Pgim Etf Trust Etf Market Value
| PJIO Etf | 61.68 0.08 0.13% |
| Symbol | PGIM |
The market value of PGIM ETF Trust 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 ETF's value that differs from its market value or its book value, called intrinsic value, which is PGIM ETF'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 ETF's market value can be influenced by many factors that don't directly affect PGIM ETF'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 ETF's value and its price as these two are different measures arrived at by different means. Investors typically determine if PGIM ETF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PGIM ETF'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 ETF '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 ETF'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 ETF.
| 06/28/2025 |
| 12/25/2025 |
If you would invest 0.00 in PGIM ETF on June 28, 2025 and sell it all today you would earn a total of 0.00 from holding PGIM ETF Trust or generate 0.0% return on investment in PGIM ETF over 180 days. PGIM ETF is related to or competes with PGIM ETF, Matthews Emerging, PGIM ETF, Themes Global, Invesco Nasdaq, Alger ETF, and Alpha Blue. PGIM ETF is entity of United States. It is traded as Etf on NYSE ARCA exchange. More
PGIM ETF 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 ETF'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 ETF Trust upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 4.29 | |||
| Value At Risk | (1.79) | |||
| Potential Upside | 1.33 |
PGIM ETF Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PGIM ETF's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PGIM ETF's standard deviation. In reality, there are many statistical measures that can use PGIM ETF historical prices to predict the future PGIM ETF's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (0.08) |
PGIM ETF Trust Backtested Returns
PGIM ETF Trust maintains Sharpe Ratio (i.e., Efficiency) of -0.0352, which implies the entity had a -0.0352 % return per unit of volatility over the last 3 months. PGIM ETF Trust exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PGIM ETF's risk adjusted performance of (0.05), and Coefficient Of Variation of (1,322) to confirm the risk estimate we provide. The etf holds a Beta of 1.01, which implies a somewhat significant risk relative to the market. PGIM ETF returns are very sensitive to returns on the market. As the market goes up or down, PGIM ETF is expected to follow.
Auto-correlation | -0.45 |
Modest reverse predictability
PGIM ETF Trust has modest reverse predictability. Overlapping area represents the amount of predictability between PGIM ETF time series from 28th of June 2025 to 26th of September 2025 and 26th of September 2025 to 25th of December 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 ETF Trust price movement. The serial correlation of -0.45 indicates that just about 45.0% of current PGIM ETF price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | -0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 2.45 |
PGIM ETF Trust lagged returns against current returns
Autocorrelation, which is PGIM ETF 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 ETF's etf expected returns. We can calculate the autocorrelation of PGIM ETF returns to help us make a trade decision. For example, suppose you find that PGIM ETF 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 ETF 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 ETF etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PGIM ETF etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PGIM ETF etf over time.
Current vs Lagged Prices |
| Timeline |
PGIM ETF Lagged Returns
When evaluating PGIM ETF's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PGIM ETF etf have on its future price. PGIM ETF 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 ETF autocorrelation shows the relationship between PGIM ETF etf current value and its past values and can show if there is a momentum factor associated with investing in PGIM ETF Trust.
Regressed Prices |
| Timeline |
Pair Trading with PGIM ETF
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if PGIM ETF position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in PGIM ETF will appreciate offsetting losses from the drop in the long position's value.Moving together with PGIM Etf
Moving against PGIM Etf
| 0.54 | XTJA | Innovator ETFs Trust | PairCorr |
| 0.48 | QTJA | Innovator ETFs Trust | PairCorr |
| 0.45 | XTAP | Innovator Equity Acc | PairCorr |
| 0.39 | QTAP | Innovator Growth 100 | PairCorr |
| 0.32 | IHDG | WisdomTree International | PairCorr |
The ability to find closely correlated positions to PGIM ETF could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PGIM ETF when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back PGIM ETF - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling PGIM ETF Trust to buy it.
The correlation of PGIM ETF is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as PGIM ETF moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PGIM ETF Trust moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for PGIM ETF can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out PGIM ETF Correlation, PGIM ETF Volatility and PGIM ETF Alpha and Beta module to complement your research on PGIM ETF. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
PGIM ETF 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.