Jhancock Global Equity Fund Market Value

JGERX Fund  USD 13.66  0.05  0.36%   
Jhancock Global's market value is the price at which a share of Jhancock Global trades on a public exchange. It measures the collective expectations of Jhancock Global Equity investors about its performance. Jhancock Global is trading at 13.66 as of the 14th of December 2024; that is 0.36% down since the beginning of the trading day. The fund's open price was 13.71.
With this module, you can estimate the performance of a buy and hold strategy of Jhancock Global Equity and determine expected loss or profit from investing in Jhancock Global over a given investment horizon. Check out Jhancock Global Correlation, Jhancock Global Volatility and Jhancock Global Alpha and Beta module to complement your research on Jhancock Global.
Symbol

Please note, there is a significant difference between Jhancock Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Jhancock Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Jhancock Global'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.

Jhancock Global '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 Jhancock Global'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 Jhancock Global.
0.00
11/14/2024
No Change 0.00  0.0 
In 31 days
12/14/2024
0.00
If you would invest  0.00  in Jhancock Global on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Jhancock Global Equity or generate 0.0% return on investment in Jhancock Global over 30 days. Jhancock Global is related to or competes with Regional Bank, Regional Bank, Multimanager Lifestyle, Multimanager Lifestyle, Multimanager Lifestyle, Multimanager Lifestyle, and Multimanager Lifestyle. The fund seeks to generate capital appreciation by investing at least 80 percent of net assets in a diversified portfoli... More

Jhancock Global 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 Jhancock Global'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 Jhancock Global Equity upside and downside potential and time the market with a certain degree of confidence.

Jhancock Global Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Jhancock Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jhancock Global's standard deviation. In reality, there are many statistical measures that can use Jhancock Global historical prices to predict the future Jhancock Global's volatility.
Hype
Prediction
LowEstimatedHigh
13.1413.6614.18
Details
Intrinsic
Valuation
LowRealHigh
13.1513.6714.19
Details

Jhancock Global Equity Backtested Returns

At this stage we consider Jhancock Mutual Fund to be very steady. Jhancock Global Equity holds Efficiency (Sharpe) Ratio of 0.0026, which attests that the entity had a 0.0026% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Jhancock Global Equity, which you can use to evaluate the volatility of the entity. Please check out Jhancock Global's Risk Adjusted Performance of 0.0212, downside deviation of 0.4495, and Market Risk Adjusted Performance of 0.0249 to validate if the risk estimate we provide is consistent with the expected return of 0.0014%. The fund retains a Market Volatility (i.e., Beta) of 0.54, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Jhancock Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Jhancock Global is expected to be smaller as well.

Auto-correlation

    
  -0.87  

Excellent reverse predictability

Jhancock Global Equity has excellent reverse predictability. Overlapping area represents the amount of predictability between Jhancock Global time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Jhancock Global Equity price movement. The serial correlation of -0.87 indicates that approximately 87.0% of current Jhancock Global price fluctuation can be explain by its past prices.
Correlation Coefficient-0.87
Spearman Rank Test-0.72
Residual Average0.0
Price Variance0.01

Jhancock Global Equity lagged returns against current returns

Autocorrelation, which is Jhancock Global 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 Jhancock Global's mutual fund expected returns. We can calculate the autocorrelation of Jhancock Global returns to help us make a trade decision. For example, suppose you find that Jhancock Global 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  

Jhancock Global 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 Jhancock Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jhancock Global mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jhancock Global mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Jhancock Global Lagged Returns

When evaluating Jhancock Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jhancock Global mutual fund have on its future price. Jhancock Global 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, Jhancock Global autocorrelation shows the relationship between Jhancock Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Jhancock Global Equity.
   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 Jhancock Mutual Fund

Jhancock Global 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 Global security.
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