Source JPX's market value is the price at which a share of Source JPX trades on a public exchange. It measures the collective expectations of Source JPX Nikkei 400 investors about its performance. Source JPX is trading at 29.42 as of the 30th of November 2024, a 0.27 percent increase since the beginning of the trading day. The etf's lowest day price was 29.2. With this module, you can estimate the performance of a buy and hold strategy of Source JPX Nikkei 400 and determine expected loss or profit from investing in Source JPX over a given investment horizon. Check out Correlation 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.
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Source JPX '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 Source JPX'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 Source JPX.
0.00
06/03/2024
No Change 0.00
0.0
In 5 months and 30 days
11/30/2024
0.00
If you would invest 0.00 in Source JPX on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Source JPX Nikkei 400 or generate 0.0% return on investment in Source JPX over 180 days.
Source JPX 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 Source JPX'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 Source JPX Nikkei 400 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 Source JPX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Source JPX's standard deviation. In reality, there are many statistical measures that can use Source JPX historical prices to predict the future Source JPX's volatility.
At this point, Source JPX is very steady. Source JPX Nikkei owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0032, which indicates the etf had a 0.0032% return per unit of risk over the last 3 months. We have found thirty technical indicators for Source JPX Nikkei 400, which you can use to evaluate the volatility of the etf. Please validate Source JPX's Risk Adjusted Performance of 0.0107, semi deviation of 1.38, and Coefficient Of Variation of 11089.87 to confirm if the risk estimate we provide is consistent with the expected return of 0.0039%. The entity has a beta of -0.1, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Source JPX are expected to decrease at a much lower rate. During the bear market, Source JPX is likely to outperform the market.
Auto-correlation
-0.06
Very weak reverse predictability
Source JPX Nikkei 400 has very weak reverse predictability. Overlapping area represents the amount of predictability between Source JPX time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Source JPX Nikkei price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Source JPX price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.06
Spearman Rank Test
-0.36
Residual Average
0.0
Price Variance
0.47
Source JPX Nikkei lagged returns against current returns
Autocorrelation, which is Source JPX 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 Source JPX's etf expected returns. We can calculate the autocorrelation of Source JPX returns to help us make a trade decision. For example, suppose you find that Source JPX 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
Source JPX 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 Source JPX etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Source JPX etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Source JPX etf over time.
Current vs Lagged Prices
Timeline
Source JPX Lagged Returns
When evaluating Source JPX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Source JPX etf have on its future price. Source JPX 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, Source JPX autocorrelation shows the relationship between Source JPX etf current value and its past values and can show if there is a momentum factor associated with investing in Source JPX Nikkei 400.
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.