JPMorgan Tech Competition

Etfs . USA . 
Etf . JPMorgan Tech Leaders
JTEK Etf   90.08  0.16  0.18%   
JPMorgan Tech Leaders competes with Fidelity Asset, Fidelity Advisor, Goldman Sachs, GraniteShares, and Global X; as well as few others. Analyzing JPMorgan Tech competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of JPMorgan Tech to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out JPMorgan Tech Correlation with its peers.

JPMorgan Tech vs JPMorgan Healthcare Correlation

Very good diversification

The correlation between JPMorgan Tech Leaders and JDOC is -0.46 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding JPMorgan Tech Leaders and JDOC in the same portfolio, assuming nothing else is changed.

Moving together with JPMorgan Etf

  0.97VGT Vanguard InformationPairCorr
  0.93XLK Technology Select SectorPairCorr
  0.95IYW iShares Technology ETFPairCorr

Moving against JPMorgan Etf

  0.33INR Infinity Natural ResPairCorr
Specify up to 10 symbols:
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of JPMorgan Tech'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.
Hype
Prediction
LowEstimatedHigh
88.5290.0591.58
Details
Intrinsic
Valuation
LowRealHigh
88.7390.2691.79
Details
Naive
Forecast
LowNextHigh
88.1389.6691.18
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
88.8991.3093.72
Details

JPMorgan Tech Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between JPMorgan Tech and its competitors represents the degree of relationship between the price movements of corresponding etfs. A correlation of about +1.0 implies that the price of JPMorgan and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of JPMorgan Tech Leaders does not affect the price movement of the other competitor.

High positive correlations

RND
+ 0.94
GGUS
WINN
+ 0.93
GGUS
WINN
+ 0.88
RND
JDOC
+ 0.85
FGDIX
FGDIX
+ 0.83
FFANX
DTCR
+ 0.77
FFANX
  

High negative correlations

JDOC
- 0.68
AMDL
VUSUX
- 0.63
FGDIX
JDOC
- 0.57
VUSUX
JDOC
- 0.51
WINN
WINN
- 0.46
FGDIX
AMDL
- 0.45
FGDIX

JPMorgan Tech Constituents Risk-Adjusted Indicators

There is a big difference between JPMorgan Etf performing well and JPMorgan Tech ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze JPMorgan Tech's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FFANX  0.27  0.01 (0.09) 0.09  0.26 
(0.31)
 0.57 
(0.64)
 1.49 
FGDIX  1.77  0.41  0.14  0.65  2.25 
(1.89)
 4.53 
(4.20)
 9.73 
GGUS  0.70 (0.08) 0.00 (0.02) 0.00 
 0.00 
 1.32 
(1.89)
 4.84 
AMDL  4.94  0.07  0.03  0.09  6.04 
(5.23)
 12.74 
(9.60)
 33.62 
DTCR  1.14  0.04  0.03  0.10  1.41 
(1.14)
 2.08 
(2.51)
 6.26 
RND  0.74 (0.05)(0.05) 0.01  1.09 
(0.70)
 1.39 
(1.93)
 4.88 
VUSUX  0.35 (0.05) 0.00 (0.32) 0.00 
 0.00 
 0.50 
(0.97)
 2.00 
WINN  0.72 (0.10) 0.00 (0.05) 0.00 
 0.00 
 1.29 
(1.93)
 5.05 
PJIO  0.68 (0.10) 0.00 (0.05) 0.00 
 0.00 
 1.35 
(1.81)
 4.14 
JDOC  0.59  0.09  0.09  0.23  0.39 
(0.69)
 1.80 
(0.93)
 3.82 

JPMorgan Tech Competitive Analysis

The better you understand JPMorgan Tech competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, JPMorgan Tech's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across JPMorgan Tech's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
JTEK FFANX FGDIX GGUS AMDL DTCR RND VUSUX WINN PJIO
 0.18 
 90.08 
JPMorgan
 0.14 
 14.32 
Fidelity
 1.96 
 72.45 
Fidelity
 0.30 
 63.12 
Goldman
 5.54 
 21.13 
GraniteShares
 2.14 
 24.33 
Global
 0.00 
 30.32 
First
 0.13 
 7.99 
Vanguard
 0.85 
 30.92 
Harbor
 0.00 
 62.78 
PGIM
Market Volatility
(90 Days Market Risk)
Very steady
Very steady
Very steady
Very steady
Somewhat reliable
Very steady
Very steady
Very steady
Very steady
Very steady
Market Performance
(90 Days Performance)
Weakest
Fair
Solid
Weakest
Weak
Fair
Weakest
Weakest
Weakest
Weakest
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Low
Low
Low
Low
Low
Low
Low
Small
Low
Current Valuation
(Equity Enterprise Value)
Fairly Valued
Fairly Valued
Fairly Valued
Fairly Valued
Over Valued
Over Valued
Fairly Valued
Fairly Valued
Fairly Valued
Fairly Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Strong Hold
Strong Hold
Strong Buy
Strong Hold
Strong Sell
Strong Hold
Strong Hold
Hold
Strong Hold
Strong Hold
Net Asset
N/A
2.58 B
1.06 B
N/A
N/A
N/A
N/A
3.23 B
64.79 M
N/A
Minimum Initial Investment
N/A
N/A
N/A
N/A
N/A
N/A
N/A
50 K
N/A
N/A
Price To Book
N/A
2.19
1.3
N/A
N/A
N/A
N/A
N/A
0.65
N/A
Five Year Return
N/A
5.04
20.28
N/A
N/A
10.1
N/A
-6.45
N/A
N/A
One Year Return
9.3
14.24
100.0
12.5
186.0
39.3
16.0
6.63
7.8
13.9
Last Dividend Paid
N/A
0.04
1.13
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Price To Earning
N/A
19.01
27.34
N/A
N/A
N/A
N/A
N/A
-6.75
N/A
Beta
N/A
N/A
N/A
N/A
N/A
1.37
N/A
N/A
1.23
N/A
Price To Sales
N/A
1.68
2.35
N/A
N/A
N/A
N/A
N/A
0.08
N/A
Cash Position Weight
N/A
5.7
0.91
N/A
N/A
N/A
N/A
0.55
N/A
N/A
Equity Positions Weight
N/A
43.77
98.29
N/A
N/A
N/A
N/A
N/A
98.73
N/A
Three Year Return
N/A
9.91
40.73
N/A
N/A
22.5
N/A
-1.21
28.3
N/A
Annual Yield
N/A
0.0264
0.021
N/A
N/A
N/A
N/A
0.0439
N/A
N/A
Year To Date Return
N/A
1.56
12.12
N/A
N/A
N/A
N/A
0.35
N/A
N/A
Bond Positions Weight
N/A
5.17
N/A
N/A
N/A
N/A
N/A
99.45
N/A
N/A
Ten Year Return
N/A
6.46
-2.73
N/A
N/A
N/A
N/A
8.07
N/A
N/A
Day Typical Price
90.14
14.32
72.45
63.12
21.95
24.01
30.35
7.99
30.77
62.77
Accumulation Distribution
0.0118
N/A
N/A
0.0058
0.1
0.0399
0.0026
N/A
0.0142
0.0025
Market Facilitation Index
1.07
N/A
N/A
0.37
2.46
0.97
0.08
N/A
0.44
0.16
Daily Balance Of Power
(0.15)
9.2 T
9.2 T
0.5135
(0.50)
0.5258
N/A
9.2 T
0.5909
N/A
Period Momentum Indicator
(0.16)
0.02
1.39
0.19
(1.24)
0.51
N/A
0.01
0.26
N/A
Rate Of Daily Change
1.0
1.0
1.02
1.0
0.94
1.02
1.0
1.0
1.01
1.0
Day Median Price
90.17
14.32
72.45
63.11
22.36
23.85
30.36
7.99
30.7
62.76
Price Action Indicator
(0.16)
0.01
0.7
0.1
(1.85)
0.74
(0.04)
0.005
0.35
0.02
Relative Strength Index
44.87
59.97
76.59
45.04
55.95
66.56
47.61
47.01
45.24
49.08
Coefficient Of Variation
(4,083)
774.8
542.23
(11,328)
2237.86
1190.53
6059.19
(1,304)
(3,103)
(2,791)
Mean Deviation
1.15
0.2694
1.77
0.7028
4.94
1.14
0.7442
0.3531
0.7219
0.6836
Jensen Alpha
(0.13)
0.0088
0.4086
(0.08)
0.0684
0.0373
(0.05)
(0.05)
(0.1)
(0.10)
Total Risk Alpha
(0.19)
0.0023
0.2206
(0.11)
(0.34)
(0.02)
(0.09)
(0.09)
(0.13)
(0.13)
Sortino Ratio
N/A
(0.09)
0.1358
N/A
0.0347
0.0291
(0.05)
N/A
N/A
N/A
Downside Variance
N/A
0.1422
8.18
N/A
40.32
2.51
1.34
N/A
N/A
N/A
Standard Deviation
1.53
0.3457
2.53
0.9534
6.68
1.48
0.995
0.451
0.9867
0.8945
Kurtosis
0.5766
(0.02)
2.51
0.744
0.5822
0.5025
0.5568
0.0664
0.5625
0.1359
Potential Upside
2.13
0.5727
4.53
1.32
12.74
2.08
1.39
0.5031
1.29
1.35
Treynor Ratio
(0.04)
0.0918
0.6462
(0.02)
0.0896
0.1014
0.0081
(0.32)
(0.05)
(0.05)
Maximum Drawdown
6.69
1.49
9.73
4.84
33.62
6.26
4.88
2.0
5.05
4.14
Variance
2.35
0.1195
6.41
0.909
44.64
2.2
0.9899
0.2034
0.9737
0.8001
Market Risk Adjusted Performance
(0.03)
0.1018
0.6562
(0.01)
0.0996
0.1114
0.0181
(0.31)
(0.04)
(0.04)
Risk Adjusted Performance
(0.01)
0.0833
0.1421
(0)
0.0416
0.0666
0.0147
(0.06)
(0.02)
(0.02)
Skewness
(0.38)
(0.43)
(0.76)
(0.47)
0.2857
(0.27)
(0.25)
(0.66)
(0.39)
(0.41)
Semi Deviation
N/A
0.2552
2.25
N/A
6.04
1.41
1.09
N/A
N/A
N/A
Information Ratio
(0.08)
(0.1)
0.1535
(0.09)
0.033
0.0311
(0.06)
(0.25)
(0.11)
(0.12)
Value At Risk
(2.76)
(0.64)
(4.20)
(1.89)
(9.60)
(2.51)
(1.93)
(0.97)
(1.93)
(1.81)
Expected Short fall
N/A
(0.31)
(1.89)
N/A
(5.23)
(1.14)
(0.70)
N/A
N/A
N/A
Downside Deviation
N/A
0.3771
2.86
N/A
6.35
1.59
1.16
N/A
N/A
N/A
Semi Variance
N/A
0.0651
5.08
N/A
36.45
1.99
1.18
N/A
N/A
N/A

