Jp Morgan Exchange Traded Etf Price on December 21, 2023

JIRE Etf  USD 60.24  0.41  0.69%   
If you're considering investing in JIRE Etf, it is important to understand the factors that can impact its price. As of today, the current price of JP Morgan stands at 60.24, as last reported on the 23rd of December, with the highest price reaching 60.25 and the lowest price hitting 59.67 during the day. JP Morgan Exchange retains Efficiency (Sharpe Ratio) of -0.17, which attests that the entity had a -0.17% return per unit of price deviation over the last 3 months. JP Morgan exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out JP Morgan's Market Risk Adjusted Performance of (0.43), coefficient of variation of (602.75), and Information Ratio of (0.20) to validate the risk estimate we provide.
  
JIRE Etf price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.1713

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Negative ReturnsJIRE

Estimated Market Risk

 0.84
  actual daily
7
93% of assets are more volatile

Expected Return

 -0.14
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.17
  actual daily
0
Most of other assets perform better
Based on monthly moving average JP Morgan is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of JP Morgan by adding JP Morgan to a well-diversified portfolio.
Average Mkt Cap Mil
68.4 K

JP Morgan Valuation on December 21, 2023

It is possible to determine the worth of JP Morgan on a given historical date. On December 21, 2023 JIRE was worth 57.82 at the beginning of the trading date compared to the closed value of 57.96. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of JP Morgan etf. Still, in general, we apply an absolute valuation method to find JP Morgan's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of JP Morgan where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against JP Morgan's related companies.
 Open High Low Close Volume
  57.77    57.79    57.04    57.05    974,200  
12/21/2023
  57.82    58.13    57.56    57.96    94,600  
  58.24    58.24    57.91    58.09    336,900  
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Open Value
57.82
57.96
Closing Value
60.34
Upside

JP Morgan Trading Date Momentum on December 21, 2023

On December 22 2023 JP Morgan Exchange Traded was traded for  58.09  at the closing time. The top price for the day was 58.24  and the lowest listed price was  57.91 . The trading volume for the day was 336.9 K. The trading history from December 22, 2023 was a factor to the next trading day price growth. The trading delta at closing time against the next closing price was 0.22% . The trading delta at closing time against the current closing price is 0.17% .

JP Morgan Exchange Fundamentals Correlations and Trends

By evaluating JP Morgan's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among JP Morgan's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. JIRE financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About JP Morgan Etf history

JP Morgan investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for JIRE is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in JP Morgan Exchange will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing JP Morgan stock prices may prove useful in developing a viable investing in JP Morgan

JP Morgan Etf Technical Analysis

JP Morgan technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
A focus of JP Morgan technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of JP Morgan trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

JP Morgan Period Price Range

Low
December 23, 2024
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High

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JP Morgan Exchange Traded cannot be verified against its exchange. Please verify the symbol is currently traded on NYSE ARCA Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

JP Morgan December 23, 2024 Market Strength

Market strength indicators help investors to evaluate how JP Morgan etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading JP Morgan shares will generate the highest return on investment. By undertsting and applying JP Morgan etf market strength indicators, traders can identify JP Morgan Exchange Traded entry and exit signals to maximize returns

JP Morgan Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for JP Morgan's price direction in advance. Along with the technical and fundamental analysis of JIRE Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of JIRE to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
When determining whether JP Morgan Exchange is a strong investment it is important to analyze JP Morgan's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact JP Morgan's future performance. For an informed investment choice regarding JIRE Etf, refer to the following important reports:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in JP Morgan Exchange Traded. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
The market value of JP Morgan Exchange is measured differently than its book value, which is the value of JIRE that is recorded on the company's balance sheet. Investors also form their own opinion of JP Morgan's value that differs from its market value or its book value, called intrinsic value, which is JP Morgan'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 JP Morgan's market value can be influenced by many factors that don't directly affect JP Morgan'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 JP Morgan's value and its price as these two are different measures arrived at by different means. Investors typically determine if JP Morgan is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, JP Morgan'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.