Edward Jones Money Fund Market Value
| JRSXX Fund | USD 1.00 0.00 0.00% |
| Symbol | Edward |
Please note, there is a significant difference between Edward Jones' value and its price as these two are different measures arrived at by different means. Investors typically determine if Edward Jones is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Edward Jones' 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.
Edward Jones '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 Edward Jones' money market 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 Edward Jones.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Edward Jones on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Edward Jones Money or generate 0.0% return on investment in Edward Jones over 30 days. Edward Jones is related to or competes with John Hancock, Davis Financial, Transamerica Financial, Royce Global, Mesirow Financial, and 1919 Financial. Edward Jones is entity of United States. It is traded as Fund on NMFQS exchange. More
Edward Jones 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 Edward Jones' money market 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 Edward Jones Money upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.93) | |||
| Maximum Drawdown | 1.01 |
Edward Jones Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Edward Jones' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Edward Jones' standard deviation. In reality, there are many statistical measures that can use Edward Jones historical prices to predict the future Edward Jones' volatility.| Risk Adjusted Performance | 0.0427 | |||
| Jensen Alpha | 0.004 | |||
| Total Risk Alpha | (0.01) | |||
| Treynor Ratio | 0.4779 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Edward Jones' 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.
Edward Jones Money Backtested Returns
At this stage we consider Edward Money Market Fund to be not too volatile. Edward Jones Money secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the fund had a 0.13% return per unit of risk over the last 3 months. We have found sixteen technical indicators for Edward Jones Money, which you can use to evaluate the volatility of the entity. Please confirm Edward Jones' Standard Deviation of 0.1243, mean deviation of 0.0301, and Variance of 0.0155 to check if the risk estimate we provide is consistent with the expected return of 0.016%. The fund shows a Beta (market volatility) of 0.0111, which means not very significant fluctuations relative to the market. As returns on the market increase, Edward Jones' returns are expected to increase less than the market. However, during the bear market, the loss of holding Edward Jones is expected to be smaller as well.
Auto-correlation | 0.00 |
No correlation between past and present
Edward Jones Money has no correlation between past and present. Overlapping area represents the amount of predictability between Edward Jones time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Edward Jones Money price movement. The serial correlation of 0.0 indicates that just 0.0% of current Edward Jones price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Edward Jones Money lagged returns against current returns
Autocorrelation, which is Edward Jones money market 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 Edward Jones' money market fund expected returns. We can calculate the autocorrelation of Edward Jones returns to help us make a trade decision. For example, suppose you find that Edward Jones has exhibited high autocorrelation historically, and you observe that the money market 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 |
Edward Jones 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 Edward Jones money market fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Edward Jones money market fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Edward Jones money market fund over time.
Current vs Lagged Prices |
| Timeline |
Edward Jones Lagged Returns
When evaluating Edward Jones' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Edward Jones money market fund have on its future price. Edward Jones 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, Edward Jones autocorrelation shows the relationship between Edward Jones money market fund current value and its past values and can show if there is a momentum factor associated with investing in Edward Jones Money.
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 Edward Money Market Fund
Edward Jones financial ratios help investors to determine whether Edward Money Market 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 Edward with respect to the benefits of owning Edward Jones security.
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