Jpmorgan Equity Income Fund Market Value
| HLIEX Fund | USD 26.68 0.16 0.60% |
| Symbol | Jpmorgan |
Jpmorgan Equity '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 Equity'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 Equity.
| 12/22/2022 |
| 12/11/2024 |
If you would invest 0.00 in Jpmorgan Equity on December 22, 2022 and sell it all today you would earn a total of 0.00 from holding Jpmorgan Equity Income or generate 0.0% return on investment in Jpmorgan Equity over 720 days. Jpmorgan Equity is related to or competes with Jpmorgan Large, Jpmorgan Growth, Mfs International, Jpmorgan Hedged, and Jpmorgan Income. Under normal circumstances, at least 80 percent of the funds assets will be invested in the equity securities of corpora... More
Jpmorgan Equity 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 Equity'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 Equity Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4945 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 3.65 | |||
| Value At Risk | (0.65) | |||
| Potential Upside | 1.12 |
Jpmorgan Equity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jpmorgan Equity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jpmorgan Equity's standard deviation. In reality, there are many statistical measures that can use Jpmorgan Equity historical prices to predict the future Jpmorgan Equity's volatility.| Risk Adjusted Performance | 0.112 | |||
| Jensen Alpha | 0.0902 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 3.67 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Jpmorgan Equity's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Jpmorgan Equity Income Backtested Returns
At this stage we consider Jpmorgan Mutual Fund to be very steady. Jpmorgan Equity Income holds Efficiency (Sharpe) Ratio of 0.14, which attests that the entity had a 0.14% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Jpmorgan Equity Income, which you can use to evaluate the volatility of the entity. Please check out Jpmorgan Equity's Downside Deviation of 0.4945, risk adjusted performance of 0.112, and Market Risk Adjusted Performance of 3.68 to validate if the risk estimate we provide is consistent with the expected return of 0.0902%. The fund retains a Market Volatility (i.e., Beta) of 0.0254, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Jpmorgan Equity's returns are expected to increase less than the market. However, during the bear market, the loss of holding Jpmorgan Equity is expected to be smaller as well.
Auto-correlation | -0.22 |
Weak reverse predictability
Jpmorgan Equity Income has weak reverse predictability. Overlapping area represents the amount of predictability between Jpmorgan Equity time series from 22nd of December 2022 to 17th of December 2023 and 17th of December 2023 to 11th of December 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 Jpmorgan Equity Income price movement. The serial correlation of -0.22 indicates that over 22.0% of current Jpmorgan Equity price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 1.9 |
Jpmorgan Equity Income lagged returns against current returns
Autocorrelation, which is Jpmorgan Equity 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 Equity's mutual fund expected returns. We can calculate the autocorrelation of Jpmorgan Equity returns to help us make a trade decision. For example, suppose you find that Jpmorgan Equity 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 Equity 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 Equity mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jpmorgan Equity 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 Equity mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Jpmorgan Equity Lagged Returns
When evaluating Jpmorgan Equity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jpmorgan Equity mutual fund have on its future price. Jpmorgan Equity 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 Equity autocorrelation shows the relationship between Jpmorgan Equity mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Jpmorgan Equity Income.
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 Jpmorgan Mutual Fund
Jpmorgan Equity 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 Equity security.
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