Jhancock Multi Index 2065 Fund Market Value
| JAAJX Fund | USD 13.13 0.14 1.08% |
| Symbol | Jhancock |
Jhancock Multi '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'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.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Jhancock Multi on March 26, 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 over 30 days. Jhancock Multi is related to or competes with Pace Municipal, Baird Strategic, National Tax, Gamco Global, and T Rowe. Under normal market conditions, the fund invests substantially all of its assets in underlying funds using an asset allo... More
Jhancock Multi 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'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 | 0.6961 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 2.96 | |||
| Value At Risk | (1.17) | |||
| Potential Upside | 1.08 |
Jhancock Multi Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jhancock Multi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jhancock Multi's standard deviation. In reality, there are many statistical measures that can use Jhancock Multi historical prices to predict the future Jhancock Multi's volatility.| Risk Adjusted Performance | 0.0653 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0588 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Jhancock Multi'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 very steady. Jhancock Multi Index holds Efficiency (Sharpe) Ratio of 0.0811, which attests that the entity had a 0.0811% 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's Risk Adjusted Performance of 0.0653, downside deviation of 0.6961, and Market Risk Adjusted Performance of 0.0688 to validate if the risk estimate we provide is consistent with the expected return of 0.0547%. The fund retains a Market Volatility (i.e., Beta) of 0.99, which attests to possible diversification benefits within a given portfolio. Jhancock Multi returns are very sensitive to returns on the market. As the market goes up or down, Jhancock Multi is expected to follow.
Auto-correlation | 0.42 |
Average predictability
Jhancock Multi Index 2065 has average predictability. Overlapping area represents the amount of predictability between Jhancock Multi time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th 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 Jhancock Multi Index price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Jhancock Multi price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Jhancock Multi Index lagged returns against current returns
Autocorrelation, which is Jhancock Multi 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's mutual fund expected returns. We can calculate the autocorrelation of Jhancock Multi returns to help us make a trade decision. For example, suppose you find that Jhancock Multi 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 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 mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jhancock Multi 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 mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Jhancock Multi Lagged Returns
When evaluating Jhancock Multi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jhancock Multi mutual fund have on its future price. Jhancock Multi 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 autocorrelation shows the relationship between Jhancock Multi 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 |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Jhancock Multi Correlation, Jhancock Multi Volatility and Jhancock Multi Alpha and Beta module to complement your research on Jhancock Multi. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Jhancock Multi 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.