Jpmorgan Market Expansion Etf Market Value
| JMEE Etf | USD 66.02 0.38 0.57% |
| Symbol | JPMorgan |
The market value of JPMorgan Market Expansion 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 Market's value that differs from its market value or its book value, called intrinsic value, which is JPMorgan Market'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 Market's market value can be influenced by many factors that don't directly affect JPMorgan Market'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 Market's value and its price as these two are different measures arrived at by different means. Investors typically determine if JPMorgan Market is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, JPMorgan Market'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 Market '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 Market'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 Market.
| 02/01/2024 |
| 11/27/2024 |
If you would invest 0.00 in JPMorgan Market on February 1, 2024 and sell it all today you would earn a total of 0.00 from holding JPMorgan Market Expansion or generate 0.0% return on investment in JPMorgan Market over 300 days. JPMorgan Market is related to or competes with JPMorgan Realty, JP Morgan, JPMorgan Quality, JPMorgan Inflation, and JPMorgan Diversified. Under normal circumstances, the fund will hold at least 80 percent of its assets in stocks in the index More
JPMorgan Market 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 Market'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 Market Expansion upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9011 | |||
| Information Ratio | 0.0273 | |||
| Maximum Drawdown | 5.69 | |||
| Value At Risk | (1.37) | |||
| Potential Upside | 1.7 |
JPMorgan Market Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for JPMorgan Market's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as JPMorgan Market's standard deviation. In reality, there are many statistical measures that can use JPMorgan Market historical prices to predict the future JPMorgan Market's volatility.| Risk Adjusted Performance | 0.1175 | |||
| Jensen Alpha | 0.1381 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0322 | |||
| Treynor Ratio | 1.59 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of JPMorgan Market'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.
JPMorgan Market Expansion Backtested Returns
At this point, JPMorgan Market is very steady. JPMorgan Market Expansion holds Efficiency (Sharpe) Ratio of 0.15, which attests that the entity had a 0.15% return per unit of volatility over the last 3 months. We have found thirty technical indicators for JPMorgan Market Expansion, which you can use to evaluate the volatility of the entity. Please check out JPMorgan Market's risk adjusted performance of 0.1175, and Market Risk Adjusted Performance of 1.6 to validate if the risk estimate we provide is consistent with the expected return of 0.16%. The etf retains a Market Volatility (i.e., Beta) of 0.0939, which attests to not very significant fluctuations relative to the market. As returns on the market increase, JPMorgan Market's returns are expected to increase less than the market. However, during the bear market, the loss of holding JPMorgan Market is expected to be smaller as well.
Auto-correlation | 0.37 |
Below average predictability
JPMorgan Market Expansion has below average predictability. Overlapping area represents the amount of predictability between JPMorgan Market time series from 1st of February 2024 to 30th of June 2024 and 30th of June 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 Market Expansion price movement. The serial correlation of 0.37 indicates that just about 37.0% of current JPMorgan Market price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 5.55 |
JPMorgan Market Expansion lagged returns against current returns
Autocorrelation, which is JPMorgan Market 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 Market's etf expected returns. We can calculate the autocorrelation of JPMorgan Market returns to help us make a trade decision. For example, suppose you find that JPMorgan Market 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 Market 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 Market etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JPMorgan Market etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in JPMorgan Market etf over time.
Current vs Lagged Prices |
| Timeline |
JPMorgan Market Lagged Returns
When evaluating JPMorgan Market's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of JPMorgan Market etf have on its future price. JPMorgan Market 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 Market autocorrelation shows the relationship between JPMorgan Market etf current value and its past values and can show if there is a momentum factor associated with investing in JPMorgan Market Expansion.
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 Market Expansion is a strong investment it is important to analyze JPMorgan Market'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 JPMorgan Market's future performance. For an informed investment choice regarding JPMorgan Etf, refer to the following important reports:Check out JPMorgan Market Correlation, JPMorgan Market Volatility and JPMorgan Market Alpha and Beta module to complement your research on JPMorgan Market. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
JPMorgan Market 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.