James Balanced Golden Fund Market Value
| GLRBX Fund | USD 22.90 0.06 0.26% |
| Symbol | James |
James Balanced '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 James Balanced'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 James Balanced.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in James Balanced on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding James Balanced Golden or generate 0.0% return on investment in James Balanced over 360 days. James Balanced is related to or competes with The Hartford, HUMANA, Barloworld, Morningstar Unconstrained, High-yield Municipal, Thrivent High, and Via Renewables. Under normal circumstances, the fund invests primarily in equity securities of foreign and domestic companies that the A... More
James Balanced 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 James Balanced'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 James Balanced Golden upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4436 | |||
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 2.03 | |||
| Value At Risk | (0.70) | |||
| Potential Upside | 0.6184 |
James Balanced Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for James Balanced's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as James Balanced's standard deviation. In reality, there are many statistical measures that can use James Balanced historical prices to predict the future James Balanced's volatility.| Risk Adjusted Performance | 0.0139 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.22) | |||
| Treynor Ratio | 0.0048 |
James Balanced Golden Backtested Returns
At this stage we consider James Mutual Fund to be very steady. James Balanced Golden holds Efficiency (Sharpe) Ratio of 0.0276, which attests that the entity had a 0.0276% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for James Balanced Golden, which you can use to evaluate the volatility of the entity. Please check out James Balanced's Risk Adjusted Performance of 0.0139, downside deviation of 0.4436, and Market Risk Adjusted Performance of 0.0148 to validate if the risk estimate we provide is consistent with the expected return of 0.0111%. The fund retains a Market Volatility (i.e., Beta) of 0.44, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, James Balanced's returns are expected to increase less than the market. However, during the bear market, the loss of holding James Balanced is expected to be smaller as well.
Auto-correlation | 0.84 |
Very good predictability
James Balanced Golden has very good predictability. Overlapping area represents the amount of predictability between James Balanced time series from 28th of November 2023 to 26th of May 2024 and 26th of May 2024 to 22nd 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 James Balanced Golden price movement. The serial correlation of 0.84 indicates that around 84.0% of current James Balanced price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 0.23 |
James Balanced Golden lagged returns against current returns
Autocorrelation, which is James Balanced 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 James Balanced's mutual fund expected returns. We can calculate the autocorrelation of James Balanced returns to help us make a trade decision. For example, suppose you find that James Balanced 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 |
James Balanced 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 James Balanced mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if James Balanced mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in James Balanced mutual fund over time.
Current vs Lagged Prices |
| Timeline |
James Balanced Lagged Returns
When evaluating James Balanced's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of James Balanced mutual fund have on its future price. James Balanced 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, James Balanced autocorrelation shows the relationship between James Balanced mutual fund current value and its past values and can show if there is a momentum factor associated with investing in James Balanced Golden.
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 James Mutual Fund
James Balanced financial ratios help investors to determine whether James 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 James with respect to the benefits of owning James Balanced security.
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