Manulife Fundamental Equity Fund Market Value
| MFUN Fund | 10.27 0.11 1.06% |
| Symbol | Manulife |
Manulife Fundamental '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 Manulife Fundamental's 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 Manulife Fundamental.
| 04/21/2025 |
| 07/20/2025 |
If you would invest 0.00 in Manulife Fundamental on April 21, 2025 and sell it all today you would earn a total of 0.00 from holding Manulife Fundamental Equity or generate 0.0% return on investment in Manulife Fundamental over 90 days.
Manulife Fundamental 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 Manulife Fundamental's 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 Manulife Fundamental Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6339 | |||
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 2.43 | |||
| Value At Risk | (0.97) | |||
| Potential Upside | 1.1 |
Manulife Fundamental Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Manulife Fundamental's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Manulife Fundamental's standard deviation. In reality, there are many statistical measures that can use Manulife Fundamental historical prices to predict the future Manulife Fundamental's volatility.| Risk Adjusted Performance | 0.1025 | |||
| Jensen Alpha | 0.0558 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | 3.02 |
Manulife Fundamental Backtested Returns
As of now, Manulife Fund is very steady. Manulife Fundamental has Sharpe Ratio of 0.11, which conveys that the entity had a 0.11 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Manulife Fundamental, which you can use to evaluate the volatility of the fund. Please verify Manulife Fundamental's Downside Deviation of 0.6339, risk adjusted performance of 0.1025, and Mean Deviation of 0.4431 to check out if the risk estimate we provide is consistent with the expected return of 0.0667%. The fund secures a Beta (Market Risk) of 0.0193, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Manulife Fundamental's returns are expected to increase less than the market. However, during the bear market, the loss of holding Manulife Fundamental is expected to be smaller as well.
Auto-correlation | 0.42 |
Average predictability
Manulife Fundamental Equity has average predictability. Overlapping area represents the amount of predictability between Manulife Fundamental time series from 21st of April 2025 to 5th of June 2025 and 5th of June 2025 to 20th of July 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Manulife Fundamental price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Manulife Fundamental price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Manulife Fundamental lagged returns against current returns
Autocorrelation, which is Manulife Fundamental 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 Manulife Fundamental's fund expected returns. We can calculate the autocorrelation of Manulife Fundamental returns to help us make a trade decision. For example, suppose you find that Manulife Fundamental has exhibited high autocorrelation historically, and you observe that the fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Manulife Fundamental 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 Manulife Fundamental fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Manulife Fundamental fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Manulife Fundamental fund over time.
Current vs Lagged Prices |
| Timeline |
Manulife Fundamental Lagged Returns
When evaluating Manulife Fundamental's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Manulife Fundamental fund have on its future price. Manulife Fundamental 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, Manulife Fundamental autocorrelation shows the relationship between Manulife Fundamental fund current value and its past values and can show if there is a momentum factor associated with investing in Manulife Fundamental Equity.
Regressed Prices |
| Timeline |
Pair Trading with Manulife Fundamental
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Manulife Fundamental position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Manulife Fundamental will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Manulife Fundamental 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 Fundamental 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 Fundamental - 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 Fundamental Equity to buy it.
The correlation of Manulife Fundamental 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Manulife Fundamental moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Manulife Fundamental moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Manulife Fundamental can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments |