Jpmorgan Momentum Factor Etf Price on August 30, 2024
| JMOM Etf | USD 61.41 0.34 0.56% |
Below is the normalized historical share price chart for JPMorgan Momentum Factor extending back to November 09, 2017. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of JPMorgan Momentum stands at 61.41, as last reported on the 2nd of December, with the highest price reaching 61.54 and the lowest price hitting 61.27 during the day.
If you're considering investing in JPMorgan Etf, it is important to understand the factors that can impact its price. JPMorgan Momentum appears to be very steady, given 3 months investment horizon. JPMorgan Momentum Factor holds Efficiency (Sharpe) Ratio of 0.24, which attests that the entity had a 0.24% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for JPMorgan Momentum Factor, which you can use to evaluate the volatility of the entity. Please utilize JPMorgan Momentum's risk adjusted performance of 0.1523, and Market Risk Adjusted Performance of 0.1792 to validate if our risk estimates are consistent with your expectations.
JPMorgan Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 18.58 | 200 Day MA 54.1645 | 1 y Volatility 12.01 | 50 Day MA 58.586 | Inception Date 2017-11-08 |
JPMorgan |
Sharpe Ratio = 0.2408
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Estimated Market Risk
| 0.82 actual daily | 7 93% of assets are more volatile |
Expected Return
| 0.2 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.24 actual daily | 18 82% of assets perform better |
Based on monthly moving average JPMorgan Momentum is performing at about 18% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of JPMorgan Momentum by adding it to a well-diversified portfolio.
Average Mkt Cap Mil 103 K |
JPMorgan Momentum Valuation on August 30, 2024
It is possible to determine the worth of JPMorgan Momentum on a given historical date. On August 30, 2024 JPMorgan was worth 55.35 at the beginning of the trading date compared to the closed value of 55.63. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of JPMorgan Momentum etf. Still, in general, we apply an absolute valuation method to find JPMorgan Momentum's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of JPMorgan Momentum where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against JPMorgan Momentum's related companies.
| Open | High | Low | Close | Volume | |
| 55.32 | 55.65 | 55.05 | 55.13 | 43,788 | |
08/30/2024 | 55.35 | 55.67 | 54.97 | 55.63 | 28,158 |
| 55.30 | 55.30 | 54.10 | 54.27 | 92,099 |
| Backtest JPMorgan Momentum | | | JPMorgan Momentum History | | | JPMorgan Momentum Valuation | Previous | Next |
JPMorgan Momentum Trading Date Momentum on August 30, 2024
| On September 03 2024 JPMorgan Momentum Factor was traded for 54.27 at the closing time. The top price for the day was 55.30 and the lowest listed price was 54.10 . The trading volume for the day was 92.1 K. The trading history from September 3, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 2.44% . The trading delta at closing time against the current closing price is 4.13% . |
JPMorgan Momentum Factor Fundamentals Correlations and Trends
By evaluating JPMorgan Momentum's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among JPMorgan Momentum's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. JPMorgan financial account trend analysis is a perfect complement when working with valuation or volatility modules.About JPMorgan Momentum Etf history
JPMorgan Momentum investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for JPMorgan is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in JPMorgan Momentum Factor will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing JPMorgan Momentum stock prices may prove useful in developing a viable investing in JPMorgan Momentum
JPMorgan Momentum Etf Technical Analysis
JPMorgan Momentum technical etf 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, etf market cycles, or different charting patterns.
Price Boundaries
JPMorgan Momentum Period Price Range
Low | December 2, 2024
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0.00 | 0.00 |
JPMorgan Momentum Factor cannot be verified against its exchange. Please verify the symbol is currently traded on NYSE ARCA Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
JPMorgan Momentum December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how JPMorgan Momentum etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading JPMorgan Momentum shares will generate the highest return on investment. By undertsting and applying JPMorgan Momentum etf market strength indicators, traders can identify JPMorgan Momentum Factor entry and exit signals to maximize returns
JPMorgan Momentum Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for JPMorgan Momentum's price direction in advance. Along with the technical and fundamental analysis of JPMorgan Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of JPMorgan to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1523 | |||
| Jensen Alpha | 0.0399 | |||
| Total Risk Alpha | 0.0168 | |||
| Sortino Ratio | 0.0394 | |||
| Treynor Ratio | 0.1692 |
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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in JPMorgan Momentum Factor. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in persons. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
The market value of JPMorgan Momentum Factor 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 Momentum's value that differs from its market value or its book value, called intrinsic value, which is JPMorgan Momentum'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 Momentum's market value can be influenced by many factors that don't directly affect JPMorgan Momentum's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between JPMorgan Momentum's value and its price as these two are different measures arrived at by different means. Investors typically determine if JPMorgan Momentum is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, JPMorgan Momentum'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.