Jensen Quality Value Fund Market Value
| JNVSX Fund | USD 19.64 0.28 1.45% |
| Symbol | Jensen |
Jensen Quality '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 Jensen Quality's mutual 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 Jensen Quality.
| 10/31/2023 |
| 11/24/2024 |
If you would invest 0.00 in Jensen Quality on October 31, 2023 and sell it all today you would earn a total of 0.00 from holding Jensen Quality Value or generate 0.0% return on investment in Jensen Quality over 390 days. Jensen Quality is related to or competes with Applied Finance, Smead Value, Heartland Mid, Madison Dividend, and Champlain Mid. Under normal circumstances, the fund invests at least 80 percent of its net assets in equity securities of companies mee... More
Jensen Quality 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 Jensen Quality's mutual 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 Jensen Quality Value upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 6.75 | |||
| Value At Risk | (1.28) | |||
| Potential Upside | 1.09 |
Jensen Quality Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jensen Quality's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jensen Quality's standard deviation. In reality, there are many statistical measures that can use Jensen Quality historical prices to predict the future Jensen Quality's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | (0.04) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Jensen Quality'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.
Jensen Quality Value Backtested Returns
Jensen Quality Value holds Efficiency (Sharpe) Ratio of -0.0302, which attests that the entity had a -0.0302% return per unit of risk over the last 3 months. Jensen Quality Value exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Jensen Quality's Risk Adjusted Performance of (0.01), standard deviation of 0.9932, and Market Risk Adjusted Performance of (0.03) to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of 0.69, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Jensen Quality's returns are expected to increase less than the market. However, during the bear market, the loss of holding Jensen Quality is expected to be smaller as well.
Auto-correlation | 0.65 |
Good predictability
Jensen Quality Value has good predictability. Overlapping area represents the amount of predictability between Jensen Quality time series from 31st of October 2023 to 13th of May 2024 and 13th of May 2024 to 24th 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 Jensen Quality Value price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current Jensen Quality price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.45 |
Jensen Quality Value lagged returns against current returns
Autocorrelation, which is Jensen Quality mutual 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 Jensen Quality's mutual fund expected returns. We can calculate the autocorrelation of Jensen Quality returns to help us make a trade decision. For example, suppose you find that Jensen Quality has exhibited high autocorrelation historically, and you observe that the mutual 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 |
Jensen Quality 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 Jensen Quality mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jensen Quality mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jensen Quality mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Jensen Quality Lagged Returns
When evaluating Jensen Quality's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jensen Quality mutual fund have on its future price. Jensen Quality 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, Jensen Quality autocorrelation shows the relationship between Jensen Quality mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Jensen Quality Value.
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.Other Information on Investing in Jensen Mutual Fund
Jensen Quality financial ratios help investors to determine whether Jensen Mutual 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 Jensen with respect to the benefits of owning Jensen Quality security.
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