Jones Lang Lasalleome Fund Market Value
| ZIPIMX Fund | USD 11.47 0.01 0.09% |
| Symbol | Jones |
Please note, there is a significant difference between Jones Lang's value and its price as these two are different measures arrived at by different means. Investors typically determine if Jones Lang is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Jones Lang'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.
Jones Lang '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 Jones Lang's 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 Jones Lang.
| 10/08/2024 |
| 01/06/2025 |
If you would invest 0.00 in Jones Lang on October 8, 2024 and sell it all today you would earn a total of 0.00 from holding Jones Lang Lasalleome or generate 0.0% return on investment in Jones Lang over 90 days. Jones Lang is related to or competes with Ab Small, L Abbett, Arrow Managed, Versatile Bond, and Qs Us. More
Jones Lang 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 Jones Lang's 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 Jones Lang Lasalleome upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 1.55 | |||
| Value At Risk | (0.09) | |||
| Potential Upside | 0.0864 |
Jones Lang Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jones Lang's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jones Lang's standard deviation. In reality, there are many statistical measures that can use Jones Lang historical prices to predict the future Jones Lang's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.03) | |||
| Treynor Ratio | 2.2 |
Jones Lang Lasalleome Backtested Returns
Jones Lang Lasalleome holds Efficiency (Sharpe) Ratio of -0.09, which attests that the entity had a -0.09% return per unit of risk over the last 3 months. Jones Lang Lasalleome exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Jones Lang's Market Risk Adjusted Performance of 2.21, standard deviation of 0.1845, and Risk Adjusted Performance of (0.11) to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of -0.0121, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Jones Lang are expected to decrease at a much lower rate. During the bear market, Jones Lang is likely to outperform the market.
Auto-correlation | -0.85 |
Excellent reverse predictability
Jones Lang Lasalleome has excellent reverse predictability. Overlapping area represents the amount of predictability between Jones Lang time series from 8th of October 2024 to 22nd of November 2024 and 22nd of November 2024 to 6th 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 Jones Lang Lasalleome price movement. The serial correlation of -0.85 indicates that around 85.0% of current Jones Lang price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.85 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Jones Lang Lasalleome lagged returns against current returns
Autocorrelation, which is Jones Lang 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 Jones Lang's fund expected returns. We can calculate the autocorrelation of Jones Lang returns to help us make a trade decision. For example, suppose you find that Jones Lang has exhibited high autocorrelation historically, and you observe that the 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 |
Jones Lang 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 Jones Lang fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jones Lang fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jones Lang fund over time.
Current vs Lagged Prices |
| Timeline |
Jones Lang Lagged Returns
When evaluating Jones Lang's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jones Lang fund have on its future price. Jones Lang 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, Jones Lang autocorrelation shows the relationship between Jones Lang fund current value and its past values and can show if there is a momentum factor associated with investing in Jones Lang Lasalleome.
Regressed Prices |
| Timeline |
Also Currently Popular
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| TRX | TRON | |
| BNB | Binance Coin |
Other Information on Investing in Jones Fund
Jones Lang financial ratios help investors to determine whether Jones 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 Jones with respect to the benefits of owning Jones Lang security.
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