PGIM Rock Financial Statements From 2010 to 2026
| PBMR Etf | 30.57 0.10 0.33% |
Check PGIM Rock financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among PGIM Rock's main balance sheet or income statement drivers, such as , as well as many indicators such as . PGIM financial statements analysis is a perfect complement when working with PGIM Rock Valuation or Volatility modules.
This module can also supplement various PGIM Rock Technical models . Check out the analysis of PGIM Rock Correlation against competitors. Pair Trading with PGIM Rock
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if PGIM Rock position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in PGIM Rock will appreciate offsetting losses from the drop in the long position's value.Moving together with PGIM Etf
| 0.94 | INOV | Innovator ETFs Trust | PairCorr |
| 0.95 | BUFR | First Trust Cboe | PairCorr |
| 0.95 | BUFD | FT Cboe Vest | PairCorr |
| 0.94 | PSEP | Innovator SP 500 | PairCorr |
| 0.96 | PJAN | Innovator SP 500 | PairCorr |
The ability to find closely correlated positions to PGIM Rock could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PGIM Rock when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back PGIM Rock - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling PGIM Rock ETF to buy it.
The correlation of PGIM Rock is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as PGIM Rock moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PGIM Rock ETF moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for PGIM Rock can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of PGIM Rock Correlation against competitors. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
PGIM Rock ETF's market price often diverges from its book value, the accounting figure shown on PGIM's balance sheet. Smart investors calculate PGIM Rock's intrinsic value - its true economic worth - which may differ significantly from both market price and book value. Market participants employ diverse analytical approaches to determine fair value and identify buying opportunities when prices dip below calculated worth. Since PGIM Rock's trading price responds to investor sentiment, macroeconomic conditions, and market psychology, it can swing far from fundamental value.
It's important to distinguish between PGIM Rock's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding PGIM Rock should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. However, PGIM Rock'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.