Jpmorgan Municipal Etf Market Value
| JMUB Etf | USD 50.89 0.12 0.24% |
| Symbol | JPMorgan |
The market value of JPMorgan Municipal 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 Municipal's value that differs from its market value or its book value, called intrinsic value, which is JPMorgan Municipal'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 Municipal's market value can be influenced by many factors that don't directly affect JPMorgan Municipal'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 Municipal's value and its price as these two are different measures arrived at by different means. Investors typically determine if JPMorgan Municipal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, JPMorgan Municipal'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 Municipal '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 Municipal'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 Municipal.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in JPMorgan Municipal on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding JPMorgan Municipal or generate 0.0% return on investment in JPMorgan Municipal over 30 days. JPMorgan Municipal is related to or competes with JPMorgan Ultra, JPMorgan USD, IShares Short, IQ MacKay, and IShares Edge. Under normal circumstances, the fund invests at least 80 percent of its assets in municipal securities, the income from ... More
JPMorgan Municipal 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 Municipal'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 Municipal upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2706 | |||
| Information Ratio | (0.58) | |||
| Maximum Drawdown | 1.31 | |||
| Value At Risk | (0.28) | |||
| Potential Upside | 0.2966 |
JPMorgan Municipal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for JPMorgan Municipal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as JPMorgan Municipal's standard deviation. In reality, there are many statistical measures that can use JPMorgan Municipal historical prices to predict the future JPMorgan Municipal's volatility.| Risk Adjusted Performance | (0.0004) | |||
| Jensen Alpha | 0.0093 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.46) | |||
| Treynor Ratio | 0.0285 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of JPMorgan Municipal'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 Municipal Backtested Returns
At this point, JPMorgan Municipal is very steady. JPMorgan Municipal holds Efficiency (Sharpe) Ratio of 0.067, which attests that the entity had a 0.067% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for JPMorgan Municipal, which you can use to evaluate the volatility of the entity. Please check out JPMorgan Municipal's risk adjusted performance of (0.0004), and Market Risk Adjusted Performance of 0.0385 to validate if the risk estimate we provide is consistent with the expected return of 0.0147%. The etf retains a Market Volatility (i.e., Beta) of -0.1, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning JPMorgan Municipal are expected to decrease at a much lower rate. During the bear market, JPMorgan Municipal is likely to outperform the market.
Auto-correlation | 0.43 |
Average predictability
JPMorgan Municipal has average predictability. Overlapping area represents the amount of predictability between JPMorgan Municipal time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 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 JPMorgan Municipal price movement. The serial correlation of 0.43 indicates that just about 43.0% of current JPMorgan Municipal price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
JPMorgan Municipal lagged returns against current returns
Autocorrelation, which is JPMorgan Municipal 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 Municipal's etf expected returns. We can calculate the autocorrelation of JPMorgan Municipal returns to help us make a trade decision. For example, suppose you find that JPMorgan Municipal 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 Municipal 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 Municipal etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JPMorgan Municipal etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in JPMorgan Municipal etf over time.
Current vs Lagged Prices |
| Timeline |
JPMorgan Municipal Lagged Returns
When evaluating JPMorgan Municipal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of JPMorgan Municipal etf have on its future price. JPMorgan Municipal 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 Municipal autocorrelation shows the relationship between JPMorgan Municipal etf current value and its past values and can show if there is a momentum factor associated with investing in JPMorgan Municipal.
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 Municipal offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of JPMorgan Municipal'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 Municipal Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Jpmorgan Municipal Etf:Check out JPMorgan Municipal Correlation, JPMorgan Municipal Volatility and JPMorgan Municipal Alpha and Beta module to complement your research on JPMorgan Municipal. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
JPMorgan Municipal 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.