Janus Henderson Mortgage Backed Etf Market Value
| JMBS Etf | USD 45.44 0.21 0.46% |
| Symbol | Janus |
The market value of Janus Henderson Mort is measured differently than its book value, which is the value of Janus that is recorded on the company's balance sheet. Investors also form their own opinion of Janus Henderson's value that differs from its market value or its book value, called intrinsic value, which is Janus Henderson's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Janus Henderson's market value can be influenced by many factors that don't directly affect Janus Henderson's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Janus Henderson's value and its price as these two are different measures arrived at by different means. Investors typically determine if Janus Henderson is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Janus Henderson'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.
Janus Henderson '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 Janus Henderson's etf 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 Janus Henderson.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Janus Henderson on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Janus Henderson Mortgage Backed or generate 0.0% return on investment in Janus Henderson over 30 days. Janus Henderson is related to or competes with Janus Henderson, IShares CMBS, Janus Detroit, and Alpha Architect. The fund seeks to achieve its investment objective by investing mainly in mortgage-related instruments More
Janus Henderson 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 Janus Henderson's etf 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 Janus Henderson Mortgage Backed upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.42) | |||
| Maximum Drawdown | 1.59 | |||
| Value At Risk | (0.47) | |||
| Potential Upside | 0.5473 |
Janus Henderson Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Janus Henderson's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Janus Henderson's standard deviation. In reality, there are many statistical measures that can use Janus Henderson historical prices to predict the future Janus Henderson's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | 0.3223 |
Janus Henderson Mort Backtested Returns
Janus Henderson Mort holds Efficiency (Sharpe) Ratio of -0.0454, which attests that the entity had a -0.0454% return per unit of risk over the last 3 months. Janus Henderson Mort exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Janus Henderson's Standard Deviation of 0.3584, risk adjusted performance of (0.04), and Market Risk Adjusted Performance of 0.3323 to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of -0.0713, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Janus Henderson are expected to decrease at a much lower rate. During the bear market, Janus Henderson is likely to outperform the market.
Auto-correlation | -0.01 |
Very weak reverse predictability
Janus Henderson Mortgage Backed has very weak reverse predictability. Overlapping area represents the amount of predictability between Janus Henderson time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Janus Henderson Mort price movement. The serial correlation of -0.01 indicates that just 1.0% of current Janus Henderson price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Janus Henderson Mort lagged returns against current returns
Autocorrelation, which is Janus Henderson etf'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 Janus Henderson's etf expected returns. We can calculate the autocorrelation of Janus Henderson returns to help us make a trade decision. For example, suppose you find that Janus Henderson has exhibited high autocorrelation historically, and you observe that the etf 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 |
Janus Henderson 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 Janus Henderson etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Janus Henderson etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Janus Henderson etf over time.
Current vs Lagged Prices |
| Timeline |
Janus Henderson Lagged Returns
When evaluating Janus Henderson's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Janus Henderson etf have on its future price. Janus Henderson 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, Janus Henderson autocorrelation shows the relationship between Janus Henderson etf current value and its past values and can show if there is a momentum factor associated with investing in Janus Henderson Mortgage Backed.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Check out Janus Henderson Correlation, Janus Henderson Volatility and Janus Henderson Alpha and Beta module to complement your research on Janus Henderson. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Janus Henderson technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.