Pgim Wadhwani Systematic Fund Market Value
| PGAGX Fund | USD 9.46 0.00 0.00% |
| Symbol | Pgim |
Pgim Wadhwani '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 Pgim Wadhwani'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 Pgim Wadhwani.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Pgim Wadhwani on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Pgim Wadhwani Systematic or generate 0.0% return on investment in Pgim Wadhwani over 30 days. Pgim Wadhwani is related to or competes with Catalyst/millburn, Catalyst/millburn, Catalyst/millburn, Blackrock Tactical, and Blackrock Tactical. The fund will seek to achieve its investment objective by investing globally in instruments that provide exposure to thr... More
Pgim Wadhwani 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 Pgim Wadhwani'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 Pgim Wadhwani Systematic upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (1.48) | |||
| Maximum Drawdown | 0.5293 |
Pgim Wadhwani Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pgim Wadhwani's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pgim Wadhwani's standard deviation. In reality, there are many statistical measures that can use Pgim Wadhwani historical prices to predict the future Pgim Wadhwani's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Treynor Ratio | 0.6862 |
Pgim Wadhwani Systematic Backtested Returns
Pgim Wadhwani Systematic maintains Sharpe Ratio (i.e., Efficiency) of -0.12, which implies the entity had a -0.12% return per unit of risk over the last 3 months. Pgim Wadhwani Systematic exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pgim Wadhwani's Variance of 0.0053, risk adjusted performance of (0.08), and Coefficient Of Variation of 4484.65 to confirm the risk estimate we provide. The fund holds a Beta of -0.0122, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Pgim Wadhwani are expected to decrease at a much lower rate. During the bear market, Pgim Wadhwani is likely to outperform the market.
Auto-correlation | 0.00 |
No correlation between past and present
Pgim Wadhwani Systematic has no correlation between past and present. Overlapping area represents the amount of predictability between Pgim Wadhwani time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 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 Pgim Wadhwani Systematic price movement. The serial correlation of 0.0 indicates that just 0.0% of current Pgim Wadhwani price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Pgim Wadhwani Systematic lagged returns against current returns
Autocorrelation, which is Pgim Wadhwani 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 Pgim Wadhwani's mutual fund expected returns. We can calculate the autocorrelation of Pgim Wadhwani returns to help us make a trade decision. For example, suppose you find that Pgim Wadhwani 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 |
Pgim Wadhwani 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 Pgim Wadhwani mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pgim Wadhwani mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pgim Wadhwani mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pgim Wadhwani Lagged Returns
When evaluating Pgim Wadhwani's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pgim Wadhwani mutual fund have on its future price. Pgim Wadhwani 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, Pgim Wadhwani autocorrelation shows the relationship between Pgim Wadhwani mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pgim Wadhwani Systematic.
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 Pgim Mutual Fund
Pgim Wadhwani financial ratios help investors to determine whether Pgim 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 Pgim with respect to the benefits of owning Pgim Wadhwani security.
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