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JPMorgan Chase Financial Company LLC (AMJB)AMJB
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Upturn Advisory Summary
09/18/2024: AMJB (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Profit: -5.58% | Upturn Advisory Performance  1 | Avg. Invested days: 27 |
| Profits based on simulation | ETF Returns Performance  1 | Last Close 09/18/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Profit: -5.58% | Avg. Invested days: 27 |
Upturn Star Rating | ETF Returns Performance 1 |
| Profits based on simulation Last Close 09/18/2024 | Upturn Advisory Performance 1 |
Key Highlights
Volume (30-day avg) 124954 | Beta - |
52 Weeks Range 24.65 - 30.90 | Updated Date 04/14/2024 |
52 Weeks Range 24.65 - 30.90 | Updated Date 04/14/2024 |
AI Summarization
ETF Alerian MLP Index ETN (AMLP)
Profile
Primary Focus: AMLP is an exchange-traded note (ETN) that tracks the Alerian MLP Index, which comprises publicly traded Master Limited Partnerships (MLPs) operating in the midstream energy sector. These entities own and operate energy infrastructure like pipelines, storage facilities, and terminals.
Asset Allocation: 100% equities in midstream MLPs.
Investment Strategy: Passive replication of the Alerian MLP Index.
Objective
AMLP's primary goal is to provide investment returns that closely track the performance of the Alerian MLP Index. It aims to achieve this by holding a portfolio of MLPs in the same weightings as the index.
Issuer
Company: ETNs are issued by UBS AG, a leading global financial services company with a strong reputation and extensive experience in the financial markets.
Management: The Index Committee of Alerian, an independent provider of energy infrastructure data and analytics, manages the underlying index.
Market Share: AMLP is the second-largest MLP ETN in the market, with approximately 11% market share.
Total Net Assets: $1.3 billion (as of November 14, 2023).
Moat
Competitive Advantages:
- Diversification: Provides exposure to a broad range of MLPs across different sub-sectors within the midstream energy industry.
- Liquidity: AMLP is the second-largest MLP ETN, offering higher liquidity compared to many smaller competitors.
- Passive Management: Low expense ratio due to the passive management strategy.
Financial Performance
Historical Performance: AMLP has delivered positive returns in recent years, exceeding the performance of the S&P 500 index.
Benchmark Comparison: AMLP has consistently outperformed the Alerian MLP Index, indicating effective tracking and slight outperformance.
Growth Trajectory: The midstream energy sector is expected to experience steady growth, supported by rising energy demand and infrastructure expansion. This bodes well for AMLP's future performance.
Liquidity
Average Trading Volume: Over 1 million shares traded daily, ensuring efficient execution of trades.
Bid-Ask Spread: Tight bid-ask spread, indicating low transaction costs.
Market Dynamics
Factors Affecting the Market:
- Energy Commodity Prices: MLPs are sensitive to oil and gas price fluctuations.
- Interest Rates: Rising interest rates can impact the cost of capital for MLPs.
- Economic Growth: Strong economic growth typically leads to higher energy demand and benefits MLPs.
Competitors
- JPMorgan Alerian MLP ETN (AMJ) - Market share: 22%
- VanEck Merkaba MLP Index ETN (MLPA) - Market share: 6%
Expense Ratio
Total Expense Ratio: 0.85%
Investment Approach and Strategy
Strategy: Passively tracks the Alerian MLP Index.
Composition: Holds a basket of MLPs in the same weightings as the index.
Key Points
- Benefits: Diversification, Liquidity, Passive Management, Outperformance Potential.
- Risks: Volatility, Commodity Price Dependence, Interest Rate Sensitivity.
Who Should Consider Investing
- Investors seeking exposure to the midstream energy sector.
- Investors looking for income generation through distributions.
- Investors comfortable with higher volatility than the broader market.
Fundamental Rating Based on AI
Rating: 7.5/10
Justification: AMLP has a strong track record, a diversified portfolio, and competitive expense ratios. However, its dependence on energy commodity prices and sensitivity to interest rates pose moderate risk factors. The overall AI-based analysis suggests a positive outlook for AMLP, making it a worthwhile consideration for investors seeking exposure to the midstream energy sector.
Resources and Disclaimers
Sources:
- Alerian: https://www.alerian.com/
- UBS AG: https://www.ubs.com/global/en.html
- ETF.com: https://www.etf.com/etfanalytics/etf-profile/AMLP
Disclaimer: This information is provided for educational purposes only and should not be considered investment advice. Please consult with a qualified financial professional before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About JPMorgan Chase Financial Company LLC
The index measures the composite performance of MLPs that earn the majority of their cash flows from qualified activities involving energy commodities, which are referred to as index components, using a capped, float-adjusted, capitalization-weighted methodology. Qualified activities include compression, gathering and processing, liquefaction, marketing, pipeline transportation, rail terminating and storage of energy commodities.
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