Prudential Utility Fund Market Value
| JDURX Fund | USD 17.56 0.27 1.56% |
| Symbol | Prudential |
Prudential Utility '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 Utility'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 Utility.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Prudential Utility on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Prudential Utility Fund or generate 0.0% return on investment in Prudential Utility over 720 days. Prudential Utility is related to or competes with Pace Large, Tax-managed, Virtus Nfj, Qs Us, American Mutual, Cb Large, and Dodge Cox. The fund normally invests at least 80 percent of its investable assets in equity and equity-related and investment-grade... More
Prudential Utility 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 Utility'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 Utility Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9821 | |||
| Information Ratio | 0.0818 | |||
| Maximum Drawdown | 5.45 | |||
| Value At Risk | (1.31) | |||
| Potential Upside | 1.89 |
Prudential Utility Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prudential Utility's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prudential Utility's standard deviation. In reality, there are many statistical measures that can use Prudential Utility historical prices to predict the future Prudential Utility's volatility.| Risk Adjusted Performance | 0.1608 | |||
| Jensen Alpha | 0.1991 | |||
| Total Risk Alpha | 0.0414 | |||
| Sortino Ratio | 0.0869 | |||
| Treynor Ratio | 3.71 |
Prudential Utility Backtested Returns
Prudential Utility appears to be very steady, given 3 months investment horizon. Prudential Utility maintains Sharpe Ratio (i.e., Efficiency) of 0.21, which implies the entity had a 0.21% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Prudential Utility, which you can use to evaluate the volatility of the fund. Please evaluate Prudential Utility's Coefficient Of Variation of 483.48, semi deviation of 0.7452, and Risk Adjusted Performance of 0.1608 to confirm if our risk estimates are consistent with your expectations. The fund holds a Beta of 0.0554, which implies not very significant fluctuations relative to the market. As returns on the market increase, Prudential Utility's returns are expected to increase less than the market. However, during the bear market, the loss of holding Prudential Utility is expected to be smaller as well.
Auto-correlation | -0.68 |
Very good reverse predictability
Prudential Utility Fund has very good reverse predictability. Overlapping area represents the amount of predictability between Prudential Utility time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 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 Utility price movement. The serial correlation of -0.68 indicates that around 68.0% of current Prudential Utility price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | -0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 2.21 |
Prudential Utility lagged returns against current returns
Autocorrelation, which is Prudential Utility 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 Utility's mutual fund expected returns. We can calculate the autocorrelation of Prudential Utility returns to help us make a trade decision. For example, suppose you find that Prudential Utility 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 Utility 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 Utility mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prudential Utility 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 Utility mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Prudential Utility Lagged Returns
When evaluating Prudential Utility's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prudential Utility mutual fund have on its future price. Prudential Utility 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 Utility autocorrelation shows the relationship between Prudential Utility mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Prudential Utility Fund.
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 Utility 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 Utility security.
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