Jhancock Diversified Macro Fund Technical Analysis
| JDJAX Fund | USD 8.91 0.05 0.56% |
As of the 30th of November, Jhancock Diversified retains the Risk Adjusted Performance of (0.02), standard deviation of 0.5632, and Market Risk Adjusted Performance of (0.05). Jhancock Diversified technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the entity's future prices.
Jhancock Diversified Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Jhancock, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to JhancockJhancock |
Jhancock Diversified technical mutual fund 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, fund market cycles, or different charting patterns.
Jhancock Diversified Technical Analysis
The output start index for this execution was ten with a total number of output elements of fifty-one. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Jhancock Diversified volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Jhancock Diversified Trend Analysis
Use this graph to draw trend lines for Jhancock Diversified Macro. You can use it to identify possible trend reversals for Jhancock Diversified as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Jhancock Diversified price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Jhancock Diversified Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Jhancock Diversified Macro applied against its price change over selected period. The best fit line has a slop of 0.0026 , which may suggest that Jhancock Diversified Macro market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.26, which is the sum of squared deviations for the predicted Jhancock Diversified price change compared to its average price change.About Jhancock Diversified Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Jhancock Diversified Macro on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Jhancock Diversified Macro based on its technical analysis. In general, a bottom-up approach, as applied to this mutual fund, focuses on Jhancock Diversified price pattern first instead of the macroeconomic environment surrounding Jhancock Diversified. By analyzing Jhancock Diversified's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Jhancock Diversified's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Jhancock Diversified specific price patterns or momentum indicators. Please read more on our technical analysis page.
Jhancock Diversified November 30, 2024 Technical Indicators
Most technical analysis of Jhancock help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Jhancock from various momentum indicators to cycle indicators. When you analyze Jhancock charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.02) | |||
| Market Risk Adjusted Performance | (0.05) | |||
| Mean Deviation | 0.4446 | |||
| Coefficient Of Variation | (4,121) | |||
| Standard Deviation | 0.5632 | |||
| Variance | 0.3172 | |||
| Information Ratio | (0.27) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | (0.06) | |||
| Maximum Drawdown | 2.44 | |||
| Value At Risk | (0.90) | |||
| Potential Upside | 1.01 | |||
| Skewness | 0.1322 | |||
| Kurtosis | (0.40) |
Jhancock Diversified One Year Return
Based on the recorded statements, Jhancock Diversified Macro has an One Year Return of -2.7353%. This is 117.05% lower than that of the John Hancock family and significantly lower than that of the Macro Trading category. The one year return for all United States funds is notably higher than that of the company.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.Other Information on Investing in Jhancock Mutual Fund
Jhancock Diversified 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 Diversified security.
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