Prudential Emerging Markets Fund Market Value
| EMDCX Fund | USD 4.54 0.01 0.22% |
| Symbol | Prudential |
Prudential Emerging '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 Emerging's mutual fund 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 Emerging.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Prudential Emerging on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Prudential Emerging Markets or generate 0.0% return on investment in Prudential Emerging over 30 days. Prudential Emerging is related to or competes with Institutional Fiduciary. The fund seeks to achieve its investment objective by investing under normal circumstances at least 80 percent of its in... More
Prudential Emerging 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 Emerging's mutual fund 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 Emerging Markets upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.41) | |||
| Maximum Drawdown | 1.97 | |||
| Value At Risk | (0.84) | |||
| Potential Upside | 0.6424 |
Prudential Emerging Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prudential Emerging's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prudential Emerging's standard deviation. In reality, there are many statistical measures that can use Prudential Emerging historical prices to predict the future Prudential Emerging's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | (1.39) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Prudential Emerging's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Prudential Emerging Backtested Returns
Prudential Emerging maintains Sharpe Ratio (i.e., Efficiency) of -0.13, which implies the entity had a -0.13% return per unit of risk over the last 3 months. Prudential Emerging exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Prudential Emerging's Risk Adjusted Performance of (0.09), variance of 0.1954, and Coefficient Of Variation of (915.59) to confirm the risk estimate we provide. The fund holds a Beta of 0.042, which implies not very significant fluctuations relative to the market. As returns on the market increase, Prudential Emerging's returns are expected to increase less than the market. However, during the bear market, the loss of holding Prudential Emerging is expected to be smaller as well.
Auto-correlation | 0.39 |
Below average predictability
Prudential Emerging Markets has below average predictability. Overlapping area represents the amount of predictability between Prudential Emerging time series from 24th of October 2024 to 8th of November 2024 and 8th of November 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 Emerging price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Prudential Emerging price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Prudential Emerging lagged returns against current returns
Autocorrelation, which is Prudential Emerging mutual fund'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 Emerging's mutual fund expected returns. We can calculate the autocorrelation of Prudential Emerging returns to help us make a trade decision. For example, suppose you find that Prudential Emerging has exhibited high autocorrelation historically, and you observe that the mutual fund 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 Emerging 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 Emerging mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prudential Emerging mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Prudential Emerging mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Prudential Emerging Lagged Returns
When evaluating Prudential Emerging's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prudential Emerging mutual fund have on its future price. Prudential Emerging 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 Emerging autocorrelation shows the relationship between Prudential Emerging mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Prudential Emerging Markets.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Prudential Mutual Fund
Prudential Emerging 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 Emerging security.
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