beta module to complement your research on John Hancock.
Symbol

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 John Hancock value 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.

John Hancock 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to John Hancock's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of John Hancock.
0.00
10/27/2022
No Change 0.00  0.0 
In 31 days
11/26/2022
0.00
If you would invest  0.00  in John Hancock on October 27, 2022 and sell it all today you would earn a total of 0.00 from holding John Hancock Funds or generate 0.0% return on investment in John Hancock over 30 days. The investment seeks high total return through the funds target retirement date, with a greater focus on income beyond t... More

John Hancock Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure John Hancock's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess John Hancock Funds upside and downside potential and time the market with a certain degree of confidence.

John Hancock Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for John Hancock's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as John Hancock's standard deviation. In reality, there are many statistical measures that can use John Hancock historical prices to predict the future John Hancock's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view 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. Please use the tools below to analyze the current value of John Hancock in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
8.899.7310.57
Details
Intrinsic
Valuation
LowReal ValueHigh
8.819.6510.49
Details
Naive
Forecast
LowNext ValueHigh
8.979.8010.64
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
9.589.659.73
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 towards taking a position in John Hancock Funds.

John Hancock Funds Backtested Returns

John Hancock Funds holds Efficiency (Sharpe) Ratio of -0.0016, which attests that the entity had -0.0016% of return per unit of risk over the last 3 months. Macroaxis standpoint towards determining the risk of any fund is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. John Hancock Funds exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out John Hancock market risk adjusted performance of (0.034657), and Risk Adjusted Performance of (0.029256) to validate the risk estimate we provide.
The fund retains a Market Volatility (i.e., Beta) of 0.5266, which attests to possible diversification benefits within a given portfolio. Let's try to break down what JRLFX's beta means in this case. As returns on the market increase, John Hancock returns are expected to increase less than the market. However, during the bear market, the loss on holding John Hancock will be expected to be smaller as well. Even though it is essential to pay attention to John Hancock Funds current price history, it is always good to be careful when utilizing equity current price movements. Our philosophy towards determining any fund's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. John Hancock Funds exposes twenty-one different technical indicators, which can help you to evaluate its performance.

Auto-correlation

    
  0.50  

Modest predictability

John Hancock Funds has modest predictability. Overlapping area represents the amount of predictability between John Hancock time series from 27th of October 2022 to 11th of November 2022 and 11th of November 2022 to 26th of November 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of John Hancock Funds price movement. The serial correlation of 0.5 indicates that about 50.0% of current John Hancock price fluctuation can be explain by its past prices.
Correlation Coefficient0.5
Spearman Rank Test0.24
Residual Average0.0
Price Variance0.0

John Hancock Funds lagged returns against current returns

Autocorrelation, which is John Hancock mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting John Hancock's mutual fund expected returns. We can calculate the autocorrelation of John Hancock returns to help us make a trade decision. For example, suppose you find that John Hancock mutual fund has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
   Current and Lagged Values   
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       Timeline  

John Hancock regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If John Hancock mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if John Hancock mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in John Hancock mutual fund over time.
   Current vs Lagged Prices   
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       Timeline  

John Hancock Lagged Returns

When evaluating John Hancock's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of John Hancock mutual fund have on its future price. John Hancock autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, John Hancock autocorrelation shows the relationship between John Hancock mutual fund current value and its past values and can show if there is a momentum factor associated with investing in John Hancock Funds.
   Regressed Prices   
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       Timeline  

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 John Hancock 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, John Hancock's short interest history, or implied volatility extrapolated from John Hancock options trading.

Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as John Hancock Funds using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

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Please see John Hancock Correlation, John Hancock Volatility and John Hancock Alpha and Beta module to complement your research on John Hancock. Note that the John Hancock Funds 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 Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

Complementary Tools for JRLFX Mutual Fund analysis

When running John Hancock Funds 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 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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John Hancock technical mutual fund 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, fund market cycles, or different charting patterns.
A focus of John Hancock technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of John Hancock trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...