Jensen Global Quality Fund Market Value

JGQIX Fund  USD 17.44  0.12  0.69%   
Jensen Global's market value is the price at which a share of Jensen Global trades on a public exchange. It measures the collective expectations of Jensen Global Quality investors about its performance. Jensen Global is trading at 17.44 as of the 12th of December 2024; that is 0.69 percent up since the beginning of the trading day. The fund's open price was 17.32.
With this module, you can estimate the performance of a buy and hold strategy of Jensen Global Quality and determine expected loss or profit from investing in Jensen Global over a given investment horizon. Check out Jensen Global Correlation, Jensen Global Volatility and Jensen Global Alpha and Beta module to complement your research on Jensen Global.
Symbol

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

Jensen 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 Jensen 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 Jensen Global.
0.00
12/18/2023
No Change 0.00  0.0 
In 11 months and 26 days
12/12/2024
0.00
If you would invest  0.00  in Jensen Global on December 18, 2023 and sell it all today you would earn a total of 0.00 from holding Jensen Global Quality or generate 0.0% return on investment in Jensen Global over 360 days. Jensen Global is related to or competes with Virtus Convertible, Gabelli Convertible, Calamos Dynamic, Fidelity Sai, Lord Abbett, and Absolute Convertible. Under normal circumstances, the fund invests at least 80 percent of its net assets in U.S More

Jensen 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 Jensen 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 Jensen Global Quality upside and downside potential and time the market with a certain degree of confidence.

Jensen Global Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Jensen Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jensen Global's standard deviation. In reality, there are many statistical measures that can use Jensen Global historical prices to predict the future Jensen Global's volatility.
Hype
Prediction
LowEstimatedHigh
16.7617.4418.12
Details
Intrinsic
Valuation
LowRealHigh
16.6817.3618.04
Details
Naive
Forecast
LowNextHigh
16.8617.5518.23
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
16.8917.2517.62
Details

Jensen Global Quality Backtested Returns

At this stage we consider Jensen Mutual Fund to be very steady. Jensen Global Quality holds Efficiency (Sharpe) Ratio of 0.0625, which attests that the entity had a 0.0625% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Jensen Global Quality, which you can use to evaluate the volatility of the entity. Please check out Jensen Global's Market Risk Adjusted Performance of 0.1163, risk adjusted performance of 0.0715, and Downside Deviation of 0.7054 to validate if the risk estimate we provide is consistent with the expected return of 0.0429%. The fund retains a Market Volatility (i.e., Beta) of 0.55, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Jensen Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Jensen Global is expected to be smaller as well.

Auto-correlation

    
  0.41  

Average predictability

Jensen Global Quality has average predictability. Overlapping area represents the amount of predictability between Jensen Global time series from 18th of December 2023 to 15th of June 2024 and 15th of June 2024 to 12th 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 Jensen Global Quality price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Jensen Global price fluctuation can be explain by its past prices.
Correlation Coefficient0.41
Spearman Rank Test0.42
Residual Average0.0
Price Variance0.13

Jensen Global Quality lagged returns against current returns

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

Jensen 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 Jensen Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jensen 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 Jensen Global mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Jensen Global Lagged Returns

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

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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 Jensen Mutual Fund

Jensen Global financial ratios help investors to determine whether Jensen 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 Jensen with respect to the benefits of owning Jensen Global security.
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