Johnson Equity Income Fund Market Value
| JEQSX Fund | 39.91 0.03 0.08% |
| Symbol | Johnson |
Johnson Equity '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 Equity'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 Equity.
| 10/05/2024 |
| 12/04/2024 |
If you would invest 0.00 in Johnson Equity on October 5, 2024 and sell it all today you would earn a total of 0.00 from holding Johnson Equity Income or generate 0.0% return on investment in Johnson Equity over 60 days. Johnson Equity is related to or competes with Johnson Core, Johnson Enhanced, Johnson Mutual, Johnson Institutional, Johnson Institutional, and Johnson Institutional. The fund invests primarily in equity securities of larger-sized U.S More
Johnson Equity 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 Equity'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 Equity Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6089 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 3.04 | |||
| Value At Risk | (0.82) | |||
| Potential Upside | 0.9254 |
Johnson Equity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Johnson Equity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Johnson Equity's standard deviation. In reality, there are many statistical measures that can use Johnson Equity historical prices to predict the future Johnson Equity's volatility.| Risk Adjusted Performance | 0.0754 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.0729 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Johnson Equity'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.
Johnson Equity Income Backtested Returns
At this stage we consider Johnson Mutual Fund to be very steady. Johnson Equity Income holds Efficiency (Sharpe) Ratio of 0.15, which attests that the entity had a 0.15% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Johnson Equity Income, which you can use to evaluate the volatility of the entity. Please check out Johnson Equity's Market Risk Adjusted Performance of 0.0829, downside deviation of 0.6089, and Risk Adjusted Performance of 0.0754 to validate if the risk estimate we provide is consistent with the expected return of 0.0888%. The fund retains a Market Volatility (i.e., Beta) of 0.72, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Johnson Equity's returns are expected to increase less than the market. However, during the bear market, the loss of holding Johnson Equity is expected to be smaller as well.
Auto-correlation | -0.2 |
Insignificant reverse predictability
Johnson Equity Income has insignificant reverse predictability. Overlapping area represents the amount of predictability between Johnson Equity time series from 5th of October 2024 to 4th of November 2024 and 4th of November 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 Equity Income price movement. The serial correlation of -0.2 indicates that over 20.0% of current Johnson Equity price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.31 |
Johnson Equity Income lagged returns against current returns
Autocorrelation, which is Johnson Equity 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 Equity's mutual fund expected returns. We can calculate the autocorrelation of Johnson Equity returns to help us make a trade decision. For example, suppose you find that Johnson Equity 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 Equity 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 Equity mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Johnson Equity 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 Equity mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Johnson Equity Lagged Returns
When evaluating Johnson Equity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Johnson Equity mutual fund have on its future price. Johnson Equity 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 Equity autocorrelation shows the relationship between Johnson Equity mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Johnson Equity Income.
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 Equity 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 Equity security.
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