Jpmorgan Growth Advantage Fund Market Value

JGVVX Fund  USD 46.60  0.31  0.67%   
Jpmorgan Growth's market value is the price at which a share of Jpmorgan Growth trades on a public exchange. It measures the collective expectations of Jpmorgan Growth Advantage investors about its performance. Jpmorgan Growth is trading at 46.60 as of the 9th of December 2024; that is 0.67% up since the beginning of the trading day. The fund's open price was 46.29.
With this module, you can estimate the performance of a buy and hold strategy of Jpmorgan Growth Advantage and determine expected loss or profit from investing in Jpmorgan Growth over a given investment horizon. Check out Jpmorgan Growth Correlation, Jpmorgan Growth Volatility and Jpmorgan Growth Alpha and Beta module to complement your research on Jpmorgan Growth.
Symbol

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

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.
0.00
12/20/2022
No Change 0.00  0.0 
In 1 year 11 months and 21 days
12/09/2024
0.00
If you would invest  0.00  in Jpmorgan Growth on December 20, 2022 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 720 days. Jpmorgan Growth is related to or competes with T Rowe, Ishares Municipal, Nuveen Minnesota, Blrc Sgy, Pace Municipal, Vanguard California, and T Rowe. 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.

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.
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.
Hype
Prediction
LowEstimatedHigh
45.6746.6047.53
Details
Intrinsic
Valuation
LowRealHigh
41.9450.0250.95
Details
Naive
Forecast
LowNextHigh
46.0947.0247.95
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
43.5645.1746.77
Details

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 0.27, which attests that the entity had a 0.27% 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 Risk Adjusted Performance of 0.1796, market risk adjusted performance of 0.2663, and Downside Deviation of 1.14 to validate if our risk estimates are consistent with your expectations. The fund retains a Market Volatility (i.e., Beta) of 0.88, 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

    
  0.87  

Very good predictability

Jpmorgan Growth Advantage has very good predictability. Overlapping area represents the amount of predictability between Jpmorgan Growth time series from 20th of December 2022 to 15th of December 2023 and 15th of December 2023 to 9th 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 Jpmorgan Growth Advantage price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current Jpmorgan Growth price fluctuation can be explain by its past prices.
Correlation Coefficient0.87
Spearman Rank Test0.81
Residual Average0.0
Price Variance9.91

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  

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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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