Blue Chip Growth Fund Market Value
| JBGCX Fund | USD 56.21 0.48 0.86% |
| Symbol | Blue |
Blue Chip '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 Blue Chip'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 Blue Chip.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Blue Chip on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Blue Chip Growth or generate 0.0% return on investment in Blue Chip over 720 days. Blue Chip is related to or competes with T Rowe, Rational/pier, Blrc Sgy, Ab Bond, and Limited Term. The fund normally invests at least 80 percent of its net assets in the common stocks of large- and medium-sized blue chi... More
Blue Chip 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 Blue Chip'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 Blue Chip Growth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.28 | |||
| Information Ratio | 0.0058 | |||
| Maximum Drawdown | 4.89 | |||
| Value At Risk | (2.19) | |||
| Potential Upside | 1.66 |
Blue Chip Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Blue Chip's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Blue Chip's standard deviation. In reality, there are many statistical measures that can use Blue Chip historical prices to predict the future Blue Chip's volatility.| Risk Adjusted Performance | 0.1081 | |||
| Jensen Alpha | 0.0234 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0047 | |||
| Treynor Ratio | 0.1546 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Blue Chip's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Blue Chip Growth Backtested Returns
At this stage we consider Blue Mutual Fund to be very steady. Blue Chip Growth secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that the fund had a 0.19% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Blue Chip Growth, which you can use to evaluate the volatility of the entity. Please confirm Blue Chip's Downside Deviation of 1.28, risk adjusted performance of 0.1081, and Mean Deviation of 0.7222 to double-check if the risk estimate we provide is consistent with the expected return of 0.18%. The fund shows a Beta (market volatility) of 0.86, which signifies possible diversification benefits within a given portfolio. Blue Chip returns are very sensitive to returns on the market. As the market goes up or down, Blue Chip is expected to follow.
Auto-correlation | 0.91 |
Excellent predictability
Blue Chip Growth has excellent predictability. Overlapping area represents the amount of predictability between Blue Chip time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd of December 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 Blue Chip Growth price movement. The serial correlation of 0.91 indicates that approximately 91.0% of current Blue Chip price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.91 | |
| Spearman Rank Test | 0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 16.92 |
Blue Chip Growth lagged returns against current returns
Autocorrelation, which is Blue Chip 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 Blue Chip's mutual fund expected returns. We can calculate the autocorrelation of Blue Chip returns to help us make a trade decision. For example, suppose you find that Blue Chip 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 |
Blue Chip 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 Blue Chip mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Blue Chip mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Blue Chip mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Blue Chip Lagged Returns
When evaluating Blue Chip's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Blue Chip mutual fund have on its future price. Blue Chip 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, Blue Chip autocorrelation shows the relationship between Blue Chip mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Blue Chip Growth.
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 Blue Mutual Fund
Blue Chip financial ratios help investors to determine whether Blue 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 Blue with respect to the benefits of owning Blue Chip security.
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