Pgim Active High Etf Market Value
| PHYL Etf | USD 35.11 0.04 0.11% |
| Symbol | PGIM |
The market value of PGIM Active High is measured differently than its book value, which is the value of PGIM that is recorded on the company's balance sheet. Investors also form their own opinion of PGIM Active's value that differs from its market value or its book value, called intrinsic value, which is PGIM Active's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because PGIM Active's market value can be influenced by many factors that don't directly affect PGIM Active's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between PGIM Active's value and its price as these two are different measures arrived at by different means. Investors typically determine if PGIM Active is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PGIM Active's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
PGIM Active '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 Active's etf 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 Active.
| 12/19/2024 |
| 01/18/2025 |
If you would invest 0.00 in PGIM Active on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding PGIM Active High or generate 0.0% return on investment in PGIM Active over 30 days. PGIM Active is related to or competes with Xtrackers High, Xtrackers Short, FlexShares High, Franklin Liberty, and IShares Edge. Under normal market conditions, the fund invests at least 80 percent of its investable assets in a diversified portfolio... More
PGIM Active 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 Active's etf 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 Active High upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2752 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 1.26 | |||
| Value At Risk | (0.37) | |||
| Potential Upside | 0.3767 |
PGIM Active Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PGIM Active's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PGIM Active's standard deviation. In reality, there are many statistical measures that can use PGIM Active historical prices to predict the future PGIM Active's volatility.| Risk Adjusted Performance | 0.0473 | |||
| Jensen Alpha | 0.0097 | |||
| Total Risk Alpha | 0.0053 | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.1452 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of PGIM Active'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 Active High Backtested Returns
As of now, PGIM Etf is very steady. PGIM Active High maintains Sharpe Ratio (i.e., Efficiency) of 0.0963, which implies the entity had a 0.0963% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for PGIM Active High, which you can use to evaluate the volatility of the etf. Please check PGIM Active's semi deviation of 0.2209, and Risk Adjusted Performance of 0.0473 to confirm if the risk estimate we provide is consistent with the expected return of 0.0239%. The etf holds a Beta of 0.0769, which implies not very significant fluctuations relative to the market. As returns on the market increase, PGIM Active's returns are expected to increase less than the market. However, during the bear market, the loss of holding PGIM Active is expected to be smaller as well.
Auto-correlation | 0.24 |
Weak predictability
PGIM Active High has weak predictability. Overlapping area represents the amount of predictability between PGIM Active time series from 19th of December 2024 to 3rd of January 2025 and 3rd of January 2025 to 18th 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 Active High price movement. The serial correlation of 0.24 indicates that over 24.0% of current PGIM Active price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
PGIM Active High lagged returns against current returns
Autocorrelation, which is PGIM Active etf'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 Active's etf expected returns. We can calculate the autocorrelation of PGIM Active returns to help us make a trade decision. For example, suppose you find that PGIM Active has exhibited high autocorrelation historically, and you observe that the etf 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 Active 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 Active etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PGIM Active etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PGIM Active etf over time.
Current vs Lagged Prices |
| Timeline |
PGIM Active Lagged Returns
When evaluating PGIM Active's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PGIM Active etf have on its future price. PGIM Active 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 Active autocorrelation shows the relationship between PGIM Active etf current value and its past values and can show if there is a momentum factor associated with investing in PGIM Active High.
Regressed Prices |
| Timeline |
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PGIM Active technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.