|Horizon||30 Days Login to change|
JM ST Market Sensitivity
|As returns on market increase, returns on owning JM ST are expected to decrease at a much smaller rate. During bear market, JM ST is likely to outperform the market.One Month Beta |Analyze JM ST Instl Demand TrendCheck current 30 days JM ST correlation with market (DOW)|
β = -0.0257
JM ST Instl Technical Analysis
JM ST Projected Return Density Against MarketAssuming 30 trading days horizon, JM ST Instl Fr Div has beta of -0.0257 . This indicates as returns on benchmark increase, returns on holding JM ST are expected to decrease at a much smaller rate. During bear market, however, JM ST Instl Fr Div is likely to outperform the market. Moreover, JM ST Instl Fr Div has an alpha of 0.0066 implying that it can potentially generate 0.0066% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
JM ST Return VolatilityJM ST Instl Fr Div accepts 0.0% volatility on return distribution over the 30 days horizon. DOW inherits 0.4168% risk (volatility on return distribution) over the 30 days horizon.