Prudential Financial (UK) Market Value
| 0KRX Stock | 127.08 3.26 2.63% |
| Symbol | Prudential |
Prudential Financial 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Prudential Financial's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Prudential Financial.
| 04/03/2023 |
| 11/23/2024 |
If you would invest 0.00 in Prudential Financial on April 3, 2023 and sell it all today you would earn a total of 0.00 from holding Prudential Financial or generate 0.0% return on investment in Prudential Financial over 600 days. Prudential Financial is related to or competes with Cornish Metals, Spotify Technology, Sunny Optical, International Biotechnology, Panther Metals, Albion Technology, and Auction Technology. Prudential Financial is entity of United Kingdom More
Prudential Financial Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Prudential Financial's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Prudential Financial upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.29 | |||
| Information Ratio | 0.0509 | |||
| Maximum Drawdown | 9.61 | |||
| Value At Risk | (2.06) | |||
| Potential Upside | 2.63 |
Prudential Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prudential Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prudential Financial's standard deviation. In reality, there are many statistical measures that can use Prudential Financial historical prices to predict the future Prudential Financial's volatility.| Risk Adjusted Performance | 0.0952 | |||
| Jensen Alpha | 0.0429 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0644 | |||
| Treynor Ratio | 0.13 |
Prudential Financial Backtested Returns
Currently, Prudential Financial is very steady. Prudential Financial maintains Sharpe Ratio (i.e., Efficiency) of 0.0895, which implies the firm had a 0.0895% return per unit of risk over the last 3 months. We have found thirty technical indicators for Prudential Financial, which you can use to evaluate the volatility of the company. Please check Prudential Financial's Semi Deviation of 1.14, coefficient of variation of 849.1, and Risk Adjusted Performance of 0.0952 to confirm if the risk estimate we provide is consistent with the expected return of 0.15%. Prudential Financial has a performance score of 7 on a scale of 0 to 100. The company holds a Beta of 1.41, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Prudential Financial will likely underperform. Prudential Financial right now holds a risk of 1.64%. Please check Prudential Financial total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if Prudential Financial will be following its historical price patterns.
Auto-correlation | 0.81 |
Very good predictability
Prudential Financial has very good predictability. Overlapping area represents the amount of predictability between Prudential Financial time series from 3rd of April 2023 to 28th of January 2024 and 28th of January 2024 to 23rd of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Prudential Financial price movement. The serial correlation of 0.81 indicates that around 81.0% of current Prudential Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 48.48 |
Prudential Financial lagged returns against current returns
Autocorrelation, which is Prudential Financial stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Prudential Financial's stock expected returns. We can calculate the autocorrelation of Prudential Financial returns to help us make a trade decision. For example, suppose you find that Prudential Financial has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Prudential Financial regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Prudential Financial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prudential Financial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Prudential Financial stock over time.
Current vs Lagged Prices |
| Timeline |
Prudential Financial Lagged Returns
When evaluating Prudential Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prudential Financial stock have on its future price. Prudential Financial autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Prudential Financial autocorrelation shows the relationship between Prudential Financial stock current value and its past values and can show if there is a momentum factor associated with investing in Prudential Financial.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Prudential Stock Analysis
When running Prudential Financial's price analysis, check to measure Prudential Financial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Prudential Financial is operating at the current time. Most of Prudential Financial's value examination focuses on studying past and present price action to predict the probability of Prudential Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Prudential Financial's price. Additionally, you may evaluate how the addition of Prudential Financial to your portfolios can decrease your overall portfolio volatility.