Jpmorgan Small Cap Fund Market Value
Jpmorgan Small's market value is the price at which a share of Jpmorgan Small trades on a public exchange. It measures the collective expectations of Jpmorgan Small Cap investors about its performance. With this module, you can estimate the performance of a buy and hold strategy of Jpmorgan Small Cap and determine expected loss or profit from investing in Jpmorgan Small over a given investment horizon. Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
| Symbol | Jpmorgan |
Jpmorgan Small '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 Small'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 Jpmorgan Small.
| 06/04/2022 |
| 04/24/2024 |
If you would invest 0.00 in Jpmorgan Small on June 4, 2022 and sell it all today you would earn a total of 0.00 from holding Jpmorgan Small Cap or generate 0.0% return on investment in Jpmorgan Small over 690 days. Jpmorgan Small is related to or competes with Small Pany, Aam Select, Ab Value, Scharf Global, Arrow Managed, and Materials Portfolio. Under normal circumstances, the fund invests at least 80 percent of its assets in equity securities of small cap compani... More
Jpmorgan Small 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 Small'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 Jpmorgan Small Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.13 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 4.33 | |||
| Value At Risk | (1.66) | |||
| Potential Upside | 1.42 |
Jpmorgan Small Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jpmorgan Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jpmorgan Small's standard deviation. In reality, there are many statistical measures that can use Jpmorgan Small historical prices to predict the future Jpmorgan Small's volatility.| Risk Adjusted Performance | 0.0261 | |||
| Jensen Alpha | 0.0145 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.1993 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Jpmorgan Small'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 Small Cap Backtested Returns
We consider Jpmorgan Small very steady. Jpmorgan Small Cap holds Efficiency (Sharpe) Ratio of 0.0361, which attests that the entity had a 0.0361% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Jpmorgan Small Cap, which you can use to evaluate the volatility of the entity. Please check out Jpmorgan Small's Risk Adjusted Performance of 0.0261, downside deviation of 1.13, and Market Risk Adjusted Performance of 0.2093 to validate if the risk estimate we provide is consistent with the expected return of 0.0353%. The fund retains a Market Volatility (i.e., Beta) of 0.13, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Jpmorgan Small's returns are expected to increase less than the market. However, during the bear market, the loss of holding Jpmorgan Small is expected to be smaller as well.
Auto-correlation | 0.37 |
Below average predictability
Jpmorgan Small Cap has below average predictability. Overlapping area represents the amount of predictability between Jpmorgan Small time series from 4th of June 2022 to 15th of May 2023 and 15th of May 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 Small Cap price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Jpmorgan Small price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 9.09 |
Jpmorgan Small Cap lagged returns against current returns
Autocorrelation, which is Jpmorgan Small 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 Jpmorgan Small's mutual fund expected returns. We can calculate the autocorrelation of Jpmorgan Small returns to help us make a trade decision. For example, suppose you find that Jpmorgan Small 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 |
Jpmorgan Small 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 Small mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jpmorgan Small mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jpmorgan Small mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Jpmorgan Small Lagged Returns
When evaluating Jpmorgan Small's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jpmorgan Small mutual fund have on its future price. Jpmorgan Small 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 Small autocorrelation shows the relationship between Jpmorgan Small mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Jpmorgan Small Cap.
Regressed Prices |
| Timeline |
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Jpmorgan Small 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.