Jpmorgan Government Bond Fund Market Value
| HLGAX Fund | USD 9.39 0.01 0.11% |
| Symbol | Jpmorgan |
Jpmorgan Government '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 Jpmorgan Government'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 Jpmorgan Government.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Jpmorgan Government on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Jpmorgan Government Bond or generate 0.0% return on investment in Jpmorgan Government over 60 days. Jpmorgan Government is related to or competes with Inverse Government, Franklin Adjustable, Virtus Seix, Short Term, Dunham Porategovernment, Payden Us, and Lord Abbett. The fund principally invests in securities issued by the U.S More
Jpmorgan Government 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 Jpmorgan Government'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 Jpmorgan Government Bond upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 1.48 | |||
| Value At Risk | (0.63) | |||
| Potential Upside | 0.4237 |
Jpmorgan Government Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jpmorgan Government's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jpmorgan Government's standard deviation. In reality, there are many statistical measures that can use Jpmorgan Government historical prices to predict the future Jpmorgan Government's volatility.| Risk Adjusted Performance | (0.17) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (1.33) |
Jpmorgan Government Bond Backtested Returns
Jpmorgan Government Bond holds Efficiency (Sharpe) Ratio of -0.12, which attests that the entity had a -0.12% return per unit of risk over the last 3 months. Jpmorgan Government Bond exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Jpmorgan Government's Market Risk Adjusted Performance of (1.32), standard deviation of 0.2899, and Risk Adjusted Performance of (0.17) to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of 0.0489, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Jpmorgan Government's returns are expected to increase less than the market. However, during the bear market, the loss of holding Jpmorgan Government is expected to be smaller as well.
Auto-correlation | -0.39 |
Poor reverse predictability
Jpmorgan Government Bond has poor reverse predictability. Overlapping area represents the amount of predictability between Jpmorgan Government time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Jpmorgan Government Bond price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Jpmorgan Government price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Jpmorgan Government Bond lagged returns against current returns
Autocorrelation, which is Jpmorgan Government 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 Jpmorgan Government's mutual fund expected returns. We can calculate the autocorrelation of Jpmorgan Government returns to help us make a trade decision. For example, suppose you find that Jpmorgan Government 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 |
Jpmorgan Government 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 Jpmorgan Government mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jpmorgan Government mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jpmorgan Government mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Jpmorgan Government Lagged Returns
When evaluating Jpmorgan Government's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jpmorgan Government mutual fund have on its future price. Jpmorgan Government 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, Jpmorgan Government autocorrelation shows the relationship between Jpmorgan Government mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Jpmorgan Government Bond.
Regressed Prices |
| Timeline |
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Other Information on Investing in Jpmorgan Mutual Fund
Jpmorgan Government financial ratios help investors to determine whether Jpmorgan 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 Jpmorgan with respect to the benefits of owning Jpmorgan Government security.
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