Jpmorgan Active Small Etf Market Value
| JPSV Etf | 63.65 0.96 1.53% |
| Symbol | Jpmorgan |
The market value of Jpmorgan Active Small 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 Active's value that differs from its market value or its book value, called intrinsic value, which is Jpmorgan Active'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 Active's market value can be influenced by many factors that don't directly affect Jpmorgan Active'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 Active's value and its price as these two are different measures arrived at by different means. Investors typically determine if Jpmorgan Active is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Jpmorgan Active'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 Active '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 Active'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 Active.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Jpmorgan Active on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Jpmorgan Active Small or generate 0.0% return on investment in Jpmorgan Active over 30 days. Jpmorgan Active is related to or competes with JPMorgan Realty, and JP Morgan. Jpmorgan Active is entity of United States More
Jpmorgan Active 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 Active'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 Active Small upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8944 | |||
| Information Ratio | 0.017 | |||
| Maximum Drawdown | 7.42 | |||
| Value At Risk | (1.30) | |||
| Potential Upside | 1.76 |
Jpmorgan Active Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jpmorgan Active's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jpmorgan Active's standard deviation. In reality, there are many statistical measures that can use Jpmorgan Active historical prices to predict the future Jpmorgan Active's volatility.| Risk Adjusted Performance | 0.0985 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0233 | |||
| Treynor Ratio | 0.1038 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Jpmorgan Active'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 Active Small Backtested Returns
At this stage we consider Jpmorgan Etf to be very steady. Jpmorgan Active Small holds Efficiency (Sharpe) Ratio of 0.0927, which attests that the entity had a 0.0927% return per unit of risk over the last 3 months. We have found thirty technical indicators for Jpmorgan Active Small, which you can use to evaluate the volatility of the entity. Please check out Jpmorgan Active's Market Risk Adjusted Performance of 0.1138, downside deviation of 0.8944, and Risk Adjusted Performance of 0.0985 to validate if the risk estimate we provide is consistent with the expected return of 0.11%. The etf retains a Market Volatility (i.e., Beta) of 1.36, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Jpmorgan Active will likely underperform.
Auto-correlation | 0.55 |
Modest predictability
Jpmorgan Active Small has modest predictability. Overlapping area represents the amount of predictability between Jpmorgan Active time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Active Small price movement. The serial correlation of 0.55 indicates that about 55.0% of current Jpmorgan Active price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.53 |
Jpmorgan Active Small lagged returns against current returns
Autocorrelation, which is Jpmorgan Active 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 Active's etf expected returns. We can calculate the autocorrelation of Jpmorgan Active returns to help us make a trade decision. For example, suppose you find that Jpmorgan Active 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 Active 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 Active etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jpmorgan Active etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jpmorgan Active etf over time.
Current vs Lagged Prices |
| Timeline |
Jpmorgan Active Lagged Returns
When evaluating Jpmorgan Active's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jpmorgan Active etf have on its future price. Jpmorgan Active 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 Active autocorrelation shows the relationship between Jpmorgan Active etf current value and its past values and can show if there is a momentum factor associated with investing in Jpmorgan Active Small.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Check out Jpmorgan Active Correlation, Jpmorgan Active Volatility and Jpmorgan Active Alpha and Beta module to complement your research on Jpmorgan Active. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
Jpmorgan Active 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.