Junee Limited Ordinary Etf Market Value
| JUNE Etf | USD 5.76 0.61 11.84% |
| Symbol | Junee |
The market value of Junee Limited Ordinary is measured differently than its book value, which is the value of Junee that is recorded on the company's balance sheet. Investors also form their own opinion of Junee Limited's value that differs from its market value or its book value, called intrinsic value, which is Junee Limited's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Junee Limited's market value can be influenced by many factors that don't directly affect Junee Limited's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Junee Limited's value and its price as these two are different measures arrived at by different means. Investors typically determine if Junee Limited is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Junee Limited'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.
Junee Limited '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 Junee Limited's etf 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 Junee Limited.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Junee Limited on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Junee Limited Ordinary or generate 0.0% return on investment in Junee Limited over 90 days. Junee Limited is related to or competes with FT Vest, Zillow Group, Northern Lights, VanEck Vectors, Freedom Day, and SSGA Active. The investment seeks investment results that correspond generally to the performance of its underlying index, the Dhandh... More
Junee Limited 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 Junee Limited's etf 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 Junee Limited Ordinary upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.7 | |||
| Information Ratio | 0.158 | |||
| Maximum Drawdown | 27.95 | |||
| Value At Risk | (6.25) | |||
| Potential Upside | 8.31 |
Junee Limited Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Junee Limited's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Junee Limited's standard deviation. In reality, there are many statistical measures that can use Junee Limited historical prices to predict the future Junee Limited's volatility.| Risk Adjusted Performance | 0.1204 | |||
| Jensen Alpha | 0.7915 | |||
| Total Risk Alpha | 1.56 | |||
| Sortino Ratio | 0.2232 | |||
| Treynor Ratio | 0.8926 |
Junee Limited Ordinary Backtested Returns
Junee Limited appears to be relatively risky, given 3 months investment horizon. Junee Limited Ordinary 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. By evaluating Junee Limited's technical indicators, you can evaluate if the expected return of 0.65% is justified by implied risk. Please utilize Junee Limited's Market Risk Adjusted Performance of 0.9026, downside deviation of 3.7, and Risk Adjusted Performance of 0.1204 to validate if our risk estimates are consistent with your expectations. The etf retains a Market Volatility (i.e., Beta) of 0.76, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Junee Limited's returns are expected to increase less than the market. However, during the bear market, the loss of holding Junee Limited is expected to be smaller as well.
Auto-correlation | -0.28 |
Weak reverse predictability
Junee Limited Ordinary has weak reverse predictability. Overlapping area represents the amount of predictability between Junee Limited time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 Junee Limited Ordinary price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Junee Limited price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Junee Limited Ordinary lagged returns against current returns
Autocorrelation, which is Junee Limited etf'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 Junee Limited's etf expected returns. We can calculate the autocorrelation of Junee Limited returns to help us make a trade decision. For example, suppose you find that Junee Limited has exhibited high autocorrelation historically, and you observe that the etf 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 |
Junee Limited 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 Junee Limited etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Junee Limited etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Junee Limited etf over time.
Current vs Lagged Prices |
| Timeline |
Junee Limited Lagged Returns
When evaluating Junee Limited's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Junee Limited etf have on its future price. Junee Limited 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, Junee Limited autocorrelation shows the relationship between Junee Limited etf current value and its past values and can show if there is a momentum factor associated with investing in Junee Limited Ordinary.
Regressed Prices |
| Timeline |
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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 Junee Etf
Junee Limited financial ratios help investors to determine whether Junee Etf 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 Junee with respect to the benefits of owning Junee Limited security.