Jennison Natural Resources Fund Market Value
| PJNQX Fund | USD 58.88 0.50 0.86% |
| Symbol | Jennison |
Jennison Natural '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 Jennison Natural'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 Jennison Natural.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Jennison Natural on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Jennison Natural Resources or generate 0.0% return on investment in Jennison Natural over 540 days. Jennison Natural is related to or competes with Evaluator Conservative, Jhancock Diversified, Adams Diversified, Pgim Conservative, Blackrock Conservative, and Huber Capital. The fund normally invests at least 80 percent of investable assets in equity and equity-related securities of natural re... More
Jennison Natural 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 Jennison Natural'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 Jennison Natural Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.51 | |||
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 5.46 | |||
| Value At Risk | (2.27) | |||
| Potential Upside | 2.09 |
Jennison Natural Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jennison Natural's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jennison Natural's standard deviation. In reality, there are many statistical measures that can use Jennison Natural historical prices to predict the future Jennison Natural's volatility.| Risk Adjusted Performance | 0.005 | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | (0.01) |
Jennison Natural Res Backtested Returns
At this stage we consider Jennison Mutual Fund to be very steady. Jennison Natural Res holds Efficiency (Sharpe) Ratio of 0.0832, which attests that the entity had a 0.0832% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Jennison Natural Res, which you can use to evaluate the volatility of the entity. Please check out Jennison Natural's Risk Adjusted Performance of 0.005, downside deviation of 1.51, and Market Risk Adjusted Performance of (0.001) to validate if the risk estimate we provide is consistent with the expected return of 0.0904%. The fund retains a Market Volatility (i.e., Beta) of 0.74, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Jennison Natural's returns are expected to increase less than the market. However, during the bear market, the loss of holding Jennison Natural is expected to be smaller as well.
Auto-correlation | 0.62 |
Good predictability
Jennison Natural Resources has good predictability. Overlapping area represents the amount of predictability between Jennison Natural time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Jennison Natural Res price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Jennison Natural price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 4.97 |
Jennison Natural Res lagged returns against current returns
Autocorrelation, which is Jennison Natural 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 Jennison Natural's mutual fund expected returns. We can calculate the autocorrelation of Jennison Natural returns to help us make a trade decision. For example, suppose you find that Jennison Natural 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 |
Jennison Natural 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 Jennison Natural mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jennison Natural mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jennison Natural mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Jennison Natural Lagged Returns
When evaluating Jennison Natural's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jennison Natural mutual fund have on its future price. Jennison Natural 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, Jennison Natural autocorrelation shows the relationship between Jennison Natural mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Jennison Natural Resources.
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 Jennison Mutual Fund
Jennison Natural financial ratios help investors to determine whether Jennison 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 Jennison with respect to the benefits of owning Jennison Natural security.
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