Johcm Emerging Markets Fund Market Value
| JOEAX Fund | USD 11.66 0.04 0.34% |
| Symbol | Johcm |
Johcm 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 Johcm 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 Johcm Emerging.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Johcm Emerging on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Johcm Emerging Markets or generate 0.0% return on investment in Johcm Emerging over 360 days. Johcm Emerging is related to or competes with Johcm International, Ariel International, Amg River, and Pzena Emerging. The fund invests, under normal circumstances, at least 80 percent of its net assets in equity securities of companies lo... More
Johcm 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 Johcm 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 Johcm Emerging Markets upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9857 | |||
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 5.82 | |||
| Value At Risk | (1.46) | |||
| Potential Upside | 1.77 |
Johcm Emerging Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Johcm Emerging's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Johcm Emerging's standard deviation. In reality, there are many statistical measures that can use Johcm Emerging historical prices to predict the future Johcm Emerging's volatility.| Risk Adjusted Performance | 0.027 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | 0.1104 |
Johcm Emerging Markets Backtested Returns
At this stage we consider Johcm Mutual Fund to be very steady. Johcm Emerging Markets holds Efficiency (Sharpe) Ratio of 0.0525, which attests that the entity had a 0.0525% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Johcm Emerging Markets, which you can use to evaluate the volatility of the entity. Please check out Johcm Emerging's Market Risk Adjusted Performance of 0.1204, risk adjusted performance of 0.027, and Downside Deviation of 0.9857 to validate if the risk estimate we provide is consistent with the expected return of 0.0526%. The fund retains a Market Volatility (i.e., Beta) of 0.2, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Johcm Emerging's returns are expected to increase less than the market. However, during the bear market, the loss of holding Johcm Emerging is expected to be smaller as well.
Auto-correlation | 0.56 |
Modest predictability
Johcm Emerging Markets has modest predictability. Overlapping area represents the amount of predictability between Johcm Emerging time series from 7th of December 2023 to 4th of June 2024 and 4th of June 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 Johcm Emerging Markets price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Johcm Emerging price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
Johcm Emerging Markets lagged returns against current returns
Autocorrelation, which is Johcm 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 Johcm Emerging's mutual fund expected returns. We can calculate the autocorrelation of Johcm Emerging returns to help us make a trade decision. For example, suppose you find that Johcm 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 |
Johcm 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 Johcm Emerging mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Johcm 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 Johcm Emerging mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Johcm Emerging Lagged Returns
When evaluating Johcm Emerging's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Johcm Emerging mutual fund have on its future price. Johcm 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, Johcm Emerging autocorrelation shows the relationship between Johcm Emerging mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Johcm Emerging Markets.
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 Johcm Mutual Fund
Johcm Emerging financial ratios help investors to determine whether Johcm 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 Johcm with respect to the benefits of owning Johcm Emerging security.
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