Jhancock New Opportunities Fund Market Value
| JWSOX Fund | USD 27.13 1.06 3.76% |
| Symbol | Jhancock |
Jhancock New '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 Jhancock New'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 Jhancock New.
| 12/30/2022 |
| 12/19/2024 |
If you would invest 0.00 in Jhancock New on December 30, 2022 and sell it all today you would earn a total of 0.00 from holding Jhancock New Opportunities or generate 0.0% return on investment in Jhancock New over 720 days. Jhancock New is related to or competes with Rbb Fund, Qs Growth, Balanced Fund, T Rowe, and Issachar Fund. Under normal circumstances, the fund invests at least 80 percent of its assets in equity securities of small-capitalizat... More
Jhancock New 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 Jhancock New'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 Jhancock New Opportunities upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.15 | |||
| Information Ratio | 0.0096 | |||
| Maximum Drawdown | 8.32 | |||
| Value At Risk | (1.71) | |||
| Potential Upside | 1.64 |
Jhancock New Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jhancock New's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jhancock New's standard deviation. In reality, there are many statistical measures that can use Jhancock New historical prices to predict the future Jhancock New's volatility.| Risk Adjusted Performance | 0.0292 | |||
| Jensen Alpha | 0.0033 | |||
| Total Risk Alpha | 2.0E-4 | |||
| Sortino Ratio | 0.0109 | |||
| Treynor Ratio | 0.0214 |
Jhancock New Opportu Backtested Returns
At this stage we consider Jhancock Mutual Fund to be very steady. Jhancock New Opportu holds Efficiency (Sharpe) Ratio of 0.0145, which attests that the entity had a 0.0145% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Jhancock New Opportu, which you can use to evaluate the volatility of the entity. Please check out Jhancock New's Risk Adjusted Performance of 0.0292, downside deviation of 1.15, and Market Risk Adjusted Performance of 0.0314 to validate if the risk estimate we provide is consistent with the expected return of 0.0188%. The fund retains a Market Volatility (i.e., Beta) of 1.48, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Jhancock New will likely underperform.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Jhancock New Opportunities has insignificant reverse predictability. Overlapping area represents the amount of predictability between Jhancock New time series from 30th of December 2022 to 25th of December 2023 and 25th of December 2023 to 19th 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 Jhancock New Opportu price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Jhancock New price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 1.85 |
Jhancock New Opportu lagged returns against current returns
Autocorrelation, which is Jhancock New 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 Jhancock New's mutual fund expected returns. We can calculate the autocorrelation of Jhancock New returns to help us make a trade decision. For example, suppose you find that Jhancock New 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 |
Jhancock New 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 Jhancock New mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jhancock New mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jhancock New mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Jhancock New Lagged Returns
When evaluating Jhancock New's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jhancock New mutual fund have on its future price. Jhancock New 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, Jhancock New autocorrelation shows the relationship between Jhancock New mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Jhancock New Opportunities.
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 Jhancock Mutual Fund
Jhancock New financial ratios help investors to determine whether Jhancock 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 Jhancock with respect to the benefits of owning Jhancock New security.
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