Jpmorgan Healthcare Leaders Etf Market Value
| JDOC Etf | 56.92 0.55 0.98% |
| 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.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in JPMorgan Healthcare on October 28, 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 30 days. JPMorgan Healthcare is related to or competes with First Trust, Ultimus Managers, Horizon Kinetics, Harbor Health, American Beacon, First Trust, and Direxion Daily. JPMorgan Healthcare is entity of United States 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.
| Information Ratio | (0.38) | |||
| Maximum Drawdown | 3.55 | |||
| Value At Risk | (1.55) | |||
| Potential Upside | 0.9213 |
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 | (0.15) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | (0.31) |
JPMorgan Healthcare Backtested Returns
JPMorgan Healthcare holds Efficiency (Sharpe) Ratio of -0.21, which attests that the entity had a -0.21% return per unit of volatility over the last 3 months. JPMorgan Healthcare exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out JPMorgan Healthcare's market risk adjusted performance of (0.30), and Risk Adjusted Performance of (0.15) to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of 0.52, 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 | 0.58 |
Modest predictability
JPMorgan Healthcare Leaders has modest predictability. Overlapping area represents the amount of predictability between JPMorgan Healthcare time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 JPMorgan Healthcare price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current JPMorgan Healthcare price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.91 |
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 |
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 JPMorgan Healthcare offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of JPMorgan Healthcare'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 Jpmorgan Healthcare Leaders Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Jpmorgan Healthcare Leaders Etf: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 Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
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.