JOHN HANCOCK Mutual Fund Forward View - Simple Regression
| GOGIX Fund | USD 33.62 -1.12 -3.22% |
The Simple Regression forecast shown here for JOHN HANCOCK is reference data produced from the equity's historical price series. Accuracy metrics including mean absolute deviation are provided alongside the projection.
The Simple Regression forecasted value of John Hancock International on the next trading day is expected to be 36.46 with a mean absolute deviation of 1.01 and the sum of the absolute errors of 62.36.In general, regression methods applied to historical equity returns or prices series is an area of active research. In recent decades, new methods have been developed for robust regression of price series such as John Hancock International historical returns. These new methods are regression involving correlated responses such as growth curves and different regression methods accommodating various types of missing data. This Simple Regression reference page for JOHN HANCOCK presents model-generated projections from historical price data for informational purposes. Simple Regression Price Forecast For the 22nd of March
Given 90 days horizon, the Simple Regression forecasted value of John Hancock International on the next trading day is expected to be 36.46 with a mean absolute deviation of 1.01 , mean absolute percentage error of 1.45 , and the sum of the absolute errors of 62.36 .Please note that although there have been many attempts to predict JOHN Mutual Fund prices using its time series forecasting, we generally do not suggest using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that JOHN HANCOCK's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Mutual Fund Forecast Pattern
| Backtest JOHN HANCOCK | JOHN HANCOCK Price Prediction | Research Analysis |
Forecasted Value
Forecasting John Hancock International for the next session involves measuring the model's historical ability to define credible downside and upside scenarios. The projected forecast band currently runs from roughly 35.22 on the downside to about 37.69 on the upside.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Simple Regression forecasting method's relative quality and the estimations of the prediction error of JOHN HANCOCK mutual fund data series using in forecasting. Note that when a statistical model is used to represent JOHN HANCOCK mutual fund, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 120.3221 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 1.0058 |
| MAPE | Mean absolute percentage error | 0.0277 |
| SAE | Sum of the absolute errors | 62.3609 |
Other Forecasting Options for JOHN HANCOCK
Regardless of investment experience, understanding JOHN HANCOCK's price movement is essential for anyone considering a position in JOHN. Price charts for JOHN Mutual Fund are often filled with noise that can lead to poor investment choices if not properly filtered.JOHN HANCOCK Related Equities
The following equities are related to JOHN HANCOCK within the Foreign Large Growth space and can be used for peer comparison, relative valuation, or portfolio diversification. Comparing JOHN HANCOCK against peers on metrics such as P/E, margins, and return on equity helps contextualize its positioning and identify relative strengths or weaknesses.
| Risk & Return | Correlation |
JOHN HANCOCK Market Strength Events
Market strength indicators for JOHN HANCOCK give investors insight into the mutual fund's responsiveness to broader market forces. Tracking these indicators provides context to make informed timing decisions and identify periods where trading JOHN HANCOCK is likely to be most rewarding.
| Rate Of Daily Change | 0.97 | |||
| Day Median Price | 33.62 | |||
| Day Typical Price | 33.62 | |||
| Price Action Indicator | -0.56 | |||
| Period Momentum Indicator | -1.12 |
JOHN HANCOCK Risk Indicators
A thorough review of JOHN HANCOCK's risk indicators is an important first step in forecasting its price and managing investment exposure. This analysis provides context for determining the appropriate level of risk to accept when holding JOHN HANCOCK's.
| Mean Deviation | 0.9199 | |||
| Standard Deviation | 1.21 | |||
| Variance | 1.46 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Story Coverage note for JOHN HANCOCK
Coverage intensity for John Hancock International matters because narrative visibility can influence sentiment, participation, and volatility around the name. The practical risk is that faster visibility can increase both interest and skepticism at the same time.
Other Macroaxis Stories
Macroaxis publishes story content for a diverse readership that includes finance students, independent investors, money managers, and market-focused operating teams. What connects that audience is a focus on building stronger portfolios through better research, risk awareness, and comparative analysis.