China Emerging Leaders Fund Market Value
| JHCIX Fund | USD 11.62 0.14 1.19% |
| Symbol | China |
Please note, there is a significant difference between China Emerging's value and its price as these two are different measures arrived at by different means. Investors typically determine if China Emerging is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, China Emerging'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.
China Emerging '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 China Emerging'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 China Emerging.
| 09/20/2024 |
| 12/19/2024 |
If you would invest 0.00 in China Emerging on September 20, 2024 and sell it all today you would earn a total of 0.00 from holding China Emerging Leaders or generate 0.0% return on investment in China Emerging over 90 days. China Emerging is related to or competes with Vanguard Total, Vanguard 500, Vanguard Total, Vanguard Total, Vanguard Total, Vanguard Total, and Vanguard 500. China Emerging is entity of United States More
China Emerging 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 China Emerging'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 China Emerging Leaders upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 1.54 | |||
| Value At Risk | (0.42) | |||
| Potential Upside | 0.4237 |
China Emerging Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Emerging's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Emerging's standard deviation. In reality, there are many statistical measures that can use China Emerging historical prices to predict the future China Emerging's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | (0.56) |
China Emerging Leaders Backtested Returns
China Emerging Leaders secures Sharpe Ratio (or Efficiency) of -0.14, which signifies that the fund had a -0.14% return per unit of risk over the last 3 months. China Emerging Leaders exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm China Emerging's Mean Deviation of 0.2351, standard deviation of 0.3073, and Risk Adjusted Performance of (0.09) to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.07, which signifies not very significant fluctuations relative to the market. As returns on the market increase, China Emerging's returns are expected to increase less than the market. However, during the bear market, the loss of holding China Emerging is expected to be smaller as well.
Auto-correlation | -0.44 |
Modest reverse predictability
China Emerging Leaders has modest reverse predictability. Overlapping area represents the amount of predictability between China Emerging time series from 20th of September 2024 to 4th of November 2024 and 4th of November 2024 to 19th 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 China Emerging Leaders price movement. The serial correlation of -0.44 indicates that just about 44.0% of current China Emerging price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
China Emerging Leaders lagged returns against current returns
Autocorrelation, which is China Emerging 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 China Emerging's mutual fund expected returns. We can calculate the autocorrelation of China Emerging returns to help us make a trade decision. For example, suppose you find that China Emerging 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 |
China Emerging 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 China Emerging mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Emerging mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Emerging mutual fund over time.
Current vs Lagged Prices |
| Timeline |
China Emerging Lagged Returns
When evaluating China Emerging's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Emerging mutual fund have on its future price. China Emerging 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, China Emerging autocorrelation shows the relationship between China Emerging mutual fund current value and its past values and can show if there is a momentum factor associated with investing in China Emerging Leaders.
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 China Mutual Fund
China Emerging financial ratios help investors to determine whether China 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 China with respect to the benefits of owning China Emerging security.
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