Jacob Forward Etf Market Value
| JFWD Etf | USD 12.57 0.12 0.96% |
| Symbol | Jacob |
The market value of Jacob Forward ETF is measured differently than its book value, which is the value of Jacob that is recorded on the company's balance sheet. Investors also form their own opinion of Jacob Forward's value that differs from its market value or its book value, called intrinsic value, which is Jacob Forward'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 Jacob Forward's market value can be influenced by many factors that don't directly affect Jacob Forward'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 Jacob Forward's value and its price as these two are different measures arrived at by different means. Investors typically determine if Jacob Forward is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Jacob Forward'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.
Jacob Forward '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 Jacob Forward'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 Jacob Forward.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Jacob Forward on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Jacob Forward ETF or generate 0.0% return on investment in Jacob Forward over 720 days. Jacob Forward is related to or competes with Amplify Thematic, Jacob Micro, and Main Thematic. The manager seeks to achieve the funds investment objective by investing in common stocks and other equity securities of... More
Jacob Forward 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 Jacob Forward'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 Jacob Forward ETF upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.93 | |||
| Information Ratio | 0.0577 | |||
| Maximum Drawdown | 9.23 | |||
| Value At Risk | (3.05) | |||
| Potential Upside | 3.14 |
Jacob Forward Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jacob Forward's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jacob Forward's standard deviation. In reality, there are many statistical measures that can use Jacob Forward historical prices to predict the future Jacob Forward's volatility.| Risk Adjusted Performance | 0.1042 | |||
| Jensen Alpha | 0.033 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0551 | |||
| Treynor Ratio | 0.141 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Jacob Forward'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.
Jacob Forward ETF Backtested Returns
Jacob Forward appears to be not too volatile, given 3 months investment horizon. Jacob Forward ETF holds Efficiency (Sharpe) Ratio of 0.15, which attests that the entity had a 0.15% return per unit of risk over the last 3 months. We have found thirty technical indicators for Jacob Forward ETF, which you can use to evaluate the volatility of the entity. Please utilize Jacob Forward's Downside Deviation of 1.93, risk adjusted performance of 0.1042, and Market Risk Adjusted Performance of 0.151 to validate if our risk estimates are consistent with your expectations. The etf retains a Market Volatility (i.e., Beta) of 1.61, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Jacob Forward will likely underperform.
Auto-correlation | -0.2 |
Insignificant reverse predictability
Jacob Forward ETF has insignificant reverse predictability. Overlapping area represents the amount of predictability between Jacob Forward time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 Jacob Forward ETF price movement. The serial correlation of -0.2 indicates that over 20.0% of current Jacob Forward price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.39 |
Jacob Forward ETF lagged returns against current returns
Autocorrelation, which is Jacob Forward 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 Jacob Forward's etf expected returns. We can calculate the autocorrelation of Jacob Forward returns to help us make a trade decision. For example, suppose you find that Jacob Forward 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 |
Jacob Forward 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 Jacob Forward etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jacob Forward etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jacob Forward etf over time.
Current vs Lagged Prices |
| Timeline |
Jacob Forward Lagged Returns
When evaluating Jacob Forward's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jacob Forward etf have on its future price. Jacob Forward 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, Jacob Forward autocorrelation shows the relationship between Jacob Forward etf current value and its past values and can show if there is a momentum factor associated with investing in Jacob Forward ETF.
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 Jacob Forward ETF is a strong investment it is important to analyze Jacob Forward's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Jacob Forward's future performance. For an informed investment choice regarding Jacob Etf, refer to the following important reports:Check out Jacob Forward Correlation, Jacob Forward Volatility and Jacob Forward Alpha and Beta module to complement your research on Jacob Forward. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Jacob Forward 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.