Jhancock Multi Index 2065 Fund Market Value
| JAAFX Fund | USD 13.76 0.03 0.22% |
| Symbol | Jhancock |
Jhancock Multi-index '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 Jhancock Multi-index'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 Jhancock Multi-index.
| 04/20/2024 |
| 05/20/2024 |
If you would invest 0.00 in Jhancock Multi-index on April 20, 2024 and sell it all today you would earn a total of 0.00 from holding Jhancock Multi Index 2065 or generate 0.0% return on investment in Jhancock Multi-index over 30 days. Jhancock Multi-index is related to or competes with American Funds, HUMANA, Barloworld, Morningstar Unconstrained, High Yield, Thrivent High, and Via Renewables. Under normal market conditions, the fund invests substantially all of its assets in underlying funds using an asset allo... More
Jhancock Multi-index 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 Jhancock Multi-index'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 Jhancock Multi Index 2065 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6362 | |||
| Information Ratio | 8.0E-4 | |||
| Maximum Drawdown | 2.98 | |||
| Value At Risk | (1.06) | |||
| Potential Upside | 1.06 |
Jhancock Multi-index Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jhancock Multi-index's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jhancock Multi-index's standard deviation. In reality, there are many statistical measures that can use Jhancock Multi-index historical prices to predict the future Jhancock Multi-index's volatility.| Risk Adjusted Performance | 0.0905 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 8.0E-4 | |||
| Treynor Ratio | 0.0866 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Jhancock Multi-index'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.
Jhancock Multi Index Backtested Returns
We consider Jhancock Multi-index very steady. Jhancock Multi Index holds Efficiency (Sharpe) Ratio of 0.15, which attests that the entity had a 0.15% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Jhancock Multi Index, which you can use to evaluate the volatility of the entity. Please check out Jhancock Multi-index's Downside Deviation of 0.6362, market risk adjusted performance of 0.0966, and Risk Adjusted Performance of 0.0905 to validate if the risk estimate we provide is consistent with the expected return of 0.0994%. The fund retains a Market Volatility (i.e., Beta) of 1.04, which attests to a somewhat significant risk relative to the market. Jhancock Multi-index returns are very sensitive to returns on the market. As the market goes up or down, Jhancock Multi-index is expected to follow.
Auto-correlation | 0.47 |
Average predictability
Jhancock Multi Index 2065 has average predictability. Overlapping area represents the amount of predictability between Jhancock Multi-index time series from 20th of April 2024 to 5th of May 2024 and 5th of May 2024 to 20th of May 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 Jhancock Multi Index price movement. The serial correlation of 0.47 indicates that about 47.0% of current Jhancock Multi-index price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Jhancock Multi Index lagged returns against current returns
Autocorrelation, which is Jhancock Multi-index 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 Jhancock Multi-index's mutual fund expected returns. We can calculate the autocorrelation of Jhancock Multi-index returns to help us make a trade decision. For example, suppose you find that Jhancock Multi-index 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 |
Jhancock Multi-index 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 Jhancock Multi-index mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jhancock Multi-index mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jhancock Multi-index mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Jhancock Multi-index Lagged Returns
When evaluating Jhancock Multi-index's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jhancock Multi-index mutual fund have on its future price. Jhancock Multi-index 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, Jhancock Multi-index autocorrelation shows the relationship between Jhancock Multi-index mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Jhancock Multi Index 2065.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out Jhancock Multi-index Correlation, Jhancock Multi-index Volatility and Jhancock Multi-index Alpha and Beta module to complement your research on Jhancock Multi-index. Note that the Jhancock Multi Index information on this page should be used as a complementary analysis to other Jhancock Multi-index's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Stocks Directory module to find actively traded stocks across global markets.
Jhancock Multi-index 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.