JPMorgan Global (Australia) Market Value
| JRHG Etf | 64.14 0.19 0.30% |
| Symbol | JPMorgan |
Please note, there is a significant difference between JPMorgan Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if JPMorgan Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, JPMorgan Global'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 Global '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 Global'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 Global.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in JPMorgan Global on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding JPMorgan Global Research or generate 0.0% return on investment in JPMorgan Global over 30 days. More
JPMorgan Global 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 Global'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 Global Research upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8481 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 3.04 | |||
| Value At Risk | (1.02) | |||
| Potential Upside | 1.09 |
JPMorgan Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for JPMorgan Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as JPMorgan Global's standard deviation. In reality, there are many statistical measures that can use JPMorgan Global historical prices to predict the future JPMorgan Global's volatility.| Risk Adjusted Performance | 0.0749 | |||
| Jensen Alpha | 0.034 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.2764 |
JPMorgan Global Research Backtested Returns
Currently, JPMorgan Global Research is very steady. JPMorgan Global Research holds Efficiency (Sharpe) Ratio of 0.0992, which attests that the entity had a 0.0992% return per unit of volatility over the last 3 months. We have found twenty-seven technical indicators for JPMorgan Global Research, which you can use to evaluate the volatility of the entity. Please check out JPMorgan Global's market risk adjusted performance of 0.2864, and Risk Adjusted Performance of 0.0749 to validate if the risk estimate we provide is consistent with the expected return of 0.0683%. The etf retains a Market Volatility (i.e., Beta) of 0.21, which attests to not very significant fluctuations relative to the market. As returns on the market increase, JPMorgan Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding JPMorgan Global is expected to be smaller as well.
Auto-correlation | 0.61 |
Good predictability
JPMorgan Global Research has good predictability. Overlapping area represents the amount of predictability between JPMorgan Global 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 Global Research price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current JPMorgan Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
JPMorgan Global Research lagged returns against current returns
Autocorrelation, which is JPMorgan Global 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 Global's etf expected returns. We can calculate the autocorrelation of JPMorgan Global returns to help us make a trade decision. For example, suppose you find that JPMorgan Global 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 Global 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 Global etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JPMorgan Global etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in JPMorgan Global etf over time.
Current vs Lagged Prices |
| Timeline |
JPMorgan Global Lagged Returns
When evaluating JPMorgan Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of JPMorgan Global etf have on its future price. JPMorgan Global 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 Global autocorrelation shows the relationship between JPMorgan Global etf current value and its past values and can show if there is a momentum factor associated with investing in JPMorgan Global Research.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in JPMorgan Etf
JPMorgan Global financial ratios help investors to determine whether JPMorgan Etf 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 JPMorgan with respect to the benefits of owning JPMorgan Global security.