Jpmorgan Global Select Etf Market Value
| JGLO Etf | 63.54 0.40 0.63% |
| Symbol | JPMorgan |
The market value of JPMorgan Global Select 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 Global's value that differs from its market value or its book value, called intrinsic value, which is JPMorgan Global'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 Global's market value can be influenced by many factors that don't directly affect JPMorgan Global'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 Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if JPMorgan Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, JPMorgan Global'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 Global '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 Global'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 Global.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in JPMorgan Global on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding JPMorgan Global Select or generate 0.0% return on investment in JPMorgan Global over 30 days. JPMorgan Global is related to or competes with FT Vest, Northern Lights, Dimensional International, Matthews China, Davis Select, First Trust, and EA Series. JPMorgan Global is entity of United States More
JPMorgan Global 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 Global'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 Global Select upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7928 | |||
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 3.65 | |||
| Value At Risk | (1.17) | |||
| Potential Upside | 1.24 |
JPMorgan Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for JPMorgan Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as JPMorgan Global's standard deviation. In reality, there are many statistical measures that can use JPMorgan Global historical prices to predict the future JPMorgan Global's volatility.| Risk Adjusted Performance | 0.0551 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | 0.0633 |
JPMorgan Global Select Backtested Returns
As of now, JPMorgan Etf is very steady. JPMorgan Global Select holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of volatility over the last 3 months. We have found thirty technical indicators for JPMorgan Global Select, which you can use to evaluate the volatility of the entity. Please check out JPMorgan Global's risk adjusted performance of 0.0551, and Market Risk Adjusted Performance of 0.0733 to validate if the risk estimate we provide is consistent with the expected return of 0.0752%. The etf retains a Market Volatility (i.e., Beta) of 0.68, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, JPMorgan Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding JPMorgan Global is expected to be smaller as well.
Auto-correlation | 0.54 |
Modest predictability
JPMorgan Global Select has modest predictability. Overlapping area represents the amount of predictability between JPMorgan Global time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Global Select price movement. The serial correlation of 0.54 indicates that about 54.0% of current JPMorgan Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.24 |
JPMorgan Global Select lagged returns against current returns
Autocorrelation, which is JPMorgan Global 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 Global's etf expected returns. We can calculate the autocorrelation of JPMorgan Global returns to help us make a trade decision. For example, suppose you find that JPMorgan Global 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 Global 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 Global etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JPMorgan Global etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in JPMorgan Global etf over time.
Current vs Lagged Prices |
| Timeline |
JPMorgan Global Lagged Returns
When evaluating JPMorgan Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of JPMorgan Global etf have on its future price. JPMorgan Global 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 Global autocorrelation shows the relationship between JPMorgan Global etf current value and its past values and can show if there is a momentum factor associated with investing in JPMorgan Global Select.
Regressed Prices |
| Timeline |
Pair Trading with JPMorgan Global
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 JPMorgan Global 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 JPMorgan Global will appreciate offsetting losses from the drop in the long position's value.Moving together with JPMorgan Etf
| 0.89 | VT | Vanguard Total World | PairCorr |
| 0.97 | ACWI | iShares MSCI ACWI | PairCorr |
| 0.64 | ACWV | iShares MSCI Global | PairCorr |
| 0.87 | IOO | iShares Global 100 | PairCorr |
| 0.95 | URTH | iShares MSCI World | PairCorr |
The ability to find closely correlated positions to JPMorgan Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace JPMorgan Global 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 JPMorgan Global - 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 JPMorgan Global Select to buy it.
The correlation of JPMorgan Global 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 JPMorgan Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if JPMorgan Global Select 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 JPMorgan Global 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.Check out JPMorgan Global Correlation, JPMorgan Global Volatility and JPMorgan Global Alpha and Beta module to complement your research on JPMorgan Global. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
JPMorgan Global 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.