Prudential Floating Rate Fund Price on November 4, 2024
| FRFCX Fund | USD 9.15 0.01 0.11% |
Below is the normalized historical share price chart for Prudential Floating Rate extending back to March 30, 2011. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Prudential Floating stands at 9.15, as last reported on the 27th of November, with the highest price reaching 9.15 and the lowest price hitting 9.15 during the day.
If you're considering investing in Prudential Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider Prudential Mutual Fund to be very steady. Prudential Floating Rate maintains Sharpe Ratio (i.e., Efficiency) of 0.27, which implies the entity had a 0.27% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Prudential Floating Rate, which you can use to evaluate the volatility of the fund. Please check Prudential Floating's Risk Adjusted Performance of 0.1597, downside deviation of 0.119, and Standard Deviation of 0.1465 to confirm if the risk estimate we provide is consistent with the expected return of 0.0399%.
Prudential Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Prudential |
Sharpe Ratio = 0.2684
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Estimated Market Risk
| 0.15 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.27 actual daily | 21 79% of assets perform better |
Based on monthly moving average Prudential Floating is performing at about 21% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Prudential Floating by adding it to a well-diversified portfolio.
Prudential Floating Valuation on November 4, 2024
It is possible to determine the worth of Prudential Floating on a given historical date. On November 4, 2024 Prudential was worth 9.12 at the beginning of the trading date compared to the closed value of 9.12. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Prudential Floating mutual fund. Still, in general, we apply an absolute valuation method to find Prudential Floating's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Prudential Floating where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Prudential Floating's related companies.
| Open | High | Low | Close | Volume | |
| 9.13 | 9.13 | 9.13 | 9.13 | 1.00 | |
11/04/2024 | 9.12 | 9.12 | 9.12 | 9.12 | 1.00 |
| 9.13 | 9.13 | 9.13 | 9.13 | 1.00 |
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Prudential Floating Trading Date Momentum on November 4, 2024
| On November 05 2024 Prudential Floating Rate was traded for 9.13 at the closing time. The highest daily price throughout the period was 9.13 and the lowest price was 9.13 . There was no trading activity during the period 1.0. Lack of trading volume on 11/05/2024 added to the next day price jump. The overall trading delta to closing price of the next trading day was 0.11% . The trading delta at closing time to current closing price is 0.33% . |
Prudential Floating Rate Fundamentals Correlations and Trends
By evaluating Prudential Floating's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Prudential Floating's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Prudential financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Prudential Floating Mutual Fund history
Prudential Floating investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Prudential is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Prudential Floating Rate will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Prudential Floating stock prices may prove useful in developing a viable investing in Prudential Floating
The fund will invest at least 80 percent of its investable assets in floating rate loans and other floating rate debt securities. It may invest up to 20 percent of its total assets in senior loans that are not secured by any specific collateral. The fund may invest up to 25 percent of its total assets in senior loans made to foreign-domiciled borrowers and other foreign securities, including securities of issuers located in emerging market countries, which may be denominated in U.S. dollars or non-U.S. currencies.
Prudential Floating Mutual Fund Technical Analysis
Prudential Floating 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.
Price Boundaries
Prudential Floating Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
Prudential Floating Rate cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Prudential Floating November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Prudential Floating mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Prudential Floating shares will generate the highest return on investment. By undertsting and applying Prudential Floating mutual fund market strength indicators, traders can identify Prudential Floating Rate entry and exit signals to maximize returns
Prudential Floating Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Prudential Floating's price direction in advance. Along with the technical and fundamental analysis of Prudential Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Prudential to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1597 | |||
| Jensen Alpha | 0.0269 | |||
| Total Risk Alpha | 0.0056 | |||
| Sortino Ratio | (0.77) | |||
| Treynor Ratio | 1.95 |
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Other Information on Investing in Prudential Mutual Fund
Prudential Floating financial ratios help investors to determine whether Prudential Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Prudential with respect to the benefits of owning Prudential Floating security.
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