Jpmorgan Managed Income Fund Market Value
| JMGIX Fund | USD 10.00 0.00 0.00% |
| Symbol | Jpmorgan |
Jpmorgan Managed '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 Jpmorgan Managed'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 Jpmorgan Managed.
| 01/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Jpmorgan Managed on January 26, 2024 and sell it all today you would earn a total of 0.00 from holding Jpmorgan Managed Income or generate 0.0% return on investment in Jpmorgan Managed over 90 days. Jpmorgan Managed is related to or competes with Virtus Global, Allianzgi Mid-cap, Virtus Select, and Virtus Rampart. The fund mainly invests in investment grade, U.S More
Jpmorgan Managed 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 Jpmorgan Managed'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 Jpmorgan Managed Income upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.81) | |||
| Maximum Drawdown | 0.6048 | |||
| Value At Risk | (0.10) | |||
| Potential Upside | 0.1009 |
Jpmorgan Managed Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jpmorgan Managed's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jpmorgan Managed's standard deviation. In reality, there are many statistical measures that can use Jpmorgan Managed historical prices to predict the future Jpmorgan Managed's volatility.| Risk Adjusted Performance | 0.0647 | |||
| Jensen Alpha | 0.0062 | |||
| Total Risk Alpha | (0) | |||
| Treynor Ratio | 0.3389 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Jpmorgan Managed'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.
Jpmorgan Managed Backtested Returns
We consider Jpmorgan Managed very steady. Jpmorgan Managed holds Efficiency (Sharpe) Ratio of 0.2, which attests that the entity had a 0.2% return per unit of risk over the last 3 months. We have found nineteen technical indicators for Jpmorgan Managed, which you can use to evaluate the volatility of the entity. Please check out Jpmorgan Managed's Standard Deviation of 0.0951, market risk adjusted performance of 0.3489, and Risk Adjusted Performance of 0.0647 to validate if the risk estimate we provide is consistent with the expected return of 0.0195%. The fund retains a Market Volatility (i.e., Beta) of 0.0246, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Jpmorgan Managed's returns are expected to increase less than the market. However, during the bear market, the loss of holding Jpmorgan Managed is expected to be smaller as well.
Auto-correlation | 0.40 |
Average predictability
Jpmorgan Managed Income has average predictability. Overlapping area represents the amount of predictability between Jpmorgan Managed time series from 26th of January 2024 to 11th of March 2024 and 11th of March 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 Jpmorgan Managed price movement. The serial correlation of 0.4 indicates that just about 40.0% of current Jpmorgan Managed price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.4 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Jpmorgan Managed lagged returns against current returns
Autocorrelation, which is Jpmorgan Managed 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 Jpmorgan Managed's mutual fund expected returns. We can calculate the autocorrelation of Jpmorgan Managed returns to help us make a trade decision. For example, suppose you find that Jpmorgan Managed 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 |
Jpmorgan Managed 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 Jpmorgan Managed mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jpmorgan Managed mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jpmorgan Managed mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Jpmorgan Managed Lagged Returns
When evaluating Jpmorgan Managed's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jpmorgan Managed mutual fund have on its future price. Jpmorgan Managed 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, Jpmorgan Managed autocorrelation shows the relationship between Jpmorgan Managed mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Jpmorgan Managed Income.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Jpmorgan Managed in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Jpmorgan Managed's short interest history, or implied volatility extrapolated from Jpmorgan Managed options trading.
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Jpmorgan Managed 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.