Janus Detroit Street Etf Market Value
| JAAA Etf | USD 50.96 0.02 0.04% |
| Symbol | Janus |
The market value of Janus Detroit Street is measured differently than its book value, which is the value of Janus that is recorded on the company's balance sheet. Investors also form their own opinion of Janus Detroit's value that differs from its market value or its book value, called intrinsic value, which is Janus Detroit'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 Janus Detroit's market value can be influenced by many factors that don't directly affect Janus Detroit'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 Janus Detroit's value and its price as these two are different measures arrived at by different means. Investors typically determine if Janus Detroit is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Janus Detroit'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.
Janus Detroit '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 Janus Detroit's etf 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 Janus Detroit.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Janus Detroit on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Janus Detroit Street or generate 0.0% return on investment in Janus Detroit over 540 days. Janus Detroit is related to or competes with IShares Interest, IShares Interest, IShares Edge, IShares Inflation, and IShares IBonds. The advisor pursues the investment objective by investing, under normal circumstances, at least 90 percent of the funds ... More
Janus Detroit 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 Janus Detroit's etf 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 Janus Detroit Street upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.044 | |||
| Information Ratio | (2.50) | |||
| Maximum Drawdown | 0.1968 | |||
| Value At Risk | (0.02) | |||
| Potential Upside | 0.0799 |
Janus Detroit Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Janus Detroit's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Janus Detroit's standard deviation. In reality, there are many statistical measures that can use Janus Detroit historical prices to predict the future Janus Detroit's volatility.| Risk Adjusted Performance | 0.3349 | |||
| Jensen Alpha | 0.0164 | |||
| Total Risk Alpha | 0.0108 | |||
| Sortino Ratio | (2.24) | |||
| Treynor Ratio | 5.57 |
Janus Detroit Street Backtested Returns
At this point, Janus Detroit is very steady. Janus Detroit Street holds Efficiency (Sharpe) Ratio of 0.66, which attests that the entity had a 0.66% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Janus Detroit Street, which you can use to evaluate the volatility of the entity. Please check out Janus Detroit's Risk Adjusted Performance of 0.3349, coefficient of variation of 147.55, and Market Risk Adjusted Performance of 5.58 to validate if the risk estimate we provide is consistent with the expected return of 0.0258%. The etf retains a Market Volatility (i.e., Beta) of 0.003, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Janus Detroit's returns are expected to increase less than the market. However, during the bear market, the loss of holding Janus Detroit is expected to be smaller as well.
Auto-correlation | 0.99 |
Perfect predictability
Janus Detroit Street has perfect predictability. Overlapping area represents the amount of predictability between Janus Detroit time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Janus Detroit Street price movement. The serial correlation of 0.99 indicates that 99.0% of current Janus Detroit price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.99 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.52 |
Janus Detroit Street lagged returns against current returns
Autocorrelation, which is Janus Detroit etf'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 Janus Detroit's etf expected returns. We can calculate the autocorrelation of Janus Detroit returns to help us make a trade decision. For example, suppose you find that Janus Detroit has exhibited high autocorrelation historically, and you observe that the etf 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 |
Janus Detroit 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 Janus Detroit etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Janus Detroit etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Janus Detroit etf over time.
Current vs Lagged Prices |
| Timeline |
Janus Detroit Lagged Returns
When evaluating Janus Detroit's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Janus Detroit etf have on its future price. Janus Detroit 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, Janus Detroit autocorrelation shows the relationship between Janus Detroit etf current value and its past values and can show if there is a momentum factor associated with investing in Janus Detroit Street.
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.When determining whether Janus Detroit Street offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Janus Detroit's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Janus Detroit Street Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Janus Detroit Street Etf:Check out Janus Detroit Correlation, Janus Detroit Volatility and Janus Detroit Alpha and Beta module to complement your research on Janus Detroit. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Janus Detroit 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.