Jpmorgan Strategic Income Fund Market Value

JSOSX Fund  USD 11.44  0.01  0.09%   
Jpmorgan Strategic's market value is the price at which a share of Jpmorgan Strategic trades on a public exchange. It measures the collective expectations of Jpmorgan Strategic Income investors about its performance. Jpmorgan Strategic is trading at 11.44 as of the 12th of December 2024; that is 0.09 percent increase since the beginning of the trading day. The fund's open price was 11.43.
With this module, you can estimate the performance of a buy and hold strategy of Jpmorgan Strategic Income and determine expected loss or profit from investing in Jpmorgan Strategic over a given investment horizon. Check out Jpmorgan Strategic Correlation, Jpmorgan Strategic Volatility and Jpmorgan Strategic Alpha and Beta module to complement your research on Jpmorgan Strategic.
Symbol

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

Jpmorgan Strategic '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 Jpmorgan Strategic'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 Jpmorgan Strategic.
0.00
11/12/2024
No Change 0.00  0.0 
In 30 days
12/12/2024
0.00
If you would invest  0.00  in Jpmorgan Strategic on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Jpmorgan Strategic Income or generate 0.0% return on investment in Jpmorgan Strategic over 30 days. Jpmorgan Strategic is related to or competes with Invesco Gold, Europac Gold, Great West, Precious Metals, Short Precious, and Oppenheimer Gold. The fund has an absolute return orientation which means that it is not managed relative to an index More

Jpmorgan Strategic 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 Jpmorgan Strategic'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 Jpmorgan Strategic Income upside and downside potential and time the market with a certain degree of confidence.

Jpmorgan Strategic Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Jpmorgan Strategic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jpmorgan Strategic's standard deviation. In reality, there are many statistical measures that can use Jpmorgan Strategic historical prices to predict the future Jpmorgan Strategic's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Jpmorgan Strategic'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.
Hype
Prediction
LowEstimatedHigh
11.3711.4411.51
Details
Intrinsic
Valuation
LowRealHigh
10.4510.5212.58
Details
Naive
Forecast
LowNextHigh
11.3711.4411.52
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
11.3911.4311.47
Details

Jpmorgan Strategic Income Backtested Returns

At this stage we consider Jpmorgan Mutual Fund to be very steady. Jpmorgan Strategic Income holds Efficiency (Sharpe) Ratio of 0.15, which attests that the entity had a 0.15% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Jpmorgan Strategic Income, which you can use to evaluate the volatility of the entity. Please check out Jpmorgan Strategic's Risk Adjusted Performance of 0.0165, market risk adjusted performance of (0.11), and Coefficient Of Variation of 682.94 to validate if the risk estimate we provide is consistent with the expected return of 0.0112%. The fund retains a Market Volatility (i.e., Beta) of -0.0053, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Jpmorgan Strategic are expected to decrease at a much lower rate. During the bear market, Jpmorgan Strategic is likely to outperform the market.

Auto-correlation

    
  0.17  

Very weak predictability

Jpmorgan Strategic Income has very weak predictability. Overlapping area represents the amount of predictability between Jpmorgan Strategic time series from 12th of November 2024 to 27th of November 2024 and 27th of November 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 Jpmorgan Strategic Income price movement. The serial correlation of 0.17 indicates that over 17.0% of current Jpmorgan Strategic price fluctuation can be explain by its past prices.
Correlation Coefficient0.17
Spearman Rank Test0.76
Residual Average0.0
Price Variance0.0

Jpmorgan Strategic Income lagged returns against current returns

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

Jpmorgan Strategic 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 Jpmorgan Strategic mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jpmorgan Strategic mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jpmorgan Strategic mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Jpmorgan Strategic Lagged Returns

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

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Other Information on Investing in Jpmorgan Mutual Fund

Jpmorgan Strategic financial ratios help investors to determine whether Jpmorgan 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 Jpmorgan with respect to the benefits of owning Jpmorgan Strategic security.
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