JPMorgan Ultra Related Correlations
JPST Etf | USD 50.46 0.02 0.04% |
The market value of JPMorgan Ultra-Short 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 Ultra's value that differs from its market value or its book value, called intrinsic value, which is JPMorgan Ultra'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 Ultra's market value can be influenced by many factors that don't directly affect JPMorgan Ultra'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 Ultra's value and its price as these two are different measures arrived at by different means. Investors typically determine if JPMorgan Ultra is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, JPMorgan Ultra'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.
Correlations
MBBB | MBSF | CA | IG | VCEB | MINT | VCIT | VCLT | VCRB | ||
MBBB | 0.0 | 0.44 | 0.93 | 0.96 | -0.15 | 0.97 | 0.87 | 0.92 | MBBB | |
MBSF | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | MBSF | |
CA | 0.44 | 0.0 | 0.44 | 0.46 | 0.2 | 0.52 | 0.36 | 0.56 | CA | |
IG | 0.93 | 0.0 | 0.44 | 0.96 | -0.4 | 0.95 | 0.95 | 0.94 | IG | |
VCEB | 0.96 | 0.0 | 0.46 | 0.96 | -0.29 | 0.97 | 0.94 | 0.95 | VCEB | |
MINT | -0.15 | 0.0 | 0.2 | -0.4 | -0.29 | -0.2 | -0.58 | -0.3 | MINT | |
VCIT | 0.97 | 0.0 | 0.52 | 0.95 | 0.97 | -0.2 | 0.9 | 0.97 | VCIT | |
VCLT | 0.87 | 0.0 | 0.36 | 0.95 | 0.94 | -0.58 | 0.9 | 0.92 | VCLT | |
VCRB | 0.92 | 0.0 | 0.56 | 0.94 | 0.95 | -0.3 | 0.97 | 0.92 | VCRB | |
MBBB | MBSF | CA | IG | VCEB | MINT | VCIT | VCLT | VCRB |
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
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JPMorgan Ultra Constituents Risk-Adjusted Indicators
There is a big difference between JPMorgan Etf performing well and JPMorgan Ultra ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze JPMorgan Ultra's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
MBBB | 0.26 | (0.04) | (0.36) | 0.00 | 0.31 | 0.57 | 1.52 | |||
MBSF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
CA | 0.14 | (0.02) | 0.00 | (0.09) | 0.00 | 0.32 | 1.26 | |||
IG | 0.33 | (0.06) | 0.00 | (0.04) | 0.00 | 0.64 | 1.65 | |||
VCEB | 0.26 | (0.05) | (0.38) | (0.03) | 0.35 | 0.45 | 1.51 | |||
MINT | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.07 | 0.09 | |||
VCIT | 0.28 | (0.04) | (0.36) | (0.02) | 0.35 | 0.50 | 1.62 | |||
VCLT | 0.51 | (0.10) | 0.00 | (0.05) | 0.00 | 0.96 | 3.03 | |||
VCRB | 0.27 | (0.05) | 0.00 | (0.04) | 0.00 | 0.51 | 1.65 |