Prudential Government Income Fund Market Value
| PGIQX Fund | USD 7.79 0.01 0.13% |
| Symbol | Prudential |
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 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 Government.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Prudential Government on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Prudential Government Income or generate 0.0% return on investment in Prudential Government over 30 days. Prudential Government is related to or competes with Siit Large, William Blair, Aqr Large, Nuveen Winslow, Quantitative, and Tax-managed. The fund invests at least 80 percent of its investable assets in U.S 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 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 Government Income upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.45) | |||
| Maximum Drawdown | 1.41 | |||
| Value At Risk | (0.64) | |||
| Potential Upside | 0.5013 |
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 | (0.09) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | (0.78) |
Prudential Government Backtested Returns
Prudential Government maintains Sharpe Ratio (i.e., Efficiency) of -0.11, which implies the entity had a -0.11% return per unit of risk over the last 3 months. Prudential Government exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Prudential Government's Risk Adjusted Performance of (0.09), coefficient of variation of (1,016), and Variance of 0.0949 to confirm the risk estimate we provide. The fund holds a Beta of 0.0518, which implies not very significant fluctuations relative to the market. As returns on the market increase, Prudential Government's returns are expected to increase less than the market. However, during the bear market, the loss of holding Prudential Government is expected to be smaller as well.
Auto-correlation | 0.31 |
Below average predictability
Prudential Government Income has below average predictability. Overlapping area represents the amount of predictability between Prudential Government 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 Prudential Government price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Prudential Government price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Prudential Government lagged returns against current returns
Autocorrelation, which is Prudential Government 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 Government's mutual 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 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 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 mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prudential Government 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 Government mutual 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 mutual 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 mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Prudential Government Income.
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 Government 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 Government security.
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