Johnson Opportunity S Fund Market Value
| JOSSX Fund | 59.12 0.10 0.17% |
| Symbol | Johnson |
Johnson Opportunity '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 Johnson Opportunity'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 Johnson Opportunity.
| 12/08/2023 |
| 12/02/2024 |
If you would invest 0.00 in Johnson Opportunity on December 8, 2023 and sell it all today you would earn a total of 0.00 from holding Johnson Opportunity S or generate 0.0% return on investment in Johnson Opportunity over 360 days. Johnson Opportunity is related to or competes with Vanguard Mid-cap, Vanguard Mid-cap, Vanguard Mid-cap, Vanguard Mid, Vanguard Extended, Vanguard Extended, and Vanguard Extended. The fund invests primarily in equity securities of small and medium sized U.S More
Johnson Opportunity 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 Johnson Opportunity'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 Johnson Opportunity S upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8602 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 5.39 | |||
| Value At Risk | (1.28) | |||
| Potential Upside | 1.58 |
Johnson Opportunity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Johnson Opportunity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Johnson Opportunity's standard deviation. In reality, there are many statistical measures that can use Johnson Opportunity historical prices to predict the future Johnson Opportunity's volatility.| Risk Adjusted Performance | 0.0898 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0894 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Johnson Opportunity'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.
Johnson Opportunity Backtested Returns
At this stage we consider Johnson Mutual Fund to be very steady. Johnson Opportunity holds Efficiency (Sharpe) Ratio of 0.14, which attests that the entity had a 0.14% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Johnson Opportunity, which you can use to evaluate the volatility of the entity. Please check out Johnson Opportunity's Market Risk Adjusted Performance of 0.0994, downside deviation of 0.8602, and Risk Adjusted Performance of 0.0898 to validate if the risk estimate we provide is consistent with the expected return of 0.13%. The fund retains a Market Volatility (i.e., Beta) of 1.12, which attests to a somewhat significant risk relative to the market. Johnson Opportunity returns are very sensitive to returns on the market. As the market goes up or down, Johnson Opportunity is expected to follow.
Auto-correlation | 0.69 |
Good predictability
Johnson Opportunity S has good predictability. Overlapping area represents the amount of predictability between Johnson Opportunity time series from 8th of December 2023 to 5th of June 2024 and 5th of June 2024 to 2nd of December 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 Johnson Opportunity price movement. The serial correlation of 0.69 indicates that around 69.0% of current Johnson Opportunity price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 5.17 |
Johnson Opportunity lagged returns against current returns
Autocorrelation, which is Johnson Opportunity 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 Johnson Opportunity's mutual fund expected returns. We can calculate the autocorrelation of Johnson Opportunity returns to help us make a trade decision. For example, suppose you find that Johnson Opportunity 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 |
Johnson Opportunity 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 Johnson Opportunity mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Johnson Opportunity mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Johnson Opportunity mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Johnson Opportunity Lagged Returns
When evaluating Johnson Opportunity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Johnson Opportunity mutual fund have on its future price. Johnson Opportunity 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, Johnson Opportunity autocorrelation shows the relationship between Johnson Opportunity mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Johnson Opportunity S.
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 Johnson Mutual Fund
Johnson Opportunity financial ratios help investors to determine whether Johnson 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 Johnson with respect to the benefits of owning Johnson Opportunity security.
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