Jpmorgan Strategic Income Fund Market Value
| JSOZX Fund | USD 11.43 0.05 0.44% |
| Symbol | Jpmorgan |
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.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Jpmorgan Strategic on November 1, 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 T Rowe, California Bond, Ab Global, Artisan High, Oklahoma Municipal, Ab Impact, and Versatile Bond. 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.
| Downside Deviation | 0.2135 | |||
| Information Ratio | (1.68) | |||
| Maximum Drawdown | 0.5237 | |||
| Value At Risk | (0.09) | |||
| Potential Upside | 0.088 |
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.| Risk Adjusted Performance | 0.0305 | |||
| Jensen Alpha | 0.0018 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.59) | |||
| Treynor Ratio | 1.18 |
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 0.13, which attests that the entity had a 0.13% 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 0.0305, market risk adjusted performance of 1.19, and Coefficient Of Variation of 623.49 to validate if the risk estimate we provide is consistent with the expected return of 0.0096%. The fund retains a Market Volatility (i.e., Beta) of 0.0017, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Jpmorgan Strategic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Jpmorgan Strategic is expected to be smaller as well.
Auto-correlation | -0.76 |
Almost perfect reverse predictability
Jpmorgan Strategic Income has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Jpmorgan Strategic time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 -0.76 indicates that around 76.0% of current Jpmorgan Strategic price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.76 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
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 |
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 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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