John Hancock Etf Forward View - Simple Moving Average
| PDT Etf | USD 12.99 0.09 0.70% |
John Hancock Premium's Simple Moving Average 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 John Hancock. This page is updated as new daily closing prices become available for John Hancock.
The Simple Moving Average forecasted value of John Hancock Premium on the next trading day is expected to be 12.99 with a mean absolute deviation of 0.07 and the sum of the absolute errors of 4.08.The simple moving average model is conceptually a linear regression of the current value of John Hancock Premium price series against current and previous (unobserved) value of John Hancock. In time series analysis, the simple moving-average model is a very common approach for modeling univariate price series models including forecasting prices into the future All Simple Moving Average forecast figures shown for John Hancock Premium are reference data reflecting model output based on available historical prices. Simple Moving Average Price Forecast For the 24th of March
Given 90 days horizon, the Simple Moving Average forecasted value of John Hancock Premium on the next trading day is expected to be 12.99 with a mean absolute deviation of 0.07 , mean absolute percentage error of 0.01 , and the sum of the absolute errors of 4.08 .Please note that although there have been many attempts to predict John Etf 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).
Etf Forecast Pattern
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Forecasted Value
For the next trading day, Macroaxis evaluates John Hancock's predictive range by looking for statistically meaningful downside and upside boundaries. The current forecast range spans downside near 12.36 and upside near 13.62.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Simple Moving Average forecasting method's relative quality and the estimations of the prediction error of John Hancock etf data series using in forecasting. Note that when a statistical model is used to represent John Hancock etf, 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 | 109.6326 |
| Bias | Arithmetic mean of the errors | -0.0125 |
| MAD | Mean absolute deviation | 0.0692 |
| MAPE | Mean absolute percentage error | 0.0053 |
| SAE | Sum of the absolute errors | 4.08 |
Other Forecasting Options for John Hancock
Bollinger Bands applied to John Etf price data measure how far John has deviated from its recent average relative to its own volatility. This distinction drives the choice of forecasting model applied to John Hancock's price data. On-balance volume for John Etf creates a running indicator of buying versus selling pressure in John. Price departures from the channel boundary often mean-revert, offering tactical signals for John Hancock's.John Hancock Related Equities
Sizing up John Hancock against these stocks within the Asset Management space shows how it compares on key financial measures. Profit comparisons show whether John Hancock earns above or below average returns next to its peers. Falling behind peers on key ratios may signal headwinds or execution issues worth looking into.
| Risk & Return | Correlation |
John Hancock Market Strength Events
For investors tracking John Hancock Premium, market strength indicators offer quantitative evaluation of etf behavior. By using these indicators, traders can make more informed decisions about when to buy or sell John Hancock Premium. These indicators capture shifts in momentum that may precede significant price moves in John Hancock. These metrics provide actionable context for both entry and risk management decisions around John Hancock Premium.
John Hancock Risk Indicators
Analyzing John Hancock's basic risk indicators provides investors with a structured view of the risk-return trade-off for john etf. By identifying the level of risk embedded in John Hancock's investment, investors can make informed decisions about position sizing. Analyzing John Hancock's risk indicators gives investors important context for price forecasting. Understanding the risk in John Hancock's investment allows investors to make informed choices about mitigating exposure.
| Mean Deviation | 0.4824 | |||
| Semi Deviation | 0.6094 | |||
| Standard Deviation | 0.6231 | |||
| Variance | 0.3883 | |||
| Downside Variance | 0.5284 | |||
| Semi Variance | 0.3714 | |||
| Expected Short fall | -0.52 |
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
A coverage review of John Hancock Premium shows when the security is attracting above-average attention from contributors and market observers. This is most useful when investors want to understand why a security is suddenly drawing more public discussion.
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John Hancock financial ratios describe how key financial values relate to each other. All information reflects the latest available financial data and is presented for reference purposes.