Prudential Total Return Fund Market Value
| PDBSX Fund | USD 12.08 0.04 0.33% |
| Symbol | Prudential |
Prudential Total '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 Total'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 Total.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Prudential Total on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Prudential Total Return or generate 0.0% return on investment in Prudential Total over 30 days. Prudential Total is related to or competes with John Hancock, Mfs International, Franklin Dynatech, Lord Abbett, and Mfs Growth. The fund will seek to achieve its objective through a mix of current income and capital appreciation as determined by th... More
Prudential Total 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 Total'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 Total Return upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.47) | |||
| Maximum Drawdown | 1.26 | |||
| Value At Risk | (0.58) | |||
| Potential Upside | 0.4136 |
Prudential Total Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prudential Total's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prudential Total's standard deviation. In reality, there are many statistical measures that can use Prudential Total historical prices to predict the future Prudential Total's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | 0.1721 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Prudential Total'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 Total Return Backtested Returns
Prudential Total Return maintains Sharpe Ratio (i.e., Efficiency) of -0.0249, which implies the entity had a -0.0249% return per unit of risk over the last 3 months. Prudential Total Return exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Prudential Total's Coefficient Of Variation of (35,966), variance of 0.0875, and Risk Adjusted Performance of (0.02) to confirm the risk estimate we provide. The fund holds a Beta of -0.0629, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Prudential Total are expected to decrease at a much lower rate. During the bear market, Prudential Total is likely to outperform the market.
Auto-correlation | -0.3 |
Weak reverse predictability
Prudential Total Return has weak reverse predictability. Overlapping area represents the amount of predictability between Prudential Total time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Total Return price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Prudential Total price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Prudential Total Return lagged returns against current returns
Autocorrelation, which is Prudential Total 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 Total's mutual fund expected returns. We can calculate the autocorrelation of Prudential Total returns to help us make a trade decision. For example, suppose you find that Prudential Total 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 Total 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 Total mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prudential Total 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 Total mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Prudential Total Lagged Returns
When evaluating Prudential Total's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prudential Total mutual fund have on its future price. Prudential Total 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 Total autocorrelation shows the relationship between Prudential Total mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Prudential Total Return.
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 Total 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 Total security.
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