(JHMD) John Hancock Multifactor - Ratings and Ratios

The John Hancock Multifactor Developed International ETF (JHMD) is an exchange-traded fund that primarily invests in a subset of securities from developed markets outside the United States and Canada, aiming to replicate the performance of its underlying index. The funds investment strategy involves holding at least 80% of its net assets in securities, depositary receipts, or underlying stocks that are part of its index.

JHMD is categorized under the Foreign Large Blend ETF category, indicating its focus on large-cap stocks in international developed markets with a blend of growth and value investment styles. With Assets Under Management (AUM) of approximately $700.01 million, the fund has a considerable presence in the market.

Analyzing the technical data, JHMDs last price is $37.62, slightly below its 20-day Simple Moving Average (SMA) of $38.10, suggesting a potential short-term bearish trend. However, it is above its 50-day SMA of $36.84 and significantly above its 200-day SMA of $34.54, indicating a longer-term bullish trend. The Average True Range (ATR) of 0.35, or 0.94%, suggests moderate volatility.

Combining technical and fundamental analysis, a forecast for JHMD can be derived. Given its current price relative to its SMAs and considering the overall trend in international developed markets, JHMD is likely to continue its upward trajectory, potentially reaching or testing its 52-week high of $38.59 in the near term, assuming the absence of significant market downturns or unforeseen events. However, investors should monitor the funds performance relative to its index and the overall market conditions, as well as any changes in its AUM and expense ratio, to adjust their investment strategies accordingly.

To further refine this forecast, it would be essential to analyze the funds underlying index composition, sector allocation, and the multifactor strategy employed by John Hancock, which likely involves selecting stocks based on various fundamental factors such as value, momentum, and quality. Understanding these elements can provide deeper insights into the funds potential performance relative to its peers and the broader international developed markets.