Prudential Day One Fund Market Value
| PDCJX Fund | USD 10.95 0.04 0.37% |
| Symbol | Prudential |
Prudential Day '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 Day'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 Day.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Prudential Day on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Prudential Day One or generate 0.0% return on investment in Prudential Day over 30 days. Prudential Day 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 investing in a diversified portfolio of other mutual funds within the PGIM fund family... More
Prudential Day 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 Day'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 Day One upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.313 | |||
| Information Ratio | (0.41) | |||
| Maximum Drawdown | 1.29 | |||
| Value At Risk | (0.47) | |||
| Potential Upside | 0.3738 |
Prudential Day Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prudential Day's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prudential Day's standard deviation. In reality, there are many statistical measures that can use Prudential Day historical prices to predict the future Prudential Day's volatility.| Risk Adjusted Performance | 0.0578 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.35) | |||
| Treynor Ratio | 0.0916 |
Prudential Day One Backtested Returns
At this stage we consider Prudential Mutual Fund to be very steady. Prudential Day One 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 twenty-eight technical indicators for Prudential Day One, which you can use to evaluate the volatility of the fund. Please check Prudential Day's Risk Adjusted Performance of 0.0578, coefficient of variation of 1004.0, and Semi Deviation of 0.2066 to confirm if the risk estimate we provide is consistent with the expected return of 0.0335%. The fund holds a Beta of 0.18, which implies not very significant fluctuations relative to the market. As returns on the market increase, Prudential Day's returns are expected to increase less than the market. However, during the bear market, the loss of holding Prudential Day is expected to be smaller as well.
Auto-correlation | 0.45 |
Average predictability
Prudential Day One has average predictability. Overlapping area represents the amount of predictability between Prudential Day 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 Day One price movement. The serial correlation of 0.45 indicates that just about 45.0% of current Prudential Day price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | 0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Prudential Day One lagged returns against current returns
Autocorrelation, which is Prudential Day 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 Day's mutual fund expected returns. We can calculate the autocorrelation of Prudential Day returns to help us make a trade decision. For example, suppose you find that Prudential Day 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 Day 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 Day mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prudential Day 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 Day mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Prudential Day Lagged Returns
When evaluating Prudential Day's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prudential Day mutual fund have on its future price. Prudential Day 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 Day autocorrelation shows the relationship between Prudential Day mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Prudential Day One.
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 Day 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 Day security.
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