Jpmorgan Active Value Etf Market Value
| JAVA Etf | USD 67.89 0.36 0.53% |
| Symbol | JPMorgan |
The market value of JPMorgan Active Value 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 Active's value that differs from its market value or its book value, called intrinsic value, which is JPMorgan Active'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 Active's market value can be influenced by many factors that don't directly affect JPMorgan Active'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 Active's value and its price as these two are different measures arrived at by different means. Investors typically determine if JPMorgan Active is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, JPMorgan Active'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.
JPMorgan Active '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 Active'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 JPMorgan Active.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in JPMorgan Active on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding JPMorgan Active Value or generate 0.0% return on investment in JPMorgan Active over 30 days. JPMorgan Active is related to or competes with Global X, Dell Technologies, and Juniper Networks. The adviser seeks to meet its objective by investing primarily in equities, including common stock, preferred stock and ... More
JPMorgan Active 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 Active'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 JPMorgan Active Value upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5203 | |||
| Information Ratio | 0.0055 | |||
| Maximum Drawdown | 4.15 | |||
| Value At Risk | (0.80) | |||
| Potential Upside | 1.11 |
JPMorgan Active Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for JPMorgan Active's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as JPMorgan Active's standard deviation. In reality, there are many statistical measures that can use JPMorgan Active historical prices to predict the future JPMorgan Active's volatility.| Risk Adjusted Performance | 0.1263 | |||
| Jensen Alpha | 0.0172 | |||
| Total Risk Alpha | 0.012 | |||
| Sortino Ratio | 0.0074 | |||
| Treynor Ratio | 0.1231 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of JPMorgan Active'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 Active Value Backtested Returns
At this point, JPMorgan Active is very steady. JPMorgan Active Value holds Efficiency (Sharpe) Ratio of 0.22, which attests that the entity had a 0.22% return per unit of volatility over the last 3 months. We have found thirty technical indicators for JPMorgan Active Value, which you can use to evaluate the volatility of the entity. Please check out JPMorgan Active's market risk adjusted performance of 0.1331, and Risk Adjusted Performance of 0.1263 to validate if the risk estimate we provide is consistent with the expected return of 0.15%. The etf retains a Market Volatility (i.e., Beta) of 0.87, which attests to possible diversification benefits within a given portfolio. JPMorgan Active returns are very sensitive to returns on the market. As the market goes up or down, JPMorgan Active is expected to follow.
Auto-correlation | 0.91 |
Excellent predictability
JPMorgan Active Value has excellent predictability. Overlapping area represents the amount of predictability between JPMorgan Active time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Active Value price movement. The serial correlation of 0.91 indicates that approximately 91.0% of current JPMorgan Active price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.91 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.51 |
JPMorgan Active Value lagged returns against current returns
Autocorrelation, which is JPMorgan Active 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 JPMorgan Active's etf expected returns. We can calculate the autocorrelation of JPMorgan Active returns to help us make a trade decision. For example, suppose you find that JPMorgan Active 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 |
JPMorgan Active 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 Active etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JPMorgan Active etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in JPMorgan Active etf over time.
Current vs Lagged Prices |
| Timeline |
JPMorgan Active Lagged Returns
When evaluating JPMorgan Active's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of JPMorgan Active etf have on its future price. JPMorgan Active 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 Active autocorrelation shows the relationship between JPMorgan Active etf current value and its past values and can show if there is a momentum factor associated with investing in JPMorgan Active Value.
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.When determining whether JPMorgan Active Value offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of JPMorgan Active's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Jpmorgan Active Value Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Jpmorgan Active Value Etf:Check out JPMorgan Active Correlation, JPMorgan Active Volatility and JPMorgan Active Alpha and Beta module to complement your research on JPMorgan Active. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
JPMorgan Active technical etf 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, etf market cycles, or different charting patterns.