Jpmorgan Nasdaq Equity Etf Net Asset
| JEPQ Etf | USD 56.47 0.26 0.46% |
JPMorgan Nasdaq Equity fundamentals help investors to digest information that contributes to JPMorgan Nasdaq's financial success or failures. It also enables traders to predict the movement of JPMorgan Etf. The fundamental analysis module provides a way to measure JPMorgan Nasdaq's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to JPMorgan Nasdaq etf.
JPMorgan |
JPMorgan Nasdaq Equity ETF Net Asset Analysis
JPMorgan Nasdaq's Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Current JPMorgan Nasdaq Net Asset | 534.39 M |
Most of JPMorgan Nasdaq's fundamental indicators, such as Net Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, JPMorgan Nasdaq Equity is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
| Competition |
Based on the recorded statements, JPMorgan Nasdaq Equity has a Net Asset of 534.39 M. This is much higher than that of the JPMorgan family and significantly higher than that of the Derivative Income category. The net asset for all United States etfs is 76.67% higher than that of the company.
JPMorgan Net Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses JPMorgan Nasdaq's direct or indirect competition against its Net Asset to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of JPMorgan Nasdaq could also be used in its relative valuation, which is a method of valuing JPMorgan Nasdaq by comparing valuation metrics of similar companies.JPMorgan Nasdaq is currently under evaluation in net asset as compared to similar ETFs.
Fund Asset Allocation for JPMorgan Nasdaq
The fund consists of 78.16% investments in stocks, with the rest of investments allocated between various types of exotic instruments.Asset allocation divides JPMorgan Nasdaq's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
JPMorgan Fundamentals
| Total Asset | 534.39 M | |||
| One Year Return | 27.10 % | |||
| Net Asset | 534.39 M | |||
| Equity Positions Weight | 78.16 % |
About JPMorgan Nasdaq Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze JPMorgan Nasdaq Equity's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of JPMorgan Nasdaq using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of JPMorgan Nasdaq Equity based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with JPMorgan Nasdaq
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if JPMorgan Nasdaq position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in JPMorgan Nasdaq will appreciate offsetting losses from the drop in the long position's value.Moving together with JPMorgan Etf
| 0.93 | JEPI | JPMorgan Equity Premium | PairCorr |
| 0.98 | XYLD | Global X SP | PairCorr |
| 0.91 | DIVO | Amplify CWP Enhanced | PairCorr |
| 0.94 | RYLD | Global X Russell | PairCorr |
Moving against JPMorgan Etf
The ability to find closely correlated positions to JPMorgan Nasdaq could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace JPMorgan Nasdaq when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back JPMorgan Nasdaq - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling JPMorgan Nasdaq Equity to buy it.
The correlation of JPMorgan Nasdaq is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as JPMorgan Nasdaq moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if JPMorgan Nasdaq Equity moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for JPMorgan Nasdaq can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out JPMorgan Nasdaq Piotroski F Score and JPMorgan Nasdaq Altman Z Score analysis. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
The market value of JPMorgan Nasdaq Equity 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 Nasdaq's value that differs from its market value or its book value, called intrinsic value, which is JPMorgan Nasdaq'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 Nasdaq's market value can be influenced by many factors that don't directly affect JPMorgan Nasdaq'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 Nasdaq's value and its price as these two are different measures arrived at by different means. Investors typically determine if JPMorgan Nasdaq is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, JPMorgan Nasdaq'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.