Pgim Enhanced Retirement Fund Market Value
| PGFEX Fund | 10.51 0.06 0.57% |
| Symbol | Pgim |
Pgim Enhanced '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 Enhanced'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 Enhanced.
| 12/22/2024 |
| 01/21/2025 |
If you would invest 0.00 in Pgim Enhanced on December 22, 2024 and sell it all today you would earn a total of 0.00 from holding Pgim Enhanced Retirement or generate 0.0% return on investment in Pgim Enhanced over 30 days. Pgim Enhanced is related to or competes with Gmo High, Blrc Sgy, Bts Tactical, Nuveen High, Multisector Bond, Leader Short, and California Bond. Under normal circumstances, the fund will invest approximately 80 percent of its total assets in underlying funds that invest primarily in a portfolio of equity securities and non-traditional asset classes and invest the remainder of the funds total assets in underlying funds that invest primarily in fixed income securities. More
Pgim Enhanced 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 Enhanced'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 Enhanced Retirement upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 3.32 | |||
| Value At Risk | (0.95) | |||
| Potential Upside | 0.8523 |
Pgim Enhanced Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pgim Enhanced's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pgim Enhanced's standard deviation. In reality, there are many statistical measures that can use Pgim Enhanced historical prices to predict the future Pgim Enhanced's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | (0.10) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pgim Enhanced'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.
Pgim Enhanced Retirement Backtested Returns
Pgim Enhanced Retirement maintains Sharpe Ratio (i.e., Efficiency) of close to zero, which implies the entity had a close to zero % return per unit of risk over the last 3 months. Pgim Enhanced Retirement exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pgim Enhanced's Coefficient Of Variation of (3,326), risk adjusted performance of (0.03), and Variance of 0.3211 to confirm the risk estimate we provide. The fund holds a Beta of 0.26, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pgim Enhanced's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pgim Enhanced is expected to be smaller as well.
Auto-correlation | 0.07 |
Virtually no predictability
Pgim Enhanced Retirement has virtually no predictability. Overlapping area represents the amount of predictability between Pgim Enhanced time series from 22nd of December 2024 to 6th of January 2025 and 6th of January 2025 to 21st of January 2025. 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 Enhanced Retirement price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Pgim Enhanced price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Pgim Enhanced Retirement lagged returns against current returns
Autocorrelation, which is Pgim Enhanced 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 Enhanced's mutual fund expected returns. We can calculate the autocorrelation of Pgim Enhanced returns to help us make a trade decision. For example, suppose you find that Pgim Enhanced 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 Enhanced 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 Enhanced mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pgim Enhanced 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 Enhanced mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pgim Enhanced Lagged Returns
When evaluating Pgim Enhanced's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pgim Enhanced mutual fund have on its future price. Pgim Enhanced 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 Enhanced autocorrelation shows the relationship between Pgim Enhanced mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pgim Enhanced Retirement.
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 Enhanced 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 Enhanced security.
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