Prudential High Yield Fund Price on October 14, 2024
| PRHCX Fund | USD 4.81 0.01 0.21% |
Below is the normalized historical share price chart for Prudential High Yield extending back to March 21, 1996. 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 High stands at 4.81, as last reported on the 23rd of November, with the highest price reaching 4.81 and the lowest price hitting 4.81 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 High Yield maintains Sharpe Ratio (i.e., Efficiency) of 0.14, which implies the entity had a 0.14% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Prudential High Yield, which you can use to evaluate the volatility of the fund. Please check Prudential High's Standard Deviation of 0.1666, downside deviation of 0.2367, and Risk Adjusted Performance of 0.0964 to confirm if the risk estimate we provide is consistent with the expected return of 0.0227%.
Prudential Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Prudential |
Sharpe Ratio = 0.1378
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Estimated Market Risk
| 0.16 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.14 actual daily | 10 90% of assets perform better |
Based on monthly moving average Prudential High is performing at about 10% 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 High by adding it to a well-diversified portfolio.
Prudential High Valuation on October 14, 2024
It is possible to determine the worth of Prudential High on a given historical date. On October 14, 2024 Prudential was worth 4.81 at the beginning of the trading date compared to the closed value of 4.81. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Prudential High mutual fund. Still, in general, we apply an absolute valuation method to find Prudential High'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 High where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Prudential High's related companies.
| Open | High | Low | Close | Volume | |
| 4.82 | 4.82 | 4.82 | 4.82 | 1.00 | |
10/14/2024 | 4.81 | 4.81 | 4.81 | 4.81 | 1.00 |
| 4.82 | 4.82 | 4.82 | 4.82 | 1.00 |
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Prudential High Trading Date Momentum on October 14, 2024
| On October 15 2024 Prudential High Yield was traded for 4.82 at the closing time. The highest daily price throughout the period was 4.82 and the lowest price was 4.82 . There was no trading activity during the period 1.0. Lack of trading volume on 10/15/2024 added to the next day price jump. The trading delta at closing time to closing price of the next trading day was 0.21% . The trading delta at closing time to current closing price is 0.21% . |
Prudential High Yield Fundamentals Correlations and Trends
By evaluating Prudential High'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 High'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 High Mutual Fund history
Prudential High 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 High Yield 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 High stock prices may prove useful in developing a viable investing in Prudential High
The fund normally invests at least 80 percent of its investable assets in a diversified portfolio of high yield fixed-income instruments rated Ba or lower by Moodys Investors Service or BB or lower by SP Global Ratings , and instruments either comparably rated by another nationally recognized statistical rating organization , or considered to be of comparable quality, that is, junk bonds.
Prudential High Mutual Fund Technical Analysis
Prudential High 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 High Period Price Range
Low | November 23, 2024
| High |
0.00 | 0.00 |
Prudential High Yield 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 High November 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Prudential High 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 High shares will generate the highest return on investment. By undertsting and applying Prudential High mutual fund market strength indicators, traders can identify Prudential High Yield entry and exit signals to maximize returns
Prudential High Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Prudential High'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 | 0.0964 | |||
| Jensen Alpha | 0.02 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.43) | |||
| Treynor Ratio | (1.84) |
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Other Information on Investing in Prudential Mutual Fund
Prudential High 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 High security.
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum |