(JHSC) John Hancock Multifactor - Ratings and Ratios

The John Hancock Multifactor Small Cap ETF (JHSC) is an exchange-traded fund that focuses on investing in small-cap companies within the U.S. market, specifically targeting those with market capitalizations that fall below the 750th largest U.S. company but above the smallest 4% of U.S. companies at the time of index reconstitution. This strategic investment approach is designed to capture a broad spectrum of small-cap securities while avoiding the very smallest and potentially most volatile companies.

JHSC is categorized under the Small Blend ETF category, indicating its investment style is centered around blending value and growth investing strategies within the small-cap segment. The fund adheres to a multifactor investment strategy, which typically involves selecting securities based on multiple criteria such as value, momentum, profitability, and low volatility. This approach aims to create a diversified portfolio that can potentially outperform the broader small-cap market by leveraging various factors that historically have driven returns.

Analyzing the technical data, JHSCs last price is $37.11, indicating a recent uptrend as it is above both its 20-day ($35.69) and 50-day ($36.45) simple moving averages. However, it remains below its 200-day SMA ($39.19), suggesting a longer-term downtrend. The Average True Range (ATR) stands at 1.13, or 3.04% of its current price, indicating moderate volatility. Given its 52-week high of $43.39 and low of $32.47, the ETF has shown significant price movement over the past year, reflecting the inherent volatility of the small-cap market.

From a fundamental perspective, JHSCs Assets Under Management (AUM) stand at $467.75 million, indicating a moderate level of investor interest. While not among the largest ETFs, it has a sufficient scale to provide liquidity to investors.

Forecasting JHSCs future performance involves analyzing both its technical and fundamental data. Given its current price is above its short-term moving averages but below its long-term average, theres a mixed signal. The multifactor strategy JHSC employs is designed to be resilient across various market conditions by diversifying across different factors. If the small-cap segment continues to recover or stabilize, JHSC could potentially benefit. However, its performance is closely tied to the overall health of the U.S. small-cap market. Assuming the current economic conditions persist, with moderate economic growth and controlled inflation, JHSC could potentially move towards its 52-week high, testing resistance around $43.39. Conversely, if the market experiences downturns or if small-cap companies face sector-specific challenges, JHSC could see its price decline towards its 52-week low. Thus, a cautious, data-driven investment approach is recommended, closely monitoring both the macroeconomic landscape and the specific performance of the small-cap segment.