Prudential Floating Rate Fund Market Value
| FRFAX Fund | USD 9.14 0.01 0.11% |
| Symbol | PRUDENTIAL |
Prudential Floating '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 Floating'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 Floating.
| 02/01/2024 |
| 11/27/2024 |
If you would invest 0.00 in Prudential Floating on February 1, 2024 and sell it all today you would earn a total of 0.00 from holding Prudential Floating Rate or generate 0.0% return on investment in Prudential Floating over 300 days. Prudential Floating is related to or competes with Prudential Jennison, Transamerica Financial, Gabelli Global, Mesirow Financial, John Hancock, and Royce Global. The fund will invest at least 80 percent of its investable assets in floating rate loans and other floating rate debt se... More
Prudential Floating 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 Floating'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 Floating Rate upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.59) | |||
| Maximum Drawdown | 0.898 | |||
| Value At Risk | (0.11) | |||
| Potential Upside | 0.1125 |
Prudential Floating Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prudential Floating's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prudential Floating's standard deviation. In reality, there are many statistical measures that can use Prudential Floating historical prices to predict the future Prudential Floating's volatility.| Risk Adjusted Performance | 0.1753 | |||
| Jensen Alpha | 0.036 | |||
| Total Risk Alpha | 0.0087 | |||
| Treynor Ratio | (1.00) |
Prudential Floating Rate Backtested Returns
At this stage we consider PRUDENTIAL Mutual Fund to be very steady. Prudential Floating Rate maintains Sharpe Ratio (i.e., Efficiency) of 0.28, which implies the entity had a 0.28% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Prudential Floating Rate, which you can use to evaluate the volatility of the fund. Please check Prudential Floating's Variance of 0.0221, risk adjusted performance of 0.1753, and Coefficient Of Variation of 352.71 to confirm if the risk estimate we provide is consistent with the expected return of 0.0424%. The fund holds a Beta of -0.032, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Prudential Floating are expected to decrease at a much lower rate. During the bear market, Prudential Floating is likely to outperform the market.
Auto-correlation | 0.89 |
Very good predictability
Prudential Floating Rate has very good predictability. Overlapping area represents the amount of predictability between Prudential Floating time series from 1st of February 2024 to 30th of June 2024 and 30th of June 2024 to 27th 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 Floating Rate price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current Prudential Floating price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.89 | |
| Spearman Rank Test | 0.92 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Prudential Floating Rate lagged returns against current returns
Autocorrelation, which is Prudential Floating 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 Floating's mutual fund expected returns. We can calculate the autocorrelation of Prudential Floating returns to help us make a trade decision. For example, suppose you find that Prudential Floating 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 Floating 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 Floating mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prudential Floating 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 Floating mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Prudential Floating Lagged Returns
When evaluating Prudential Floating's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prudential Floating mutual fund have on its future price. Prudential Floating 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 Floating autocorrelation shows the relationship between Prudential Floating mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Prudential Floating Rate.
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 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.
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios |