Japan Smaller Capitalization Fund Market Value
| JOF Fund | USD 8.39 0.13 1.57% |
| Symbol | Japan |
Japan Smaller '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 Japan Smaller's 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 Japan Smaller.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Japan Smaller on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Japan Smaller Capitalization or generate 0.0% return on investment in Japan Smaller over 90 days. Japan Smaller is related to or competes with Mexico Closed, NXG NextGen, Central Europe, Taiwan Closed, Korea Closed, Swiss Helvetia, and Mexico Equity. Japan Smaller Capitalization Fund, Inc. is a closed-ended equity mutual fund launched by Nomura Asset Management U.S.A More
Japan Smaller 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 Japan Smaller's 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 Japan Smaller Capitalization upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8125 | |||
| Information Ratio | 0.2461 | |||
| Maximum Drawdown | 3.72 | |||
| Value At Risk | (1.29) | |||
| Potential Upside | 1.83 |
Japan Smaller Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Japan Smaller's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Japan Smaller's standard deviation. In reality, there are many statistical measures that can use Japan Smaller historical prices to predict the future Japan Smaller's volatility.| Risk Adjusted Performance | 0.1242 | |||
| Jensen Alpha | 0.1551 | |||
| Total Risk Alpha | 0.2434 | |||
| Sortino Ratio | 0.2875 | |||
| Treynor Ratio | 0.444 |
Japan Smaller Capita Backtested Returns
At this point, Japan Smaller is very steady. Japan Smaller Capita holds Efficiency (Sharpe) Ratio of 0.19, which attests that the entity had a 0.19 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Japan Smaller Capita, which you can use to evaluate the volatility of the entity. Please check out Japan Smaller's Market Risk Adjusted Performance of 0.454, risk adjusted performance of 0.1242, and Downside Deviation of 0.8125 to validate if the risk estimate we provide is consistent with the expected return of 0.18%. The fund retains a Market Volatility (i.e., Beta) of 0.28, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Japan Smaller's returns are expected to increase less than the market. However, during the bear market, the loss of holding Japan Smaller is expected to be smaller as well.
Auto-correlation | 0.50 |
Modest predictability
Japan Smaller Capitalization has modest predictability. Overlapping area represents the amount of predictability between Japan Smaller time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 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 Japan Smaller Capita price movement. The serial correlation of 0.5 indicates that about 50.0% of current Japan Smaller price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Japan Smaller Capita lagged returns against current returns
Autocorrelation, which is Japan Smaller 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 Japan Smaller's fund expected returns. We can calculate the autocorrelation of Japan Smaller returns to help us make a trade decision. For example, suppose you find that Japan Smaller has exhibited high autocorrelation historically, and you observe that the 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 |
Japan Smaller 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 Japan Smaller fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Japan Smaller fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Japan Smaller fund over time.
Current vs Lagged Prices |
| Timeline |
Japan Smaller Lagged Returns
When evaluating Japan Smaller's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Japan Smaller fund have on its future price. Japan Smaller 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, Japan Smaller autocorrelation shows the relationship between Japan Smaller fund current value and its past values and can show if there is a momentum factor associated with investing in Japan Smaller Capitalization.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Japan Fund
Japan Smaller financial ratios help investors to determine whether Japan 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 Japan with respect to the benefits of owning Japan Smaller security.
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