Prudential Government Money Fund Market Value
| PBMXX Fund | USD 1.00 0.00 0.00% |
| Symbol | Prudential |
Please note, there is a significant difference between Prudential Government's value and its price as these two are different measures arrived at by different means. Investors typically determine if Prudential Government is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Prudential Government's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Prudential Government '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 Government's money market 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 Government.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Prudential Government on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Prudential Government Money or generate 0.0% return on investment in Prudential Government over 720 days. Prudential Government is related to or competes with Technology Ultrasector, Firsthand Technology, Biotechnology Ultrasector, Fidelity Advisor, Red Oak, Pgim Jennison, and Icon Information. Prudential Government is entity of United States More
Prudential Government 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 Government's money market 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 Government Money upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.76) | |||
| Maximum Drawdown | 1.01 |
Prudential Government Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prudential Government's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prudential Government's standard deviation. In reality, there are many statistical measures that can use Prudential Government historical prices to predict the future Prudential Government's volatility.| Risk Adjusted Performance | 0.0425 | |||
| Jensen Alpha | 0.0096 | |||
| Total Risk Alpha | (0.01) | |||
| Treynor Ratio | (0.12) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Prudential Government'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 Government Backtested Returns
At this stage we consider Prudential Money Market Fund to be not too volatile. Prudential Government 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. We have found sixteen technical indicators for Prudential Government, which you can use to evaluate the volatility of the fund. Please check Prudential Government's Variance of 0.0155, coefficient of variation of 812.4, and Risk Adjusted Performance of 0.0425 to confirm if the risk estimate we provide is consistent with the expected return of 0.0158%. The fund holds a Beta of -0.0432, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Prudential Government are expected to decrease at a much lower rate. During the bear market, Prudential Government is likely to outperform the market.
Auto-correlation | -0.2 |
Insignificant reverse predictability
Prudential Government Money has insignificant reverse predictability. Overlapping area represents the amount of predictability between Prudential Government time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 Government price movement. The serial correlation of -0.2 indicates that over 20.0% of current Prudential Government price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Prudential Government lagged returns against current returns
Autocorrelation, which is Prudential Government money market 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 Government's money market fund expected returns. We can calculate the autocorrelation of Prudential Government returns to help us make a trade decision. For example, suppose you find that Prudential Government has exhibited high autocorrelation historically, and you observe that the money market 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 Government 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 Government money market fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prudential Government money market fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Prudential Government money market fund over time.
Current vs Lagged Prices |
| Timeline |
Prudential Government Lagged Returns
When evaluating Prudential Government's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prudential Government money market fund have on its future price. Prudential Government 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 Government autocorrelation shows the relationship between Prudential Government money market fund current value and its past values and can show if there is a momentum factor associated with investing in Prudential Government Money.
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 Money Market Fund
Prudential Government financial ratios help investors to determine whether Prudential Money Market 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 Government security.
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