Prudential Jennison Mid Cap Fund Market Value
| JDERX Fund | USD 12.90 0.21 1.65% |
| Symbol | Prudential |
Prudential Jennison '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 Jennison'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 Jennison.
| 12/23/2024 |
| 01/22/2025 |
If you would invest 0.00 in Prudential Jennison on December 23, 2024 and sell it all today you would earn a total of 0.00 from holding Prudential Jennison Mid Cap or generate 0.0% return on investment in Prudential Jennison over 30 days. Prudential Jennison is related to or competes with Fidelity Real, Deutsche Real, Short Real, and Nexpoint Real. The fund normally invests at least 80 percent of its investable assets in equity and equity-related securities of medium... More
Prudential Jennison 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 Jennison'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 Jennison Mid Cap upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 10.85 | |||
| Value At Risk | (1.53) | |||
| Potential Upside | 1.65 |
Prudential Jennison Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prudential Jennison's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prudential Jennison's standard deviation. In reality, there are many statistical measures that can use Prudential Jennison historical prices to predict the future Prudential Jennison's volatility.| Risk Adjusted Performance | 0.0018 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | (0.03) |
Prudential Jennison Mid Backtested Returns
At this stage we consider Prudential Mutual Fund to be not too volatile. Prudential Jennison Mid maintains Sharpe Ratio (i.e., Efficiency) of close to zero, which implies the entity had a close to zero % return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Prudential Jennison Mid, which you can use to evaluate the volatility of the fund. Please check Prudential Jennison's Variance of 2.16, risk adjusted performance of 0.0018, and Coefficient Of Variation of (34,596) to confirm if the risk estimate we provide is consistent with the expected return of 0.0081%. The fund holds a Beta of 0.54, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Prudential Jennison's returns are expected to increase less than the market. However, during the bear market, the loss of holding Prudential Jennison is expected to be smaller as well.
Auto-correlation | 0.35 |
Below average predictability
Prudential Jennison Mid Cap has below average predictability. Overlapping area represents the amount of predictability between Prudential Jennison time series from 23rd of December 2024 to 7th of January 2025 and 7th of January 2025 to 22nd of January 2025. 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 Jennison Mid price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Prudential Jennison price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Prudential Jennison Mid lagged returns against current returns
Autocorrelation, which is Prudential Jennison 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 Jennison's mutual fund expected returns. We can calculate the autocorrelation of Prudential Jennison returns to help us make a trade decision. For example, suppose you find that Prudential Jennison 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 Jennison 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 Jennison mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prudential Jennison 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 Jennison mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Prudential Jennison Lagged Returns
When evaluating Prudential Jennison's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prudential Jennison mutual fund have on its future price. Prudential Jennison 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 Jennison autocorrelation shows the relationship between Prudential Jennison mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Prudential Jennison Mid Cap.
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 Jennison 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 Jennison security.
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