Prudential Plc (Mexico) Market Value
| PUKN Stock | MXN 439.00 0.00 0.00% |
| Symbol | Prudential |
Prudential Plc '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 Plc's stock 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 Plc.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Prudential Plc on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Prudential plc or generate 0.0% return on investment in Prudential Plc over 30 days. Prudential Plc is related to or competes with Select Sector, Promotora, IShares Global, SPDR Series, Vanguard World, and IShares Trust. Prudential plc, through its subsidiaries, provides life and health insurance, and retirement and asset management soluti... More
Prudential Plc 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 Plc's stock 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 plc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (19.57) | |||
| Maximum Drawdown | 0.0319 |
Prudential Plc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prudential Plc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prudential Plc's standard deviation. In reality, there are many statistical measures that can use Prudential Plc historical prices to predict the future Prudential Plc's volatility.| Risk Adjusted Performance | (1.35) | |||
| Total Risk Alpha | (0.01) |
Prudential plc Backtested Returns
We have found thirteen technical indicators for Prudential plc, which you can use to evaluate the volatility of the company. Please check Prudential Plc's Information Ratio of (19.57), risk adjusted performance of (1.35), and Standard Deviation of 0.0056 to confirm if the risk estimate we provide is consistent with the expected return of 0.0%. The company holds a Beta of 0.0, which implies not very significant fluctuations relative to the market. the returns on MARKET and Prudential Plc are completely uncorrelated. Prudential plc right now holds a risk of 0.0058%. Please check Prudential plc coefficient of variation, variance, skewness, as well as the relationship between the standard deviation and information ratio , to decide if Prudential plc will be following its historical price patterns.
Auto-correlation | 0.00 |
No correlation between past and present
Prudential plc has no correlation between past and present. Overlapping area represents the amount of predictability between Prudential Plc time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 plc price movement. The serial correlation of 0.0 indicates that just 0.0% of current Prudential Plc price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Prudential plc lagged returns against current returns
Autocorrelation, which is Prudential Plc stock'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 Plc's stock expected returns. We can calculate the autocorrelation of Prudential Plc returns to help us make a trade decision. For example, suppose you find that Prudential Plc has exhibited high autocorrelation historically, and you observe that the stock 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 Plc 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 Plc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prudential Plc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Prudential Plc stock over time.
Current vs Lagged Prices |
| Timeline |
Prudential Plc Lagged Returns
When evaluating Prudential Plc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prudential Plc stock have on its future price. Prudential Plc 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 Plc autocorrelation shows the relationship between Prudential Plc stock current value and its past values and can show if there is a momentum factor associated with investing in Prudential plc.
Regressed Prices |
| Timeline |
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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.Additional Tools for Prudential Stock Analysis
When running Prudential Plc's price analysis, check to measure Prudential Plc's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Prudential Plc is operating at the current time. Most of Prudential Plc's value examination focuses on studying past and present price action to predict the probability of Prudential Plc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Prudential Plc's price. Additionally, you may evaluate how the addition of Prudential Plc to your portfolios can decrease your overall portfolio volatility.