Jhancock Blue Chip Fund Market Value
| JHBCX Fund | 60.86 0.86 1.39% |
| Symbol | Jhancock |
Jhancock Blue '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 Blue'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 Blue.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Jhancock Blue on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Jhancock Blue Chip or generate 0.0% return on investment in Jhancock Blue over 60 days. Jhancock Blue is related to or competes with Regional Bank, Regional Bank, Multimanager Lifestyle, Multimanager Lifestyle, Multimanager Lifestyle, Multimanager Lifestyle, and Multimanager Lifestyle. The fund normally invests at least 80 percent of its net assets in the common stocks of large- and medium-sized blue chi... More
Jhancock Blue 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 Blue'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 Blue Chip upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.66 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 8.01 | |||
| Value At Risk | (2.18) | |||
| Potential Upside | 1.58 |
Jhancock Blue Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jhancock Blue's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jhancock Blue's standard deviation. In reality, there are many statistical measures that can use Jhancock Blue historical prices to predict the future Jhancock Blue's volatility.| Risk Adjusted Performance | 0.004 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.24) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Jhancock Blue'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.
Jhancock Blue Chip Backtested Returns
At this stage we consider Jhancock Mutual Fund to be very steady. Jhancock Blue Chip holds Efficiency (Sharpe) Ratio of 0.0095, which attests that the entity had a 0.0095% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Jhancock Blue Chip, which you can use to evaluate the volatility of the entity. Please check out Jhancock Blue's Risk Adjusted Performance of 0.004, downside deviation of 1.66, and Market Risk Adjusted Performance of (0.23) to validate if the risk estimate we provide is consistent with the expected return of 0.0118%. The fund retains a Market Volatility (i.e., Beta) of 0.0381, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Jhancock Blue's returns are expected to increase less than the market. However, during the bear market, the loss of holding Jhancock Blue is expected to be smaller as well.
Auto-correlation | -0.39 |
Poor reverse predictability
Jhancock Blue Chip has poor reverse predictability. Overlapping area represents the amount of predictability between Jhancock Blue 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 Jhancock Blue Chip price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Jhancock Blue price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 7.18 |
Jhancock Blue Chip lagged returns against current returns
Autocorrelation, which is Jhancock Blue 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 Blue's mutual fund expected returns. We can calculate the autocorrelation of Jhancock Blue returns to help us make a trade decision. For example, suppose you find that Jhancock Blue 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 Blue 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 Blue mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jhancock Blue 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 Blue mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Jhancock Blue Lagged Returns
When evaluating Jhancock Blue's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jhancock Blue mutual fund have on its future price. Jhancock Blue 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 Blue autocorrelation shows the relationship between Jhancock Blue mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Jhancock Blue Chip.
Regressed Prices |
| Timeline |
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Other Information on Investing in Jhancock Mutual Fund
Jhancock Blue 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 Blue security.
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