Manulife Fin Preferred Stock Forward View - Polynomial Regression
| MFC-PJ Preferred Stock | CAD 25.55 0.01 0.04% |
Manulife Fin Non's Polynomial Regression reference page covers the model's projected value and error measures from recent price data. The forecast output and associated deviation metrics are shown for informational use. The model is fitted to available historical daily prices for Manulife Fin. This page is updated as new daily closing prices become available for Manulife Fin.
The Polynomial Regression forecasted value of Manulife Fin Non on the next trading day is expected to be 25.48 with a mean absolute deviation of 0.1 and the sum of the absolute errors of 6.02.A single variable polynomial regression model attempts to put a curve through the Manulife Fin historical price points. Mathematically, assuming the independent variable is X and the dependent variable is Y, this line can be indicated as: Y = a0 + a1*X + a2*X2 + a3*X3 + ... + am*Xm All Polynomial Regression forecast figures shown for Manulife Fin Non are reference data reflecting model output based on available historical prices. Polynomial Regression Price Forecast For the 24th of March
Given 90 days horizon, the Polynomial Regression forecasted value of Manulife Fin Non on the next trading day is expected to be 25.48 with a mean absolute deviation of 0.1 , mean absolute percentage error of 0.02 , and the sum of the absolute errors of 6.02 .Please note that although there have been many attempts to predict Manulife Preferred Stock 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 Manulife Fin's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Preferred Stock Forecast Pattern
| Backtest Manulife Fin | Manulife Fin Price Prediction | Research Analysis |
Forecasted Value
For the next trading day, Macroaxis evaluates Manulife Fin's predictive range by looking for statistically meaningful downside and upside boundaries. The projected forecast band currently runs from roughly 25.09 on the downside to about 25.86 on the upside.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Polynomial Regression forecasting method's relative quality and the estimations of the prediction error of Manulife Fin preferred stock data series using in forecasting. Note that when a statistical model is used to represent Manulife Fin preferred stock, 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 | 113.9182 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0986 |
| MAPE | Mean absolute percentage error | 0.0039 |
| SAE | Sum of the absolute errors | 6.0168 |
Other Forecasting Options for Manulife Fin
Bollinger Bands applied to Manulife Preferred Stock price data measure how far Manulife has deviated from its recent average relative to its own volatility. This distinction drives the choice of forecasting model applied to Manulife Fin's price data. On-balance volume for Manulife Preferred Stock creates a running indicator of buying versus selling pressure in Manulife. Price departures from the channel boundary often mean-revert, offering tactical signals for Manulife Fin's.Manulife Fin Related Equities
The stocks listed below are peers of Manulife Fin within the Insurance - Life space and offer context for ranking and strength. Market cap and total value checks frame Manulife Fin's size within the competitive field. Peer pricing works best when the firms compared share similar business models and end markets.
| Risk & Return | Correlation |
Manulife Fin Market Strength Events
For investors tracking Manulife Fin Non, market strength indicators offer quantitative evaluation of preferred stock behavior. By using these indicators, traders can make more informed decisions about when to buy or sell Manulife Fin Non. These indicators capture shifts in momentum that may precede significant price moves in Manulife Fin. These metrics provide actionable context for both entry and risk management decisions around Manulife Fin Non.
Manulife Fin Risk Indicators
Analyzing Manulife Fin's basic risk indicators provides investors with a structured view of the risk-return trade-off for manulife preferred stock. By identifying the level of risk embedded in Manulife Fin's investment, investors can make informed decisions about position sizing. Analyzing Manulife Fin's risk indicators gives investors important context for price forecasting. Understanding the risk in Manulife Fin's investment allows investors to make informed choices about mitigating exposure.
| Mean Deviation | 0.2746 | |||
| Semi Deviation | 0.246 | |||
| Standard Deviation | 0.3784 | |||
| Variance | 0.1432 | |||
| Downside Variance | 0.1628 | |||
| Semi Variance | 0.0605 | |||
| Expected Short fall | -0.34 |
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 Manulife Fin
A coverage review of Manulife Fin Non shows when the security is attracting above-average attention from contributors and market observers. The practical risk is that faster visibility can increase both interest and skepticism at the same time.
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Other Information on Investing in Manulife Preferred Stock
Manulife Fin financial ratios describe how key financial values relate to each other. These measures reflect profitability, cash flow, and enterprise value.