Jpmorgan Tax Free Fund Market Value
| RUNFX Fund | USD 10.72 0.02 0.19% |
| Symbol | Jpmorgan |
Jpmorgan Tax '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 Tax'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 Tax.
| 06/30/2023 |
| 01/20/2025 |
If you would invest 0.00 in Jpmorgan Tax on June 30, 2023 and sell it all today you would earn a total of 0.00 from holding Jpmorgan Tax Free or generate 0.0% return on investment in Jpmorgan Tax over 570 days. Jpmorgan Tax is related to or competes with Bbh Intermediate, Inverse Government, Blackrock, Franklin Adjustable, Virtus Seix, and Hartford Municipal. The investment seeks as high a level of current income exempt from federal income tax as is consistent with relative sta... More
Jpmorgan Tax 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 Tax'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 Tax Free upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 1.49 | |||
| Value At Risk | (0.37) | |||
| Potential Upside | 0.3756 |
Jpmorgan Tax Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jpmorgan Tax's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jpmorgan Tax's standard deviation. In reality, there are many statistical measures that can use Jpmorgan Tax historical prices to predict the future Jpmorgan Tax's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.02) | |||
| Treynor Ratio | 2.35 |
Jpmorgan Tax Free Backtested Returns
Jpmorgan Tax Free holds Efficiency (Sharpe) Ratio of -0.0216, which attests that the entity had a -0.0216 % return per unit of risk over the last 3 months. Jpmorgan Tax Free exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Jpmorgan Tax's Standard Deviation of 0.2664, market risk adjusted performance of 2.36, and Risk Adjusted Performance of (0.04) to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of -0.0067, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Jpmorgan Tax are expected to decrease at a much lower rate. During the bear market, Jpmorgan Tax is likely to outperform the market.
Auto-correlation | 0.37 |
Below average predictability
Jpmorgan Tax Free has below average predictability. Overlapping area represents the amount of predictability between Jpmorgan Tax time series from 30th of June 2023 to 10th of April 2024 and 10th of April 2024 to 20th of January 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 Jpmorgan Tax Free price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Jpmorgan Tax price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Jpmorgan Tax Free lagged returns against current returns
Autocorrelation, which is Jpmorgan Tax 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 Tax's mutual fund expected returns. We can calculate the autocorrelation of Jpmorgan Tax returns to help us make a trade decision. For example, suppose you find that Jpmorgan Tax 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 Tax 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 Tax mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jpmorgan Tax 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 Tax mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Jpmorgan Tax Lagged Returns
When evaluating Jpmorgan Tax's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jpmorgan Tax mutual fund have on its future price. Jpmorgan Tax 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 Tax autocorrelation shows the relationship between Jpmorgan Tax mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Jpmorgan Tax Free.
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 Tax 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 Tax security.
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