Jhancock Short Duration Fund Market Value
| JSNIX Fund | USD 9.34 0.01 0.11% |
| Symbol | Jhancock |
Jhancock Short '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 Jhancock Short'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 Jhancock Short.
| 10/22/2024 |
| 11/21/2024 |
If you would invest 0.00 in Jhancock Short on October 22, 2024 and sell it all today you would earn a total of 0.00 from holding Jhancock Short Duration or generate 0.0% return on investment in Jhancock Short over 30 days. Jhancock Short is related to or competes with Vanguard Short-term, Vanguard Short, Vanguard Short-term, Vanguard Short-term, Vanguard Short-term, Vanguard Short-term, and Vanguard Short-term. Under normal market conditions, the fund invests at least 80 percent of its net assets in a diversified portfolio of bon... More
Jhancock Short 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 Jhancock Short'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 Jhancock Short Duration upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1396 | |||
| Information Ratio | (0.66) | |||
| Maximum Drawdown | 0.6428 | |||
| Value At Risk | (0.11) | |||
| Potential Upside | 0.216 |
Jhancock Short Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jhancock Short's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jhancock Short's standard deviation. In reality, there are many statistical measures that can use Jhancock Short historical prices to predict the future Jhancock Short's volatility.| Risk Adjusted Performance | 0.0289 | |||
| Jensen Alpha | 0.0027 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.59) | |||
| Treynor Ratio | 0.5981 |
Jhancock Short Duration Backtested Returns
At this stage we consider Jhancock Mutual Fund to be very steady. Jhancock Short Duration holds Efficiency (Sharpe) Ratio of 0.0854, which attests that the entity had a 0.0854% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Jhancock Short Duration, which you can use to evaluate the volatility of the entity. Please check out Jhancock Short's Risk Adjusted Performance of 0.0289, coefficient of variation of 945.88, and Market Risk Adjusted Performance of 0.6081 to validate if the risk estimate we provide is consistent with the expected return of 0.0101%. The fund retains a Market Volatility (i.e., Beta) of 0.0052, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Jhancock Short's returns are expected to increase less than the market. However, during the bear market, the loss of holding Jhancock Short is expected to be smaller as well.
Auto-correlation | -0.31 |
Poor reverse predictability
Jhancock Short Duration has poor reverse predictability. Overlapping area represents the amount of predictability between Jhancock Short time series from 22nd of October 2024 to 6th of November 2024 and 6th of November 2024 to 21st 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 Jhancock Short Duration price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Jhancock Short price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Jhancock Short Duration lagged returns against current returns
Autocorrelation, which is Jhancock Short 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 Jhancock Short's mutual fund expected returns. We can calculate the autocorrelation of Jhancock Short returns to help us make a trade decision. For example, suppose you find that Jhancock Short 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 |
Jhancock Short 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 Jhancock Short mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jhancock Short mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jhancock Short mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Jhancock Short Lagged Returns
When evaluating Jhancock Short's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jhancock Short mutual fund have on its future price. Jhancock Short 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, Jhancock Short autocorrelation shows the relationship between Jhancock Short mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Jhancock Short Duration.
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 Jhancock Mutual Fund
Jhancock Short financial ratios help investors to determine whether Jhancock 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 Jhancock with respect to the benefits of owning Jhancock Short security.
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