Jpmorgan Healthcare Leaders Etf Market Value
| JDOC Etf | 58.79 1.04 1.80% |
| Symbol | JPMorgan |
The market value of JPMorgan Healthcare is measured differently than its book value, which is the value of JPMorgan that is recorded on the company's balance sheet. Investors also form their own opinion of JPMorgan Healthcare's value that differs from its market value or its book value, called intrinsic value, which is JPMorgan Healthcare'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 JPMorgan Healthcare's market value can be influenced by many factors that don't directly affect JPMorgan Healthcare'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 JPMorgan Healthcare's value and its price as these two are different measures arrived at by different means. Investors typically determine if JPMorgan Healthcare is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, JPMorgan Healthcare'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.
JPMorgan Healthcare '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 Healthcare'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 JPMorgan Healthcare.
| 10/13/2024 |
| 01/06/2026 |
If you would invest 0.00 in JPMorgan Healthcare on October 13, 2024 and sell it all today you would earn a total of 0.00 from holding JPMorgan Healthcare Leaders or generate 0.0% return on investment in JPMorgan Healthcare over 450 days. JPMorgan Healthcare is related to or competes with JP Morgan, Honeytree Equity, Global X, YieldMax Target, BlackRock Large, Alpha Blue, and IShares Trust. More
JPMorgan Healthcare 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 Healthcare'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 JPMorgan Healthcare Leaders upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6522 | |||
| Information Ratio | 0.0646 | |||
| Maximum Drawdown | 3.82 | |||
| Value At Risk | (1.19) | |||
| Potential Upside | 1.79 |
JPMorgan Healthcare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for JPMorgan Healthcare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as JPMorgan Healthcare's standard deviation. In reality, there are many statistical measures that can use JPMorgan Healthcare historical prices to predict the future JPMorgan Healthcare's volatility.| Risk Adjusted Performance | 0.1387 | |||
| Jensen Alpha | 0.0833 | |||
| Total Risk Alpha | 0.0453 | |||
| Sortino Ratio | 0.0762 | |||
| Treynor Ratio | 0.2226 |
JPMorgan Healthcare Backtested Returns
At this point, JPMorgan Healthcare is very steady. JPMorgan Healthcare holds Efficiency (Sharpe) Ratio of 0.19, which attests that the entity had a 0.19 % return per unit of volatility over the last 3 months. We have found twenty-seven technical indicators for JPMorgan Healthcare, which you can use to evaluate the volatility of the entity. Please check out JPMorgan Healthcare's market risk adjusted performance of 0.2326, and Risk Adjusted Performance of 0.1387 to validate if the risk estimate we provide is consistent with the expected return of 0.15%. The etf retains a Market Volatility (i.e., Beta) of 0.61, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, JPMorgan Healthcare's returns are expected to increase less than the market. However, during the bear market, the loss of holding JPMorgan Healthcare is expected to be smaller as well.
Auto-correlation | -0.64 |
Very good reverse predictability
JPMorgan Healthcare Leaders has very good reverse predictability. Overlapping area represents the amount of predictability between JPMorgan Healthcare time series from 13th of October 2024 to 26th of May 2025 and 26th of May 2025 to 6th of January 2026. 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 Healthcare price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current JPMorgan Healthcare price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 10.27 |
JPMorgan Healthcare lagged returns against current returns
Autocorrelation, which is JPMorgan Healthcare 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 JPMorgan Healthcare's etf expected returns. We can calculate the autocorrelation of JPMorgan Healthcare returns to help us make a trade decision. For example, suppose you find that JPMorgan Healthcare 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 |
JPMorgan Healthcare 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 Healthcare etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JPMorgan Healthcare etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in JPMorgan Healthcare etf over time.
Current vs Lagged Prices |
| Timeline |
JPMorgan Healthcare Lagged Returns
When evaluating JPMorgan Healthcare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of JPMorgan Healthcare etf have on its future price. JPMorgan Healthcare 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 Healthcare autocorrelation shows the relationship between JPMorgan Healthcare etf current value and its past values and can show if there is a momentum factor associated with investing in JPMorgan Healthcare Leaders.
Regressed Prices |
| Timeline |
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Check out JPMorgan Healthcare Correlation, JPMorgan Healthcare Volatility and JPMorgan Healthcare Alpha and Beta module to complement your research on JPMorgan Healthcare. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
JPMorgan Healthcare 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.