J Hancock Ii Fund Market Value
| JRODX Fund | USD 16.75 0.10 0.60% |
| Symbol | JRODX |
J 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 J 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 J Hancock.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in J Hancock on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding J Hancock Ii or generate 0.0% return on investment in J Hancock over 180 days. J Hancock is related to or competes with Prudential Jennison, and Fidelity New. The fund invests substantially all of its assets in underlying funds using an asset allocation strategy designed for inv... More
J 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 J 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 J Hancock Ii upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7315 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 3.11 | |||
| Value At Risk | (0.97) | |||
| Potential Upside | 1.05 |
J Hancock Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for J Hancock's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as J Hancock's standard deviation. In reality, there are many statistical measures that can use J Hancock historical prices to predict the future J Hancock's volatility.| Risk Adjusted Performance | 0.0909 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.0987 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of J 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.
J Hancock Ii Backtested Returns
At this stage we consider JRODX Mutual Fund to be very steady. J Hancock Ii holds Efficiency (Sharpe) Ratio of 0.16, which attests that the fund had a 0.16% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for J Hancock Ii, which you can use to evaluate the volatility of the entity. Please check out J Hancock's downside deviation of 0.7315, and Semi Deviation of 0.5784 to validate if the risk estimate we provide is consistent with the expected return of 0.1%. The entity retains a Market Volatility (i.e., Beta) of 0.72, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, J Hancock's returns are expected to increase less than the market. However, during the bear market, the loss of holding J Hancock is expected to be smaller as well.
Auto-correlation | 0.55 |
Modest predictability
J Hancock Ii has modest predictability. Overlapping area represents the amount of predictability between J Hancock time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of J Hancock Ii price movement. The serial correlation of 0.55 indicates that about 55.0% of current J Hancock price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
J Hancock Ii lagged returns against current returns
Autocorrelation, which is J 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 J Hancock's mutual fund expected returns. We can calculate the autocorrelation of J Hancock returns to help us make a trade decision. For example, suppose you find that J Hancock has exhibited high autocorrelation historically, and you observe that the mutual 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 |
J 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 J Hancock mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if J 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 J Hancock mutual fund over time.
Current vs Lagged Prices |
| Timeline |
J Hancock Lagged Returns
When evaluating J Hancock's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of J Hancock mutual fund have on its future price. J 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, J Hancock autocorrelation shows the relationship between J Hancock mutual fund current value and its past values and can show if there is a momentum factor associated with investing in J Hancock Ii.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in JRODX Mutual Fund
J Hancock financial ratios help investors to determine whether JRODX Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in JRODX with respect to the benefits of owning J Hancock security.
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