Johnson Municipal Income Fund Market Value
| JMUNX Fund | USD 16.16 0.03 0.19% |
| Symbol | Johnson |
Johnson Municipal '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 Johnson Municipal'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 Johnson Municipal.
| 02/05/2023 |
| 01/25/2025 |
If you would invest 0.00 in Johnson Municipal on February 5, 2023 and sell it all today you would earn a total of 0.00 from holding Johnson Municipal Income or generate 0.0% return on investment in Johnson Municipal over 720 days. Johnson Municipal is related to or competes with Johnson Core, Johnson Enhanced, Johnson Equity, Johnson Equity, Johnson Mutual, Johnson Institutional, and Johnson Institutional. Under normal market conditions, the fund will invest at least 80 percent of its net assets, plus any amount for borrowin... More
Johnson Municipal 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 Johnson Municipal'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 Johnson Municipal Income upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 1.67 | |||
| Value At Risk | (0.62) | |||
| Potential Upside | 0.3736 |
Johnson Municipal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Johnson Municipal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Johnson Municipal's standard deviation. In reality, there are many statistical measures that can use Johnson Municipal historical prices to predict the future Johnson Municipal's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | (0.52) |
Johnson Municipal Income Backtested Returns
Johnson Municipal Income holds Efficiency (Sharpe) Ratio of close to zero, which attests that the entity had a close to zero % return per unit of risk over the last 3 months. Johnson Municipal Income exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Johnson Municipal's Market Risk Adjusted Performance of (0.51), risk adjusted performance of (0.07), and Standard Deviation of 0.2961 to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of 0.0509, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Johnson Municipal's returns are expected to increase less than the market. However, during the bear market, the loss of holding Johnson Municipal is expected to be smaller as well.
Auto-correlation | -0.17 |
Insignificant reverse predictability
Johnson Municipal Income has insignificant reverse predictability. Overlapping area represents the amount of predictability between Johnson Municipal time series from 5th of February 2023 to 31st of January 2024 and 31st of January 2024 to 25th 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 Johnson Municipal Income price movement. The serial correlation of -0.17 indicates that over 17.0% of current Johnson Municipal price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Johnson Municipal Income lagged returns against current returns
Autocorrelation, which is Johnson Municipal 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 Johnson Municipal's mutual fund expected returns. We can calculate the autocorrelation of Johnson Municipal returns to help us make a trade decision. For example, suppose you find that Johnson Municipal 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 |
Johnson Municipal 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 Johnson Municipal mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Johnson Municipal mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Johnson Municipal mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Johnson Municipal Lagged Returns
When evaluating Johnson Municipal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Johnson Municipal mutual fund have on its future price. Johnson Municipal 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, Johnson Municipal autocorrelation shows the relationship between Johnson Municipal mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Johnson Municipal 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 Johnson Mutual Fund
Johnson Municipal financial ratios help investors to determine whether Johnson 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 Johnson with respect to the benefits of owning Johnson Municipal security.
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| Fundamental Analysis View fundamental data based on most recent published financial statements |