Jpmorgan Growth Advantage Fund Market Value
| JGASX Fund | USD 43.08 0.33 0.77% |
| Symbol | Jpmorgan |
Jpmorgan Growth '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 Jpmorgan Growth'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 Jpmorgan Growth.
| 06/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in Jpmorgan Growth on June 9, 2023 and sell it all today you would earn a total of 0.00 from holding Jpmorgan Growth Advantage or generate 0.0% return on investment in Jpmorgan Growth over 540 days. Jpmorgan Growth is related to or competes with Davis Financial, Davis Financial, Financials Ultrasector, Transamerica Financial, and John Hancock. The fund will invest primarily in common stocks of companies across all market capitalizations More
Jpmorgan Growth 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 Jpmorgan Growth'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 Jpmorgan Growth Advantage upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.25 | |||
| Information Ratio | 0.0173 | |||
| Maximum Drawdown | 5.1 | |||
| Value At Risk | (2.20) | |||
| Potential Upside | 1.56 |
Jpmorgan Growth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jpmorgan Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jpmorgan Growth's standard deviation. In reality, there are many statistical measures that can use Jpmorgan Growth historical prices to predict the future Jpmorgan Growth's volatility.| Risk Adjusted Performance | 0.1149 | |||
| Jensen Alpha | 0.0223 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0147 | |||
| Treynor Ratio | 0.1506 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Jpmorgan Growth'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.
Jpmorgan Growth Advantage Backtested Returns
Jpmorgan Growth appears to be very steady, given 3 months investment horizon. Jpmorgan Growth Advantage holds Efficiency (Sharpe) Ratio of 0.2, which attests that the entity had a 0.2% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Jpmorgan Growth Advantage, which you can use to evaluate the volatility of the entity. Please utilize Jpmorgan Growth's Market Risk Adjusted Performance of 0.1606, downside deviation of 1.25, and Risk Adjusted Performance of 0.1149 to validate if our risk estimates are consistent with your expectations. The fund retains a Market Volatility (i.e., Beta) of 0.97, which attests to possible diversification benefits within a given portfolio. Jpmorgan Growth returns are very sensitive to returns on the market. As the market goes up or down, Jpmorgan Growth is expected to follow.
Auto-correlation | 0.68 |
Good predictability
Jpmorgan Growth Advantage has good predictability. Overlapping area represents the amount of predictability between Jpmorgan Growth time series from 9th of June 2023 to 5th of March 2024 and 5th of March 2024 to 30th of November 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 Jpmorgan Growth Advantage price movement. The serial correlation of 0.68 indicates that around 68.0% of current Jpmorgan Growth price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 4.32 |
Jpmorgan Growth Advantage lagged returns against current returns
Autocorrelation, which is Jpmorgan Growth 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 Jpmorgan Growth's mutual fund expected returns. We can calculate the autocorrelation of Jpmorgan Growth returns to help us make a trade decision. For example, suppose you find that Jpmorgan Growth 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 |
Jpmorgan Growth 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 Jpmorgan Growth mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jpmorgan Growth mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jpmorgan Growth mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Jpmorgan Growth Lagged Returns
When evaluating Jpmorgan Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jpmorgan Growth mutual fund have on its future price. Jpmorgan Growth 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, Jpmorgan Growth autocorrelation shows the relationship between Jpmorgan Growth mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Jpmorgan Growth Advantage.
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 Jpmorgan Mutual Fund
Jpmorgan Growth financial ratios help investors to determine whether Jpmorgan 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 Jpmorgan with respect to the benefits of owning Jpmorgan Growth security.
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