Johnson Core Plus Fund Market Value
| JCPLX Fund | USD 12.88 0.06 0.47% |
| Symbol | Johnson |
Johnson Core '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 Johnson Core'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 Johnson Core.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Johnson Core on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Johnson Core Plus or generate 0.0% return on investment in Johnson Core over 180 days. Johnson Core is related to or competes with Artisan High, California Bond, Bbh Intermediate, Ab Bond, Gmo High, and Touchstone Premium. Under normal market conditions, the fund invests at least 80 percent of its net assets, plus any amounts for borrowing, ... More
Johnson Core 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 Johnson Core'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 Johnson Core Plus upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.46) | |||
| Maximum Drawdown | 1.41 | |||
| Value At Risk | (0.55) | |||
| Potential Upside | 0.4721 |
Johnson Core Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Johnson Core's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Johnson Core's standard deviation. In reality, there are many statistical measures that can use Johnson Core historical prices to predict the future Johnson Core's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | 0.4092 |
Johnson Core Plus Backtested Returns
Johnson Core Plus holds Efficiency (Sharpe) Ratio of -0.0456, which attests that the entity had a -0.0456% return per unit of risk over the last 3 months. Johnson Core Plus exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Johnson Core's Risk Adjusted Performance of (0.06), standard deviation of 0.3398, and Market Risk Adjusted Performance of 0.4192 to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of -0.0716, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Johnson Core are expected to decrease at a much lower rate. During the bear market, Johnson Core is likely to outperform the market.
Auto-correlation | -0.88 |
Excellent reverse predictability
Johnson Core Plus has excellent reverse predictability. Overlapping area represents the amount of predictability between Johnson Core time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 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 Johnson Core Plus price movement. The serial correlation of -0.88 indicates that approximately 88.0% of current Johnson Core price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.88 | |
| Spearman Rank Test | -0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Johnson Core Plus lagged returns against current returns
Autocorrelation, which is Johnson Core 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 Johnson Core's mutual fund expected returns. We can calculate the autocorrelation of Johnson Core returns to help us make a trade decision. For example, suppose you find that Johnson Core 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 |
Johnson Core 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 Johnson Core mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Johnson Core mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Johnson Core mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Johnson Core Lagged Returns
When evaluating Johnson Core's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Johnson Core mutual fund have on its future price. Johnson Core 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, Johnson Core autocorrelation shows the relationship between Johnson Core mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Johnson Core Plus.
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 Johnson Mutual Fund
Johnson Core financial ratios help investors to determine whether Johnson 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 Johnson with respect to the benefits of owning Johnson Core security.
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