JPM USD's market value is the price at which a share of JPM USD trades on a public exchange. It measures the collective expectations of JPM USD Ultra Short investors about its performance. JPM USD is trading at 110.68 as of the 28th of November 2024, a 0.83 percent decrease since the beginning of the trading day. The etf's lowest day price was 110.68. With this module, you can estimate the performance of a buy and hold strategy of JPM USD Ultra Short and determine expected loss or profit from investing in JPM USD over a given investment horizon. Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
JPM
JPM USD '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 JPM USD'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 JPM USD.
0.00
12/09/2022
No Change 0.00
0.0
In 1 year 11 months and 21 days
11/28/2024
0.00
If you would invest 0.00 in JPM USD on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding JPM USD Ultra Short or generate 0.0% return on investment in JPM USD over 720 days.
JPM USD 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 JPM USD'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 JPM USD Ultra Short upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for JPM USD's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as JPM USD's standard deviation. In reality, there are many statistical measures that can use JPM USD historical prices to predict the future JPM USD's volatility.
At this point, JPM USD is very steady. JPM USD Ultra holds Efficiency (Sharpe) Ratio of 0.22, which attests that the entity had a 0.22% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for JPM USD Ultra, which you can use to evaluate the volatility of the entity. Please check out JPM USD's risk adjusted performance of 0.2135, and Market Risk Adjusted Performance of (4.82) to validate if the risk estimate we provide is consistent with the expected return of 0.0879%. The etf retains a Market Volatility (i.e., Beta) of -0.0211, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning JPM USD are expected to decrease at a much lower rate. During the bear market, JPM USD is likely to outperform the market.
Auto-correlation
0.28
Poor predictability
JPM USD Ultra Short has poor predictability. Overlapping area represents the amount of predictability between JPM USD time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 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 JPM USD Ultra price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current JPM USD price fluctuation can be explain by its past prices.
Correlation Coefficient
0.28
Spearman Rank Test
0.39
Residual Average
0.0
Price Variance
4.61
JPM USD Ultra lagged returns against current returns
Autocorrelation, which is JPM USD 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 JPM USD's etf expected returns. We can calculate the autocorrelation of JPM USD returns to help us make a trade decision. For example, suppose you find that JPM USD 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
JPM USD 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 JPM USD etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JPM USD etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in JPM USD etf over time.
Current vs Lagged Prices
Timeline
JPM USD Lagged Returns
When evaluating JPM USD's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of JPM USD etf have on its future price. JPM USD 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, JPM USD autocorrelation shows the relationship between JPM USD etf current value and its past values and can show if there is a momentum factor associated with investing in JPM USD Ultra Short.
Regressed Prices
Timeline
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