Our approach towards determining volatility of a fund is to use all available market data together with fund specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for JPMorgan Municipal which you can use to evaluate future volatility of the entity. Please check out JPMorgan Municipal Market Risk Adjusted Performance of
(3.21) and Risk Adjusted Performance of (0.25) to validate if risk estimate we provide are consistent with the epected return of 0.0%.
|Horizon||30 Days Login to change|
JPMorgan Municipal Market Sensitivity
|As returns on market increase, JPMorgan Municipal returns are expected to increase less than the market. However during bear market, the loss on holding JPMorgan Municipal will be expected to be smaller as well. 2 Months Beta |Analyze JPMorgan Municipal Demand TrendCheck current 30 days JPMorgan Municipal correlation with market (DOW)|
β = 0.0031
JPMorgan Municipal Central Daily Price Deviation
JPMorgan Municipal Technical Analysis
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JPMorgan Municipal Projected Return Density Against MarketAssuming 30 trading days horizon, JPMorgan Municipal has beta of 0.0031 . This implies as returns on market go up, JPMorgan Municipal average returns are expected to increase less than the benchmark. However during bear market, the loss on holding JPMorgan Municipal Income B will be expected to be much smaller as well. Additionally, The company has a negative alpha implying that the risk taken by holding this equity is not justified. JPMorgan Municipal is significantly underperforming DOW.
Predicted Return Density
|Alpha over DOW||=||0.01|
|Beta against DOW||=||0.0031|
JPMorgan Municipal Return Volatilitythe fund shows 0.0% volatility of returns over 30 trading days. the entity inherits 1.9256% risk (volatility on return distribution) over the 30 days horizon.
DOW has a standard deviation of returns of 1.93 and is 9.223372036854776E16 times more volatile than JPMorgan Municipal Income B. 0% of all equities and portfolios are less risky than JPMorgan Municipal. Compared to the overall equity markets, volatility of historical daily returns of JPMorgan Municipal Income B is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use JPMorgan Municipal Income B to enhance returns of your portfolios. The fund experiences normal upward fluctuation. Check odds of JPMorgan Municipal to be traded at $10.42 in 30 days. . As returns on market increase, JPMorgan Municipal returns are expected to increase less than the market. However during bear market, the loss on holding JPMorgan Municipal will be expected to be smaller as well.
JPMorgan Municipal correlation with market