John Hancock Variance
| HTD Fund | | | USD 24.21 -0.72 -2.89% |
Technical inputs supporting the Variance indicator for John Hancock Tax are shown here. The information is based on observed market data across timeframes. Coverage differences may occur across instruments and market segments. Cross-instrument Variance comparisons are available via
Equity Screeners. John Hancock has a market cap of 907.19 M, operating margin of 81.9%, ROE of 7.61%. Use
Risk vs Return Analysis to view allocation positioning. Allocation details are provided as informational context. Position-level data supports the allocation summary. This reflects a position in John Hancock Tax. It is distributed across the allocation. The allocation approach determines the relative weighting of each position. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as
signals in real.
John Hancock Tax has current Variance of 0.6704. Variance is another measure of security risk that shows the amount of dispersion of equity returns around their mean value. Variance is calculated as the average squared deviations from the mean. Evaluating a set of investment alternatives one can use variance to help determine the volatility when purchasing a specific security. Similar to Standard Deviation, the variance is a measure of how far a set of numbers is spread out around its mean.
Variance | = | SUM(RET DEV)2N |
| = | 0.6704 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Variance Peers Comparison
Variance Relative To Other Indicators
John Hancock Tax is rated
below average for variance versus comparable funds. It is currently under evaluation for maximum drawdown versus comparable funds with a Maximum Drawdown-to-Variance ratio near
4.87 . The Maximum Drawdown to Variance ratio for John Hancock Tax comes in at
4.87 Variance is also a measure of stock volatility and can help determine the risk an investor might take on when purchasing a specific security. A relatively big variance indicates that the daily prices or returns are far from the mean and a small variance indicates that they are located around the mean.
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