James Alpha Global Fund Market Value
| JARIX Fund | USD 13.24 0.16 1.22% |
| Symbol | James |
James Alpha '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 James Alpha'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 James Alpha.
| 10/26/2023 |
| 04/23/2024 |
If you would invest 0.00 in James Alpha on October 26, 2023 and sell it all today you would earn a total of 0.00 from holding James Alpha Global or generate 0.0% return on investment in James Alpha over 180 days. James Alpha is related to or competes with James Alpha, Global Opportunity, and Guggenheim Macro. Under normal circumstances, the fund invests at least 80 percent of its net assets in real estate and real estate-relate... More
James Alpha 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 James Alpha'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 James Alpha Global upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 4.36 | |||
| Value At Risk | (1.59) | |||
| Potential Upside | 1.22 |
James Alpha Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for James Alpha's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as James Alpha's standard deviation. In reality, there are many statistical measures that can use James Alpha historical prices to predict the future James Alpha's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | (0.06) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of James Alpha'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.
James Alpha Global Backtested Returns
James Alpha Global holds Efficiency (Sharpe) Ratio of -0.0867, which attests that the entity had a -0.0867% return per unit of risk over the last 3 months. James Alpha Global exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out James Alpha's Risk Adjusted Performance of (0.04), standard deviation of 0.8704, and Market Risk Adjusted Performance of (0.05) to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of 1.13, which attests to a somewhat significant risk relative to the market. James Alpha returns are very sensitive to returns on the market. As the market goes up or down, James Alpha is expected to follow.
Auto-correlation | -0.25 |
Weak reverse predictability
James Alpha Global has weak reverse predictability. Overlapping area represents the amount of predictability between James Alpha time series from 26th of October 2023 to 24th of January 2024 and 24th of January 2024 to 23rd 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 James Alpha Global price movement. The serial correlation of -0.25 indicates that over 25.0% of current James Alpha price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
James Alpha Global lagged returns against current returns
Autocorrelation, which is James Alpha 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 James Alpha's mutual fund expected returns. We can calculate the autocorrelation of James Alpha returns to help us make a trade decision. For example, suppose you find that James Alpha 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 |
James Alpha 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 James Alpha mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if James Alpha mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in James Alpha mutual fund over time.
Current vs Lagged Prices |
| Timeline |
James Alpha Lagged Returns
When evaluating James Alpha's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of James Alpha mutual fund have on its future price. James Alpha 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, James Alpha autocorrelation shows the relationship between James Alpha mutual fund current value and its past values and can show if there is a momentum factor associated with investing in James Alpha Global.
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 James Alpha 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, James Alpha's short interest history, or implied volatility extrapolated from James Alpha options trading.
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James Alpha technical mutual fund 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, fund market cycles, or different charting patterns.