HPS (John Hancock Preferredome Fund III) Momentum Rank: 5 (As of Sep. 21, 2026) — 29% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

HPS John Hancock Preferred Income Fund III HPS
46 GF Score
Price $12.80
GF Value $21.28
Valuation Significantly Undervalued
! 4 Warning Signs
View Full Analysis

What is John Hancock Preferredome Fund III Momentum Rank?

John Hancock Preferredome Fund III HPS -1.23% 46 Momentum Rank is 5 as of Sep. 21, 2026, which is 29% below its 10-year median of 7.00. GuruFocus rates HPS with a GF Score™ of 46/100 and a GF Value™ of $21.28 (Significantly Undervalued). The stock has 4 warning signs investors should review.

John Hancock Preferredome Fund III has the Momentum Rank of 5.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 10.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

John Hancock Preferredome Fund III Momentum Rank Related Terms

HPS vs GLAD, KIO, VVR: Momentum Rank Comparison

For the Asset Management subindustry, John Hancock Preferredome Fund III's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

John Hancock Preferredome Fund III Momentum Rank vs Asset Management Industry

For the Asset Management industry and Financial Services sector, John Hancock Preferredome Fund III's Momentum Rank distribution charts can be found below:

* The bar in red indicates where John Hancock Preferredome Fund III's Momentum Rank falls into.


HPS
46GF Score
John Hancock Preferred Income Fund III HPS
Momentum Rank is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis
Frequently Asked Questions Learn more about Momentum Rank →
What does a Momentum Rank of 5 mean?
John Hancock Preferredome Fund III (HPS) has a Momentum Rank of 5 as of Sep. 21, 2026. Momentum Rank is determined using the standardized momentum ratio, measuring the speed and velocity of price changes in a stock. View historical data on John Hancock Preferredome Fund III and its competitors. This is 29% below median its historical median of 7.00. Over the past decade, John Hancock Preferredome Fund III's Momentum Rank has ranged from 1.00 to 10.00.
Is John Hancock Preferredome Fund III's Momentum Rank too high?
John Hancock Preferredome Fund III's current Momentum Rank of 5 is 29% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 10.00. Overall, John Hancock Preferredome Fund III has a GF Score™ of 46/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does John Hancock Preferredome Fund III's Momentum Rank compare to GLAD and KIO?
John Hancock Preferredome Fund III's Momentum Rank of 5 can be compared against companies in the Asset Management industry. Historically, John Hancock Preferredome Fund III's own Momentum Rank has ranged from 1.00 to 10.00 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Momentum Rank for an Asset Management company?
A good Momentum Rank depends on the Asset Management industry context. However, Momentum Rank should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Momentum Rank mean?
A high Momentum Rank can signal that a stock is expensive relative to its fundamentals. Momentum Rank is determined using the standardized momentum ratio, measuring the speed and velocity of price changes in a stock. View historical data on John Hancock Preferredome Fund III and its competitors. John Hancock Preferredome Fund III's current Momentum Rank is 5, which is 29% below median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is John Hancock Preferredome Fund III stock overvalued right now?
Based on GuruFocus' analysis, John Hancock Preferredome Fund III (HPS) is currently considered Significantly Undervalued. The stock's GF Value™ is $21.28, compared to a current price of $12.80 — trading 39.8% below its estimated fair value. The current Momentum Rank is 5, which is 29% below median its 10-year median of 7.00. John Hancock Preferredome Fund III's overall GF Score™ is 46/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Momentum Rank calculated?
Momentum Rank is calculated from a company's financial statements. For John Hancock Preferredome Fund III (HPS), the current Momentum Rank is 5 as of Sep. 21, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is John Hancock Preferredome Fund III (HPS) Overvalued in 2026?

Based on GuruFocus' analysis, John Hancock Preferredome Fund III stock appears to be undervalued. The current stock price of $12.80 is trading 39.8% below its estimated GF Value™ of $21.28. GuruFocus considers John Hancock Preferredome Fund III to be Significantly Undervalued.

Key valuation signals for HPS:

  • Momentum Rank: 5 (29% below median its 10-year median of 7.00)
  • GF Value™: $21.28 vs. price of $12.80 (39.8% below fair value)
  • GF Score™: 46/100 with 4 warning signs

No single metric tells the full story. See the HPS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

John Hancock Preferredome Fund III Business Description

Address 200 Berkeley Street, Boston, MA, USA, 02116
John Hancock Preferred Income Fund III is a closed-end, diversified management investment company. Its investment objective is to provide a high level of current income consistent with preservation of capital. The fund's secondary investment objective is to provide growth of capital to the extent consistent with its primary investment objective. It seeks to achieve the objectives by investing a majority of its assets in preferred stocks and other preferred securities, including convertible preferred securities. The portfolio composition of the company consists of the U.S. preferred securities, foreign preferred securities, common stocks, corporate bonds, and the short-term investments.
46GF Score

Get the complete analysis for HPS

Momentum Rank is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$12.80
Price
$21.28
GF Value