Jpmorgan Alerian Mlp Etf Market Value
| AMJ Etf | USD 28.38 0.07 0.25% |
| Symbol | JPMorgan |
The market value of JPMorgan Alerian MLP is measured differently than its book value, which is the value of JPMorgan that is recorded on the company's balance sheet. Investors also form their own opinion of JPMorgan Alerian's value that differs from its market value or its book value, called intrinsic value, which is JPMorgan Alerian'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 JPMorgan Alerian's market value can be influenced by many factors that don't directly affect JPMorgan Alerian'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 JPMorgan Alerian's value and its price as these two are different measures arrived at by different means. Investors typically determine if JPMorgan Alerian is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, JPMorgan Alerian'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 Alerian '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 Alerian'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 JPMorgan Alerian.
| 05/05/2022 |
| 04/24/2024 |
If you would invest 0.00 in JPMorgan Alerian on May 5, 2022 and sell it all today you would earn a total of 0.00 from holding JPMorgan Alerian MLP or generate 0.0% return on investment in JPMorgan Alerian over 720 days. JPMorgan Alerian is related to or competes with Alerian MLP, WisdomTree Emerging, Global X, First Trust, and First Trust. The index tracks the performance of midstream energy Master Limited Partnerships More
JPMorgan Alerian 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 Alerian'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 JPMorgan Alerian MLP upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.88 | |||
| Information Ratio | 0.1191 | |||
| Maximum Drawdown | 3.49 | |||
| Value At Risk | (1.29) | |||
| Potential Upside | 1.39 |
JPMorgan Alerian Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for JPMorgan Alerian's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as JPMorgan Alerian's standard deviation. In reality, there are many statistical measures that can use JPMorgan Alerian historical prices to predict the future JPMorgan Alerian's volatility.| Risk Adjusted Performance | 0.1483 | |||
| Jensen Alpha | 0.1192 | |||
| Total Risk Alpha | 0.0706 | |||
| Sortino Ratio | 0.1126 | |||
| Treynor Ratio | 0.2413 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of JPMorgan Alerian'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 Alerian MLP Backtested Returns
We consider JPMorgan Alerian very steady. JPMorgan Alerian MLP holds Efficiency (Sharpe) Ratio of 0.19, which attests that the entity had a 0.19% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for JPMorgan Alerian MLP, which you can use to evaluate the volatility of the entity. Please check out JPMorgan Alerian's market risk adjusted performance of 0.2513, and Risk Adjusted Performance of 0.1483 to validate if the risk estimate we provide is consistent with the expected return of 0.15%. The etf retains a Market Volatility (i.e., Beta) of 0.76, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, JPMorgan Alerian's returns are expected to increase less than the market. However, during the bear market, the loss of holding JPMorgan Alerian is expected to be smaller as well.
Auto-correlation | 0.71 |
Good predictability
JPMorgan Alerian MLP has good predictability. Overlapping area represents the amount of predictability between JPMorgan Alerian time series from 5th of May 2022 to 30th of April 2023 and 30th of April 2023 to 24th of April 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 Alerian MLP price movement. The serial correlation of 0.71 indicates that around 71.0% of current JPMorgan Alerian price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 5.03 |
JPMorgan Alerian MLP lagged returns against current returns
Autocorrelation, which is JPMorgan Alerian 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 JPMorgan Alerian's etf expected returns. We can calculate the autocorrelation of JPMorgan Alerian returns to help us make a trade decision. For example, suppose you find that JPMorgan Alerian 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 |
JPMorgan Alerian 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 Alerian etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JPMorgan Alerian etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in JPMorgan Alerian etf over time.
Current vs Lagged Prices |
| Timeline |
JPMorgan Alerian Lagged Returns
When evaluating JPMorgan Alerian's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of JPMorgan Alerian etf have on its future price. JPMorgan Alerian 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 Alerian autocorrelation shows the relationship between JPMorgan Alerian etf current value and its past values and can show if there is a momentum factor associated with investing in JPMorgan Alerian MLP.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards JPMorgan Alerian in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, JPMorgan Alerian's short interest history, or implied volatility extrapolated from JPMorgan Alerian options trading.
Pair Trading with JPMorgan Alerian
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if JPMorgan Alerian position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in JPMorgan Alerian will appreciate offsetting losses from the drop in the long position's value.Moving together with JPMorgan Etf
| 0.96 | EMLP | First Trust North | PairCorr |
| 1.0 | MLPA | Global X MLP | PairCorr |
| 0.96 | MLPX | Global X MLP | PairCorr |
| 0.96 | TPYP | Tortoise North American | PairCorr |
The ability to find closely correlated positions to JPMorgan Alerian could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace JPMorgan Alerian when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back JPMorgan Alerian - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling JPMorgan Alerian MLP to buy it.
The correlation of JPMorgan Alerian is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as JPMorgan Alerian moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if JPMorgan Alerian MLP moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for JPMorgan Alerian can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out JPMorgan Alerian Correlation, JPMorgan Alerian Volatility and JPMorgan Alerian Alpha and Beta module to complement your research on JPMorgan Alerian. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
JPMorgan Alerian 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.