JPMorgan Ultra Short JPMORGAN Bond

JMST Etf  USD 50.79  0.02  0.04%   
JPMorgan Ultra's financial leverage is the degree to which the firm utilizes its fixed-income securities and uses equity to finance projects. Companies with high leverage are usually considered to be at financial risk. JPMorgan Ultra's financial risk is the risk to JPMorgan Ultra stockholders that is caused by an increase in debt. In other words, with a high degree of financial leverage come high-interest payments, which usually reduce Earnings Per Share (EPS).
  
Check out the analysis of JPMorgan Ultra Fundamentals Over Time.
View Bond Profile
Given the importance of JPMorgan Ultra's capital structure, the first step in the capital decision process is for the management of JPMorgan Ultra to decide how much external capital it will need to raise to operate in a sustainable way. Once the amount of financing is determined, management needs to examine the financial markets to determine the terms in which the company can boost capital. This move is crucial to the process because the market environment may reduce the ability of JPMorgan Ultra Short Municipal to issue bonds at a reasonable cost.
Popular NameJPMorgan Ultra JPMORGAN CHASE CO
Equity ISIN CodeUS46641Q6540
Bond Issue ISIN CodeUS46647PBX33
View All JPMorgan Ultra Outstanding Bonds

JPMorgan Ultra Short Outstanding Bond Obligations

JPMORGAN CHASE COUS46647PBK12Details
JPMORGAN CHASE COUS46647PBJ49Details
JPMORGAN CHASE COUS46647PBM77Details
JPMORGAN CHASE COUS46647PBL94Details
US46647PBP09US46647PBP09Details
JPMORGAN CHASE COUS46647PBN50Details
JPMORGAN CHASE COUS46647PBR64Details
JPMORGAN CHASE COUS46647PBT21Details
JPMORGAN CHASE COUS46647PBV76Details
JPMORGAN CHASE COUS46647PBU93Details
JPMORGAN CHASE COUS46647PBX33Details
JPMORGAN CHASE COUS46647PBW59Details
Dana 575 percentUS235822AB96Details
US46647PAX42US46647PAX42Details
Volcan Compania MineraUSP98047AC08Details
JPMORGAN CHASE COUS46647PBA30Details
JPMORGAN CHASE COUS46647PBE51Details
JPMORGAN CHASE COUS46647PBD78Details
JPMORGAN CHASE COUS46647PBH82Details
US46647PAJ57US46647PAJ57Details
US46647PAK21US46647PAK21Details
US46647PAL04US46647PAL04Details
US46647PAN69US46647PAN69Details
US46647PAM86US46647PAM86Details
US46647PAR73US46647PAR73Details
Boeing Co 2196US097023DG73Details
US46647PAV85US46647PAV85Details
US46647PAA49US46647PAA49Details
US46647PEA03US46647PEA03Details
JPM 4323 26 APR 28US46647PDA12Details
JPM 5870584 26 APR 26US46647PDB94Details
JPM 4586 26 APR 33US46647PDC77Details
US46647PDG81US46647PDG81Details
JPM 4565 14 JUN 30US46647PDF09Details
JPM 4912 25 JUL 33US46647PDH64Details
JPM 5717 14 SEP 33US46647PDK93Details
JPM 5546 15 DEC 25US46647PDM59Details
JPM 147 22 SEP 27US46647PCP99Details
JPM 498114 10 DEC 25US46647PCS39Details
US46647PCQ72US46647PCQ72Details
JPM 2545 08 NOV 32US46647PCR55Details
JPM 2963 25 JAN 33US46647PCU84Details
JPM 1561 10 DEC 25US46647PCT12Details
JPM 2947 24 FEB 28US46647PCW41Details
JPM 2595 24 FEB 26US46647PCV67Details
JPM 5755141 24 FEB 28US46647PCY07Details
JPM 5495141 24 FEB 26US46647PCX24Details
JPM 408 26 APR 26US46647PCZ71Details
JPMORGAN CHASE COUS46647PCB04Details
JPMORGAN CHASE COUS46647PCD69Details
JPMORGAN CHASE COUS46647PCC86Details
JPMorgan Chase CoUS46647PCF18Details
JPMORGAN CHASE COUS46647PCE43Details
JPMORGAN CHASE COUS46647PCJ30Details
MPLX LP 4875US55336VAG59Details
MPLX LP 4125US55336VAK61Details
MPLX LP 52US55336VAL45Details
Morgan Stanley 3591US61744YAK47Details
Morgan Stanley 3971US61744YAL20Details
MGM Resorts InternationalUS552953CD18Details

