JRTJX Mutual Fund Market Value

JRTJX -  USA Fund  

USD 11.15  0.20  1.83%

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 Hype Analysis, John Hancock Correlation, Portfolio Optimization, John Hancock Volatility, as well as analyze John Hancock Alpha and Beta and John Hancock Performance.
Symbol
Backtest

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
02/01/2021
No Change 0.00  0.0 
In 1 year 4 months and 26 days
06/26/2022
0.00
If you would invest  0.00  in John Hancock on February 1, 2021 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 510 days. John Hancock is related to or competes with Caterpillar. 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
9.9611.1512.34
Details
Intrinsic
Valuation
LowReal ValueHigh
10.1111.3012.49
Details
Naive
Forecast
LowNext ValueHigh
9.7210.9012.09
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
10.7111.3612.00
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 -0.16, which attests that the entity had -0.16% 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 risk adjusted performance of (0.21), and Market Risk Adjusted Performance of (0.22) to validate the risk estimate we provide.
The fund retains a Market Volatility (i.e., Beta) of 0.7758, which attests to possible diversification benefits within a given portfolio. Let's try to break down what JRTJX'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

    
  -0.75  

Almost perfect reverse predictability

John Hancock Funds has almost perfect reverse predictability. Overlapping area represents the amount of predictability between John Hancock time series from 1st of February 2021 to 14th of October 2021 and 14th of October 2021 to 26th of June 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 -0.75 indicates that around 75.0% of current John Hancock price fluctuation can be explain by its past prices.
Correlation Coefficient-0.75
Spearman Rank Test-0.82
Residual Average0.0
Price Variance0.5

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 

John Hancock Investors Sentiment

The influence of John Hancock's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in JRTJX. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
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.

Current Sentiment - JRTJX

John Hancock Funds Investor Sentiment

Macroaxis portfolio users are indifferent in their judgment towards investing in John Hancock Funds. What is your judgment towards investing in John Hancock Funds? Are you bullish or bearish?
Bullish
Bearish
50% Bullish
50% Bearish

Becoming a Better Investor with Macroaxis

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Please see John Hancock Hype Analysis, John Hancock Correlation, Portfolio Optimization, John Hancock Volatility, as well as analyze John Hancock Alpha and Beta and John Hancock Performance. 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 Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.

Complementary Tools for JRTJX 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, stock 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...