Jft Strategies Fund Market Value
| JFS-UN Fund | CAD 24.42 0.01 0.04% |
| Symbol | JFT |
Please note, there is a significant difference between JFT Strategies' value and its price as these two are different measures arrived at by different means. Investors typically determine if JFT Strategies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, JFT Strategies' 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.
JFT Strategies '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 JFT Strategies' 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 JFT Strategies.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in JFT Strategies on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding JFT Strategies or generate 0.0% return on investment in JFT Strategies over 720 days. JFT Strategies is related to or competes with Canso Credit, Australian REIT, and MINT Income. JFT Strategies Fund is a Close ended balanced mutual fund launched by First Asset Investment Management Inc More
JFT Strategies 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 JFT Strategies' 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 JFT Strategies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 3.47 | |||
| Value At Risk | (1.11) | |||
| Potential Upside | 1.58 |
JFT Strategies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for JFT Strategies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as JFT Strategies' standard deviation. In reality, there are many statistical measures that can use JFT Strategies historical prices to predict the future JFT Strategies' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | (0.39) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of JFT Strategies' 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.
JFT Strategies Backtested Returns
JFT Strategies holds Efficiency (Sharpe) Ratio of -0.0555, which attests that the entity had a -0.0555% return per unit of volatility over the last 3 months. JFT Strategies exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out JFT Strategies' risk adjusted performance of (0.04), and Market Risk Adjusted Performance of (0.38) to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of 0.13, which attests to not very significant fluctuations relative to the market. As returns on the market increase, JFT Strategies' returns are expected to increase less than the market. However, during the bear market, the loss of holding JFT Strategies is expected to be smaller as well.
Auto-correlation | 0.19 |
Very weak predictability
JFT Strategies has very weak predictability. Overlapping area represents the amount of predictability between JFT Strategies time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 JFT Strategies price movement. The serial correlation of 0.19 indicates that over 19.0% of current JFT Strategies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.4 |
JFT Strategies lagged returns against current returns
Autocorrelation, which is JFT Strategies 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 JFT Strategies' fund expected returns. We can calculate the autocorrelation of JFT Strategies returns to help us make a trade decision. For example, suppose you find that JFT Strategies has exhibited high autocorrelation historically, and you observe that the 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 |
JFT Strategies 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 JFT Strategies fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JFT Strategies fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in JFT Strategies fund over time.
Current vs Lagged Prices |
| Timeline |
JFT Strategies Lagged Returns
When evaluating JFT Strategies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of JFT Strategies fund have on its future price. JFT Strategies 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, JFT Strategies autocorrelation shows the relationship between JFT Strategies fund current value and its past values and can show if there is a momentum factor associated with investing in JFT Strategies.
Regressed Prices |
| Timeline |
Pair Trading with JFT Strategies
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if JFT Strategies position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in JFT Strategies will appreciate offsetting losses from the drop in the long position's value.Moving against JFT Fund
| 0.37 | 0P00012UCU | RBC Global Equity | PairCorr |
| 0.37 | 0P0000OXA6 | PHN Multi Style | PairCorr |
| 0.32 | 0P0001FAU8 | TD Comfort Balanced | PairCorr |
The ability to find closely correlated positions to JFT Strategies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace JFT Strategies when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back JFT Strategies - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling JFT Strategies to buy it.
The correlation of JFT Strategies is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as JFT Strategies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if JFT Strategies moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for JFT Strategies can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in JFT Fund
JFT Strategies financial ratios help investors to determine whether JFT 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 JFT with respect to the benefits of owning JFT Strategies security.
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