Understaning JPMorgan Ultra Use of Financial Leverage

JPMorgan Ultra's financial leverage ratio measures its total debt position, including all of its outstanding liabilities, and compares it to JPMorgan Ultra's current equity. If creditors own a majority of JPMorgan Ultra's assets, the company is considered highly leveraged. Understanding the composition and structure of JPMorgan Ultra's outstanding bonds gives an idea of how risky it is and if it is worth investing in.
Under normal circumstances, the fund invests at least 80 percent of its assets in municipal securities, the income from which is exempt from federal income tax. JPM Ultra-Short is traded on BATS Exchange in the United States.
Please read more on our technical analysis page.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  
When determining whether JPMorgan Ultra Short is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if JPMorgan Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Jpmorgan Ultra Short Municipal Etf. Highlighted below are key reports to facilitate an investment decision about Jpmorgan Ultra Short Municipal Etf:
Check out the analysis of JPMorgan Ultra Fundamentals Over Time.
You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
The market value of JPMorgan Ultra Short is measured differently than its book value, which is the value of JPMorgan that is recorded on the company's balance sheet. Investors also form their own opinion of JPMorgan Ultra's value that differs from its market value or its book value, called intrinsic value, which is JPMorgan Ultra's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because JPMorgan Ultra's market value can be influenced by many factors that don't directly affect JPMorgan Ultra's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between JPMorgan Ultra's value and its price as these two are different measures arrived at by different means. Investors typically determine if JPMorgan Ultra is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, JPMorgan Ultra'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.

What is Financial Leverage?

Financial leverage is the use of borrowed money (debt) to finance the purchase of assets with the expectation that the income or capital gain from the new asset will exceed the cost of borrowing. In most cases, the debt provider will limit how much risk it is ready to take and indicate a limit on the extent of the leverage it will allow. In the case of asset-backed lending, the financial provider uses the assets as collateral until the borrower repays the loan. In the case of a cash flow loan, the general creditworthiness of the company is used to back the loan. The concept of leverage is common in the business world. It is mostly used to boost the returns on equity capital of a company, especially when the business is unable to increase its operating efficiency and returns on total investment. Because earnings on borrowing are higher than the interest payable on debt, the company's total earnings will increase, ultimately boosting stockholders' profits.

Leverage and Capital Costs

The debt to equity ratio plays a role in the working average cost of capital (WACC). The overall interest on debt represents the break-even point that must be obtained to profitability in a given venture. Thus, WACC is essentially the average interest an organization owes on the capital it has borrowed for leverage. Let's say equity represents 60% of borrowed capital, and debt is 40%. This results in a financial leverage calculation of 40/60, or 0.6667. The organization owes 10% on all equity and 5% on all debt. That means that the weighted average cost of capital is (.4)(5) + (.6)(10) - or 8%. For every $10,000 borrowed, this organization will owe $800 in interest. Profit must be higher than 8% on the project to offset the cost of interest and justify this leverage.

Benefits of Financial Leverage

Leverage provides the following benefits for companies:
  • Leverage is an essential tool a company's management can use to make the best financing and investment decisions.
  • It provides a variety of financing sources by which the firm can achieve its target earnings.
  • Leverage is also an essential technique in investing as it helps companies set a threshold for the expansion of business operations. For example, it can be used to recommend restrictions on business expansion once the projected return on additional investment is lower than the cost of debt.
By borrowing funds, the firm incurs a debt that must be paid. But, this debt is paid in small installments over a relatively long period of time. This frees funds for more immediate use in the stock market. For example, suppose a company can afford a new factory but will be left with negligible free cash. In that case, it may be better to finance the factory and spend the cash on hand on inputs, labor, or even hold a significant portion as a reserve against unforeseen circumstances.

The Risk of Financial Leverage

The most obvious and apparent risk of leverage is that if price changes unexpectedly, the leveraged position can lead to severe losses. For example, imagine a hedge fund seeded by $50 worth of investor money. The hedge fund borrows another $50 and buys an asset worth $100, leading to a leverage ratio of 2:1. For the investor, this is neither good nor bad -- until the asset price changes. If the asset price goes up 10 percent, the investor earns $10 on $50 of capital, a net gain of 20 percent, and is very pleased with the increased gains from the leverage. However, if the asset price crashes unexpectedly, say by 30 percent, the investor loses $30 on $50 of capital, suffering a 60 percent loss. In other words, the effect of leverage is to increase the volatility of returns and increase the effects of a price change on the asset to the bottom line while increasing the chance for profit as well.