Johnson Enhanced Return Fund Market Value
| JENHX Fund | USD 18.62 0.03 0.16% |
| Symbol | Johnson |
Johnson Enhanced '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 Johnson Enhanced'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 Johnson Enhanced.
| 12/10/2023 |
| 12/04/2024 |
If you would invest 0.00 in Johnson Enhanced on December 10, 2023 and sell it all today you would earn a total of 0.00 from holding Johnson Enhanced Return or generate 0.0% return on investment in Johnson Enhanced over 360 days. Johnson Enhanced is related to or competes with Johnson Core, Johnson Equity, Johnson Mutual, Johnson Institutional, Johnson Institutional, and Johnson Institutional. The fund invests in the large cap equity market by using SP 500 Index futures, combined with alpha generating short dura... More
Johnson Enhanced 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 Johnson Enhanced'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 Johnson Enhanced Return upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8085 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 3.79 | |||
| Value At Risk | (1.26) | |||
| Potential Upside | 1.13 |
Johnson Enhanced Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Johnson Enhanced's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Johnson Enhanced's standard deviation. In reality, there are many statistical measures that can use Johnson Enhanced historical prices to predict the future Johnson Enhanced's volatility.| Risk Adjusted Performance | 0.114 | |||
| Jensen Alpha | 0.1017 | |||
| Total Risk Alpha | 6.0E-4 | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 12.66 |
Johnson Enhanced Return Backtested Returns
At this stage we consider Johnson Mutual Fund to be very steady. Johnson Enhanced Return holds Efficiency (Sharpe) Ratio of 0.19, which attests that the entity had a 0.19% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Johnson Enhanced Return, which you can use to evaluate the volatility of the entity. Please check out Johnson Enhanced's Downside Deviation of 0.8085, market risk adjusted performance of 12.67, and Risk Adjusted Performance of 0.114 to validate if the risk estimate we provide is consistent with the expected return of 0.14%. The fund retains a Market Volatility (i.e., Beta) of 0.0081, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Johnson Enhanced's returns are expected to increase less than the market. However, during the bear market, the loss of holding Johnson Enhanced is expected to be smaller as well.
Auto-correlation | 0.73 |
Good predictability
Johnson Enhanced Return has good predictability. Overlapping area represents the amount of predictability between Johnson Enhanced time series from 10th of December 2023 to 7th of June 2024 and 7th of June 2024 to 4th 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 Johnson Enhanced Return price movement. The serial correlation of 0.73 indicates that around 73.0% of current Johnson Enhanced price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 0.4 |
Johnson Enhanced Return lagged returns against current returns
Autocorrelation, which is Johnson Enhanced 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 Johnson Enhanced's mutual fund expected returns. We can calculate the autocorrelation of Johnson Enhanced returns to help us make a trade decision. For example, suppose you find that Johnson Enhanced 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 |
Johnson Enhanced 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 Johnson Enhanced mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Johnson Enhanced mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Johnson Enhanced mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Johnson Enhanced Lagged Returns
When evaluating Johnson Enhanced's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Johnson Enhanced mutual fund have on its future price. Johnson Enhanced 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, Johnson Enhanced autocorrelation shows the relationship between Johnson Enhanced mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Johnson Enhanced Return.
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 Johnson Mutual Fund
Johnson Enhanced financial ratios help investors to determine whether Johnson 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 Johnson with respect to the benefits of owning Johnson Enhanced security.
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