Manulife Finl Correlations

Preferred Stocks . Canada . 
Preferred Stock . Manulife Finl Srs
MFC-PC Preferred Stock  CAD 20.35  0.01  0.05%   
The current 90-days correlation between Manulife Finl Srs and Perseus Mining is 0.09 (i.e., Significant diversification). The correlation of Manulife Finl is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Manulife Finl Correlation With Market

Weak diversification

The correlation between Manulife Finl Srs and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Manulife Finl Srs and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Manulife Finl could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Manulife Finl when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Manulife Finl - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Manulife Finl Srs to buy it.

Moving together with Manulife Preferred Stock

  0.9MFC-PN Manulife Financial CorpPairCorr
  0.84MFC-PJ Manulife Fin NonPairCorr
  0.75MFC-PK Manulife Financial CorpPairCorr
  0.92MFC-PL Manulife Financial CorpPairCorr
  0.9MFC-PF Manulife Financial CorpPairCorr
  0.92GWO-PT Great West LifecoPairCorr
  0.91GWO-PS Great West LifecoPairCorr
  0.9GWO-PQ Great Wes 515PairCorr
  0.91GWO-PN Great West 365PairCorr
  0.71NVDA NVIDIA CDRPairCorr
  0.8AMZN Amazon CDRPairCorr
  0.79BOFA Bank of AmericaPairCorr
  0.64VISA Visa Inc CDRPairCorr
  0.74PIC-A Premium IncomePairCorr
  0.62LCS Brompton Lifeco SplitPairCorr
  0.62SPRX Sparx TechnologyPairCorr
  0.79BEI-UN Boardwalk Real EstatePairCorr
  0.66IAG iA FinancialPairCorr
  0.65CF Canaccord GenuityPairCorr
  0.87MU Micron Technology,PairCorr
  0.67CRDL Cardiol TherapeuticsPairCorr

Moving against Manulife Preferred Stock

  0.37BRK Berkshire Hathaway CDRPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
BTV
+ 1.0
AVX
PLZ-UN
+ 0.8
PRU
COST
+ 0.78
PRU
PLZ-UN
+ 0.62
COST
PLZ-UN
+ 0.55
NICU
NICU
+ 0.28
PRU
  
High negative correlations   
GVC
- 0.46
PRU
GVC
- 0.45
COST
PLZ-UN
- 0.38
GVC
COST
- 0.18
NICU
GVC
- 0.12
NICU
PLZ-UN
- 0.0
BTV

Risk-Adjusted Indicators

There is a big difference between Manulife Preferred Stock performing well and Manulife Finl Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Manulife Finl's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Manulife Finl without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Manulife Finl Corporate Management

Elected by the shareholders, the Manulife Finl's board of directors comprises two types of representatives: Manulife Finl inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Manulife. The board's role is to monitor Manulife Finl's management team and ensure that shareholders' interests are well served. Manulife Finl's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Manulife Finl's outside directors are responsible for providing unbiased perspectives on the board's policies.
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