Jpmorgan Porate Bond Fund Market Value
| CBRAX Fund | USD 8.40 0.05 0.59% |
| Symbol | Jpmorgan |
Jpmorgan Porate '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 Porate'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 Porate.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Jpmorgan Porate on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Jpmorgan Porate Bond or generate 0.0% return on investment in Jpmorgan Porate over 30 days. Jpmorgan Porate is related to or competes with Government Securities, Lord Abbett, Us Government, Short-term Government, Us Government, and Aig Government. Under normal circumstances, the fund invests at least 80 percent of its assets in corporate bonds More
Jpmorgan Porate 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 Porate'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 Porate Bond upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.42) | |||
| Maximum Drawdown | 1.41 | |||
| Value At Risk | (0.58) | |||
| Potential Upside | 0.4796 |
Jpmorgan Porate Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jpmorgan Porate's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jpmorgan Porate's standard deviation. In reality, there are many statistical measures that can use Jpmorgan Porate historical prices to predict the future Jpmorgan Porate's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | 1.13 |
Jpmorgan Porate Bond Backtested Returns
Jpmorgan Porate Bond holds Efficiency (Sharpe) Ratio of -0.0319, which attests that the entity had a -0.0319% return per unit of risk over the last 3 months. Jpmorgan Porate Bond exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Jpmorgan Porate's Risk Adjusted Performance of (0.03), market risk adjusted performance of 1.14, and Standard Deviation of 0.3214 to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of -0.0147, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Jpmorgan Porate are expected to decrease at a much lower rate. During the bear market, Jpmorgan Porate is likely to outperform the market.
Auto-correlation | 0.67 |
Good predictability
Jpmorgan Porate Bond has good predictability. Overlapping area represents the amount of predictability between Jpmorgan Porate time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th of November 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 Porate Bond price movement. The serial correlation of 0.67 indicates that around 67.0% of current Jpmorgan Porate price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Jpmorgan Porate Bond lagged returns against current returns
Autocorrelation, which is Jpmorgan Porate 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 Porate's mutual fund expected returns. We can calculate the autocorrelation of Jpmorgan Porate returns to help us make a trade decision. For example, suppose you find that Jpmorgan Porate 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 |
| Timeline |
Jpmorgan Porate 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 Porate mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jpmorgan Porate 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 Porate mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Jpmorgan Porate Lagged Returns
When evaluating Jpmorgan Porate's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jpmorgan Porate mutual fund have on its future price. Jpmorgan Porate 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 Porate autocorrelation shows the relationship between Jpmorgan Porate mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Jpmorgan Porate Bond.
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.Other Information on Investing in Jpmorgan Mutual Fund
Jpmorgan Porate financial ratios help investors to determine whether Jpmorgan Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Jpmorgan with respect to the benefits of owning Jpmorgan Porate security.
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