Alternative Asset Allocation Fund Market Value

JAAAX Fund  USD 16.24  0.06  0.37%   
Alternative Asset's market value is the price at which a share of Alternative Asset trades on a public exchange. It measures the collective expectations of Alternative Asset Allocation investors about its performance. Alternative Asset is trading at 16.24 as of the 5th of December 2024; that is 0.37% up since the beginning of the trading day. The fund's open price was 16.18.
With this module, you can estimate the performance of a buy and hold strategy of Alternative Asset Allocation and determine expected loss or profit from investing in Alternative Asset over a given investment horizon. Check out Alternative Asset Correlation, Alternative Asset Volatility and Alternative Asset Alpha and Beta module to complement your research on Alternative Asset.
Symbol

Please note, there is a significant difference between Alternative Asset's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alternative Asset is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alternative Asset'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.

Alternative Asset '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 Alternative Asset'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 Alternative Asset.
0.00
11/05/2024
No Change 0.00  0.0 
In 30 days
12/05/2024
0.00
If you would invest  0.00  in Alternative Asset on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Alternative Asset Allocation or generate 0.0% return on investment in Alternative Asset over 30 days. Alternative Asset is related to or competes with John Hancock, John Hancock, Strategic Income, Multimanager Lifestyle, and John Hancock. The fund allocates its assets among other affiliated and unaffiliated underlying funds, including exchange-traded funds , that emphasize alternative or nontraditional asset categories or investment strategies such as international small-cap stocks, emerging-market equity, commodities, market neutral , global real estate, natural resources, TIPS , global bonds, high yield, bank loans, foreign currency trading strategies, absolute return strategies, managed futures, arbitrage strategies, tactical investment strategies, and emerging-market debt. More

Alternative Asset 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 Alternative Asset'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 Alternative Asset Allocation upside and downside potential and time the market with a certain degree of confidence.

Alternative Asset Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Alternative Asset's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alternative Asset's standard deviation. In reality, there are many statistical measures that can use Alternative Asset historical prices to predict the future Alternative Asset's volatility.
Hype
Prediction
LowEstimatedHigh
16.0416.2416.44
Details
Intrinsic
Valuation
LowRealHigh
16.0016.2016.40
Details
Naive
Forecast
LowNextHigh
16.1016.3016.50
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
16.1016.1616.22
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Alternative Asset. Your research has to be compared to or analyzed against Alternative Asset's peers to derive any actionable benefits. When done correctly, Alternative Asset's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Alternative Asset.

Alternative Asset Backtested Returns

At this stage we consider ALTERNATIVE Mutual Fund to be very steady. Alternative Asset secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that the fund had a 0.17% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Alternative Asset Allocation, which you can use to evaluate the volatility of the entity. Please confirm Alternative Asset's Risk Adjusted Performance of 0.0769, mean deviation of 0.1544, and Downside Deviation of 0.2401 to double-check if the risk estimate we provide is consistent with the expected return of 0.0338%. The fund shows a Beta (market volatility) of 0.0239, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Alternative Asset's returns are expected to increase less than the market. However, during the bear market, the loss of holding Alternative Asset is expected to be smaller as well.

Auto-correlation

    
  0.12  

Insignificant predictability

Alternative Asset Allocation has insignificant predictability. Overlapping area represents the amount of predictability between Alternative Asset time series from 5th of November 2024 to 20th of November 2024 and 20th of November 2024 to 5th 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 Alternative Asset price movement. The serial correlation of 0.12 indicates that less than 12.0% of current Alternative Asset price fluctuation can be explain by its past prices.
Correlation Coefficient0.12
Spearman Rank Test0.03
Residual Average0.0
Price Variance0.0

Alternative Asset lagged returns against current returns

Autocorrelation, which is Alternative Asset 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 Alternative Asset's mutual fund expected returns. We can calculate the autocorrelation of Alternative Asset returns to help us make a trade decision. For example, suppose you find that Alternative Asset 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  

Alternative Asset 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 Alternative Asset mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alternative Asset mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alternative Asset mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Alternative Asset Lagged Returns

When evaluating Alternative Asset's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alternative Asset mutual fund have on its future price. Alternative Asset 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, Alternative Asset autocorrelation shows the relationship between Alternative Asset mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Alternative Asset Allocation.
   Regressed Prices   
       Timeline  

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Other Information on Investing in ALTERNATIVE Mutual Fund

Alternative Asset financial ratios help investors to determine whether ALTERNATIVE 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 ALTERNATIVE with respect to the benefits of owning Alternative Asset security.
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