Prudential Balanced Fund Market Value
| PIBQX Fund | USD 18.79 0.05 0.27% |
| Symbol | Prudential |
Prudential Balanced '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 Balanced'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 Balanced.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Prudential Balanced on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Prudential Balanced or generate 0.0% return on investment in Prudential Balanced over 30 days. Prudential Balanced is related to or competes with Fidelity Advisor, Lord Abbett, Pimco Diversified, Conservative Balanced, and Huber Capital. The fund invests in a portfolio of equity, fixed-income and money market securities that is actively managed to capitali... More
Prudential Balanced 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 Balanced'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 Balanced upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5163 | |||
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 2.28 | |||
| Value At Risk | (0.80) | |||
| Potential Upside | 0.8667 |
Prudential Balanced Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prudential Balanced's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prudential Balanced's standard deviation. In reality, there are many statistical measures that can use Prudential Balanced historical prices to predict the future Prudential Balanced's volatility.| Risk Adjusted Performance | 0.0563 | |||
| Jensen Alpha | 0.0266 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.17) | |||
| Treynor Ratio | 1.65 |
Prudential Balanced Backtested Returns
At this stage we consider Prudential Mutual Fund to be very steady. Prudential Balanced maintains Sharpe Ratio (i.e., Efficiency) of 0.0686, which implies the entity had a 0.0686% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Prudential Balanced, which you can use to evaluate the volatility of the fund. Please check Prudential Balanced's Risk Adjusted Performance of 0.0563, coefficient of variation of 1222.42, and Semi Deviation of 0.4285 to confirm if the risk estimate we provide is consistent with the expected return of 0.0318%. The fund holds a Beta of 0.0174, which implies not very significant fluctuations relative to the market. As returns on the market increase, Prudential Balanced's returns are expected to increase less than the market. However, during the bear market, the loss of holding Prudential Balanced is expected to be smaller as well.
Auto-correlation | 0.31 |
Below average predictability
Prudential Balanced has below average predictability. Overlapping area represents the amount of predictability between Prudential Balanced time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Balanced price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Prudential Balanced price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Prudential Balanced lagged returns against current returns
Autocorrelation, which is Prudential Balanced 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 Balanced's mutual fund expected returns. We can calculate the autocorrelation of Prudential Balanced returns to help us make a trade decision. For example, suppose you find that Prudential Balanced 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 Balanced 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 Balanced mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prudential Balanced 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 Balanced mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Prudential Balanced Lagged Returns
When evaluating Prudential Balanced's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prudential Balanced mutual fund have on its future price. Prudential Balanced 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 Balanced autocorrelation shows the relationship between Prudential Balanced mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Prudential Balanced.
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 Balanced 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 Balanced security.
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. |