Jpmorgan Ultra Short Municipal Etf Profile
| JMST Etf | USD 50.66 0.01 0.02% |
Performance9 of 100
| Odds Of DistressLess than 9
|
JPMorgan Ultra is selling for under 50.66 as of the 18th of April 2024; that is 0.02 percent up since the beginning of the trading day. The etf's last reported lowest price was 50.64. JPMorgan Ultra has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat ok performance during the last 90 days. Equity ratings for JPMorgan Ultra Short Municipal are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 24th of April 2023 and ending today, the 18th of April 2024. Click here to learn more.
Under normal circumstances, the fund invests at least 80 percent of its assets in municipal securities, the income from which is exempt from federal income tax. JPM Ultra-Short is traded on BATS Exchange in the United States. More on JPMorgan Ultra Short Municipal
Moving together with JPMorgan Etf
| 0.9 | SUB | iShares Short Term | PairCorr |
| 0.78 | SHM | SPDR Nuveen Bloomberg | PairCorr |
| 0.76 | DFNM | Dimensional ETF Trust | PairCorr |
| 1.0 | MEAR | iShares Short Maturity | PairCorr |
| 0.88 | FSMB | First Trust Short | PairCorr |
| 0.86 | SMB | VanEck Short Muni | PairCorr |
JPMorgan Etf Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. JPMorgan Ultra's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding JPMorgan Ultra or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Thematic Ideas | (View all Themes) |
| Business Concentration | Municipals ETFs, Investment Grade ETFs, Muni National Short, JPMorgan (View all Sectors) |
| Issuer | JPMorgan |
| Inception Date | 2018-10-16 |
| Benchmark | Not Applicable |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 2.61 Billion |
| Average Trading Valume | 325,781 |
| Asset Type | Fixed Income |
| Category | Municipals |
| Focus | Investment Grade |
| Market Concentration | Developed Markets |
| Region | North America |
| Administrator | J.P. Morgan Investment Management Inc. |
| Advisor | JPMIM |
| Custodian | JPMorgan Chase Bank, N.A. |
| Distributor | JPMorgan Distribution Services, Inc. |
| Portfolio Manager | Richard Taormina, Curtis White, Josh Brunner |
| Transfer Agent | JPMorgan Chase Bank, N.A. |
| Fiscal Year End | 31-Dec |
| Exchange | Cboe BZX Exchange, Inc. |
| Number of Constituents | 2,682 |
| Market Maker | Jane Street |
| Total Expense | 0.18 |
| Management Fee | 0.18 |
| Country Name | USA |
| Returns Y T D | 0.62 |
| Name | JPMorgan Ultra-Short Municipal |
| Currency Code | USD |
| Open Figi | BBG00M8D23F9 |
| In Threey Volatility | 0.91 |
| 1y Volatility | 0.78 |
| 200 Day M A | 50.6099 |
| 50 Day M A | 50.6912 |
| Code | JMST |
| Updated At | 18th of April 2024 |
| Currency Name | US Dollar |
JPMorgan Ultra Short Municipal [JMST] is traded in USA and was established 2018-10-16. The fund is listed under Muni National Short category and is part of JPMorgan family. The entity is thematically classified as Municipals ETFs. JPMorgan Ultra Short currently have 2.88 B in assets under management (AUM). , while the total return for the last 3 years was 1.4%.
Check JPMorgan Ultra Probability Of Bankruptcy
Top JPMorgan Ultra Short Municipal Etf Constituents
| JOAXX | Jpmorgan Trust Iv | Money Market Fund | US Money Market Fund |
JPMorgan Ultra Target Price Odds Analysis
Attributed to a normal probability distribution, the odds of JPMorgan Ultra jumping above the current price in 90 days from now is under 4%. The JPMorgan Ultra Short Municipal probability density function shows the probability of JPMorgan Ultra etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days JPMorgan Ultra has a beta of 0.0066. This indicates as returns on the market go up, JPMorgan Ultra average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding JPMorgan Ultra Short Municipal will be expected to be much smaller as well. Additionally, jPMorgan Ultra Short Municipal has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of JPMorgan Ultra to move above the current price in 90 days from now is under 4 (This JPMorgan Ultra Short Municipal probability density function shows the probability of JPMorgan Etf to fall within a particular range of prices over 90 days) .
JPMorgan Ultra Top Holders
| PTBCX | Tax Exempt Bond Fund | Mutual Fund | Muni National Interm |
| VSPY | VectorShares | Etf | Allocation--50% to 70% Equity |
| PITEX | Tax Exempt Bond Fund | Mutual Fund | Muni National Interm |
| PTEAX | Tax Exempt Bond Fund | Mutual Fund | Muni National Interm |
JPMorgan Ultra Short Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. JPMorgan Ultra market risk premium is the additional return an investor will receive from holding JPMorgan Ultra long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in JPMorgan Ultra. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although JPMorgan Ultra's alpha and beta are two of the key measurements used to evaluate JPMorgan Ultra's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | 4.0E-4 | |||
| Jensen Alpha | (0.0006) | |||
| Total Risk Alpha | (0.0007) | |||
| Sortino Ratio | (0.03) |
JPMorgan Ultra Against Markets
Picking the right benchmark for JPMorgan Ultra etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in JPMorgan Ultra etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for JPMorgan Ultra is critical whether you are bullish or bearish towards JPMorgan Ultra Short Municipal at a given time. Please also check how JPMorgan Ultra's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in JPMorgan Ultra without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy JPMorgan Etf?
Before investing in JPMorgan Ultra, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in JPMorgan Ultra. To buy JPMorgan Ultra etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of JPMorgan Ultra. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase JPMorgan Ultra etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located JPMorgan Ultra Short Municipal etf in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased JPMorgan Ultra Short Municipal etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as JPMorgan Ultra Short Municipal, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in etf prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy JPMorgan Etf please use our How to Invest in JPMorgan Ultra guide.
Already Invested in JPMorgan Ultra Short Municipal?
The danger of trading JPMorgan Ultra Short Municipal is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of JPMorgan Ultra is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than JPMorgan Ultra. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile JPMorgan Ultra Short is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether JPMorgan Ultra Short is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if JPMorgan Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Jpmorgan Ultra Short Municipal Etf. Highlighted below are key reports to facilitate an investment decision about Jpmorgan Ultra Short Municipal Etf: Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in JPMorgan Ultra Short Municipal. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in state. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
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.