Jpmorgan Preferred And Fund Market Value
| JPDIX Fund | USD 9.45 0.01 0.11% |
| Symbol | Jpmorgan |
Jpmorgan Preferred 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Jpmorgan Preferred's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Jpmorgan Preferred.
| 02/22/2024 |
| 05/22/2024 |
If you would invest 0.00 in Jpmorgan Preferred on February 22, 2024 and sell it all today you would earn a total of 0.00 from holding Jpmorgan Preferred And or generate 0.0% return on investment in Jpmorgan Preferred over 90 days. Jpmorgan Preferred is related to or competes with Dodge Global, Versatile Bond, T Rowe, Multisector Bond, Ab Bond, and Artisan High. More
Jpmorgan Preferred Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Jpmorgan Preferred's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Jpmorgan Preferred And upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2774 | |||
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 0.979 | |||
| Value At Risk | (0.32) | |||
| Potential Upside | 0.325 |
Jpmorgan Preferred Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jpmorgan Preferred's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jpmorgan Preferred's standard deviation. In reality, there are many statistical measures that can use Jpmorgan Preferred historical prices to predict the future Jpmorgan Preferred's volatility.| Risk Adjusted Performance | 0.1251 | |||
| Jensen Alpha | 0.0363 | |||
| Total Risk Alpha | 0.0162 | |||
| Sortino Ratio | (0.10) | |||
| Treynor Ratio | 0.8016 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Jpmorgan Preferred's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Jpmorgan Preferred And Backtested Returns
We consider Jpmorgan Preferred very steady. Jpmorgan Preferred And holds Efficiency (Sharpe) Ratio of 0.25, which attests that the entity had a 0.25% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Jpmorgan Preferred And, which you can use to evaluate the volatility of the entity. Please check out Jpmorgan Preferred's Coefficient Of Variation of 399.17, market risk adjusted performance of 0.8116, and Risk Adjusted Performance of 0.1251 to validate if the risk estimate we provide is consistent with the expected return of 0.0497%. The fund retains a Market Volatility (i.e., Beta) of 0.0495, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Jpmorgan Preferred's returns are expected to increase less than the market. However, during the bear market, the loss of holding Jpmorgan Preferred is expected to be smaller as well.
Auto-correlation | 0.71 |
Good predictability
Jpmorgan Preferred And has good predictability. Overlapping area represents the amount of predictability between Jpmorgan Preferred time series from 22nd of February 2024 to 7th of April 2024 and 7th of April 2024 to 22nd of May 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Jpmorgan Preferred And price movement. The serial correlation of 0.71 indicates that around 71.0% of current Jpmorgan Preferred price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Jpmorgan Preferred And lagged returns against current returns
Autocorrelation, which is Jpmorgan Preferred mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Jpmorgan Preferred's mutual fund expected returns. We can calculate the autocorrelation of Jpmorgan Preferred returns to help us make a trade decision. For example, suppose you find that Jpmorgan Preferred has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
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Jpmorgan Preferred regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Jpmorgan Preferred mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jpmorgan Preferred mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jpmorgan Preferred mutual fund over time.
Current vs Lagged Prices |
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Jpmorgan Preferred Lagged Returns
When evaluating Jpmorgan Preferred's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jpmorgan Preferred mutual fund have on its future price. Jpmorgan Preferred autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Jpmorgan Preferred autocorrelation shows the relationship between Jpmorgan Preferred mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Jpmorgan Preferred And.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out Jpmorgan Preferred Correlation, Jpmorgan Preferred Volatility and Jpmorgan Preferred Alpha and Beta module to complement your research on Jpmorgan Preferred. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Jpmorgan Preferred technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.