Prudential 6040 Allocation Fund Market Value
| PALDX Fund | USD 14.48 0.06 0.42% |
| Symbol | Prudential |
Prudential 6040 '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 6040'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 6040.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Prudential 6040 on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Prudential 6040 Allocation or generate 0.0% return on investment in Prudential 6040 over 30 days. Prudential 6040 is related to or competes with Prudential Jennison, Prudential Jennison, Pgim Jennison, Pgim Jennison, Prudential Short, Prudential Emerging, and Prudential Floating. The fund pursues its objective by primarily investing in a portfolio of other mutual funds within the PGIM fund family t... More
Prudential 6040 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 6040'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 6040 Allocation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4102 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 2.22 | |||
| Value At Risk | (0.48) | |||
| Potential Upside | 0.7072 |
Prudential 6040 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prudential 6040's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prudential 6040's standard deviation. In reality, there are many statistical measures that can use Prudential 6040 historical prices to predict the future Prudential 6040's volatility.| Risk Adjusted Performance | 0.1483 | |||
| Jensen Alpha | 0.0302 | |||
| Total Risk Alpha | 0.0136 | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | 0.185 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Prudential 6040'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 6040 Allo Backtested Returns
At this stage we consider Prudential Mutual Fund to be very steady. Prudential 6040 Allo maintains Sharpe Ratio (i.e., Efficiency) of 0.17, which implies the entity had a 0.17% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Prudential 6040 Allo, which you can use to evaluate the volatility of the fund. Please check Prudential 6040's Semi Deviation of 0.166, risk adjusted performance of 0.1483, and Coefficient Of Variation of 463.82 to confirm if the risk estimate we provide is consistent with the expected return of 0.0692%. The fund holds a Beta of 0.43, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Prudential 6040's returns are expected to increase less than the market. However, during the bear market, the loss of holding Prudential 6040 is expected to be smaller as well.
Auto-correlation | -0.3 |
Weak reverse predictability
Prudential 6040 Allocation has weak reverse predictability. Overlapping area represents the amount of predictability between Prudential 6040 time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th of December 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 6040 Allo price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Prudential 6040 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Prudential 6040 Allo lagged returns against current returns
Autocorrelation, which is Prudential 6040 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 6040's mutual fund expected returns. We can calculate the autocorrelation of Prudential 6040 returns to help us make a trade decision. For example, suppose you find that Prudential 6040 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 6040 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 6040 mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prudential 6040 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 6040 mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Prudential 6040 Lagged Returns
When evaluating Prudential 6040's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prudential 6040 mutual fund have on its future price. Prudential 6040 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 6040 autocorrelation shows the relationship between Prudential 6040 mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Prudential 6040 Allocation.
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 6040 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 6040 security.
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