JPM America (Germany) Market Value
| JPJA Fund | EUR 431.20 4.45 1.02% |
| Symbol | JPM |
Please note, there is a significant difference between JPM America's value and its price as these two are different measures arrived at by different means. Investors typically determine if JPM America is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, JPM America'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.
JPM America '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 JPM America'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 JPM America.
| 11/21/2024 |
| 12/21/2024 |
If you would invest 0.00 in JPM America on November 21, 2024 and sell it all today you would earn a total of 0.00 from holding JPM America Equity or generate 0.0% return on investment in JPM America over 30 days. JPM America is related to or competes with Groupama Entreprises, Renaissance Europe, Superior Plus, Intel, Volkswagen, Reliance Steel, and Rolls Royce. More
JPM America 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 JPM America'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 JPM America Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.08 | |||
| Information Ratio | 0.1125 | |||
| Maximum Drawdown | 5.01 | |||
| Value At Risk | (1.65) | |||
| Potential Upside | 1.92 |
JPM America Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for JPM America's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as JPM America's standard deviation. In reality, there are many statistical measures that can use JPM America historical prices to predict the future JPM America's volatility.| Risk Adjusted Performance | 0.1149 | |||
| Jensen Alpha | 0.1373 | |||
| Total Risk Alpha | 0.1165 | |||
| Sortino Ratio | 0.1159 | |||
| Treynor Ratio | 0.314 |
JPM America Equity Backtested Returns
At this point, JPM America is very steady. JPM America Equity holds Efficiency (Sharpe) Ratio of 0.14, which attests that the entity had a 0.14% return per unit of volatility over the last 3 months. We have found twenty-eight technical indicators for JPM America Equity, which you can use to evaluate the volatility of the entity. Please check out JPM America's market risk adjusted performance of 0.324, and Risk Adjusted Performance of 0.1149 to validate if the risk estimate we provide is consistent with the expected return of 0.16%. The fund retains a Market Volatility (i.e., Beta) of 0.47, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, JPM America's returns are expected to increase less than the market. However, during the bear market, the loss of holding JPM America is expected to be smaller as well.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
JPM America Equity has almost perfect reverse predictability. Overlapping area represents the amount of predictability between JPM America time series from 21st of November 2024 to 6th of December 2024 and 6th of December 2024 to 21st 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 JPM America Equity price movement. The serial correlation of -0.72 indicates that around 72.0% of current JPM America price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 23.22 |
JPM America Equity lagged returns against current returns
Autocorrelation, which is JPM America 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 JPM America's fund expected returns. We can calculate the autocorrelation of JPM America returns to help us make a trade decision. For example, suppose you find that JPM America 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 |
JPM America 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 JPM America fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JPM America fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in JPM America fund over time.
Current vs Lagged Prices |
| Timeline |
JPM America Lagged Returns
When evaluating JPM America's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of JPM America fund have on its future price. JPM America 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, JPM America autocorrelation shows the relationship between JPM America fund current value and its past values and can show if there is a momentum factor associated with investing in JPM America 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 JPM Fund
JPM America financial ratios help investors to determine whether JPM 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 JPM with respect to the benefits of owning JPM America security.
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