JPMorgan Tech Competition Performance Charts

Five steps to successful analysis of JPMorgan Tech Competition

JPMorgan Tech's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by JPMorgan Tech Leaders in relation to its competition. JPMorgan Tech's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of JPMorgan Tech in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact JPMorgan Tech's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to JPMorgan Tech Leaders, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your JPMorgan Tech position

In addition to having JPMorgan Tech in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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When determining whether JPMorgan Tech Leaders is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if JPMorgan Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Jpmorgan Tech Leaders Etf. Highlighted below are key reports to facilitate an investment decision about Jpmorgan Tech Leaders Etf:
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Check out JPMorgan Tech Correlation with its peers.
You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
The market value of JPMorgan Tech Leaders is measured differently than its book value, which is the value of JPMorgan that is recorded on the company's balance sheet. Investors also form their own opinion of JPMorgan Tech's value that differs from its market value or its book value, called intrinsic value, which is JPMorgan Tech's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because JPMorgan Tech's market value can be influenced by many factors that don't directly affect JPMorgan Tech's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Beneish
M Score
Details
Financial
Analysis
Details
Buy or Sell
Advice
Details
Technical
Analysis
Details
Please note, there is a significant difference between JPMorgan Tech's value and its price as these two are different measures arrived at by different means. Investors typically determine if JPMorgan Tech is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, JPMorgan Tech's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
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