Prudential Global Total Fund Market Value
| PGTSX Fund | USD 5.18 0.01 0.19% |
| Symbol | Prudential |
Prudential Global '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 Global'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 Global.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Prudential Global on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Prudential Global Total or generate 0.0% return on investment in Prudential Global over 720 days. Prudential Global is related to or competes with Technology Ultrasector, Science Technology, Icon Information, Firsthand Technology, Columbia Global, and Towpath Technology. The fund normally invests at least 65 percent of its total assets in income-producing debt securities of U.S More
Prudential Global 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 Global'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 Global Total upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.54) | |||
| Maximum Drawdown | 1.7 | |||
| Value At Risk | (0.57) | |||
| Potential Upside | 0.381 |
Prudential Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prudential Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prudential Global's standard deviation. In reality, there are many statistical measures that can use Prudential Global historical prices to predict the future Prudential Global's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | 0.7497 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Prudential Global'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 Global Total Backtested Returns
Prudential Global Total maintains Sharpe Ratio (i.e., Efficiency) of -0.17, which implies the entity had a -0.17% return per unit of risk over the last 3 months. Prudential Global Total exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Prudential Global's Coefficient Of Variation of (719.93), risk adjusted performance of (0.12), and Variance of 0.1075 to confirm the risk estimate we provide. The fund holds a Beta of -0.0741, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Prudential Global are expected to decrease at a much lower rate. During the bear market, Prudential Global is likely to outperform the market.
Auto-correlation | -0.27 |
Weak reverse predictability
Prudential Global Total has weak reverse predictability. Overlapping area represents the amount of predictability between Prudential Global time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 Global Total price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Prudential Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Prudential Global Total lagged returns against current returns
Autocorrelation, which is Prudential Global 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 Global's mutual fund expected returns. We can calculate the autocorrelation of Prudential Global returns to help us make a trade decision. For example, suppose you find that Prudential Global 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 Global 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 Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prudential Global 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 Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Prudential Global Lagged Returns
When evaluating Prudential Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prudential Global mutual fund have on its future price. Prudential Global 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 Global autocorrelation shows the relationship between Prudential Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Prudential Global Total.
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 Global 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 Global security.
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