Jpmorgan Tax Aware Fund Market Value
| TXRCX Fund | USD 9.34 0.03 0.32% |
| 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.
| 01/28/2024 |
| 01/22/2025 |
If you would invest 0.00 in Jpmorgan Tax on January 28, 2024 and sell it all today you would earn a total of 0.00 from holding Jpmorgan Tax Aware or generate 0.0% return on investment in Jpmorgan Tax over 360 days. Jpmorgan Tax is related to or competes with Lebenthal Lisanti, Artisan Small, Praxis Small, Touchstone Small, Tax-managed, and Df Dent. The fund is designed to protect after-tax return by, under normal circumstances, primarily investing in a portfolio of m... 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 Aware upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 1.39 | |||
| Value At Risk | (0.32) | |||
| Potential Upside | 0.2153 |
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 | (0.07) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.03) | |||
| Treynor Ratio | (0.75) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Jpmorgan Tax'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.
Jpmorgan Tax Aware Backtested Returns
At this stage we consider Jpmorgan Mutual Fund to be very steady. Jpmorgan Tax Aware holds Efficiency (Sharpe) Ratio of 0.0371, which attests that the entity had a 0.0371 % return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Jpmorgan Tax Aware, which you can use to evaluate the volatility of the entity. Please check out Jpmorgan Tax's Market Risk Adjusted Performance of (0.74), standard deviation of 0.2145, and Risk Adjusted Performance of (0.07) to validate if the risk estimate we provide is consistent with the expected return of 0.0075%. The fund retains a Market Volatility (i.e., Beta) of 0.026, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Jpmorgan Tax's returns are expected to increase less than the market. However, during the bear market, the loss of holding Jpmorgan Tax is expected to be smaller as well.
Auto-correlation | 0.08 |
Virtually no predictability
Jpmorgan Tax Aware has virtually no predictability. Overlapping area represents the amount of predictability between Jpmorgan Tax time series from 28th of January 2024 to 26th of July 2024 and 26th of July 2024 to 22nd 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 Aware price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Jpmorgan Tax price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Jpmorgan Tax Aware 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 Aware.
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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| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk |