Pgim Securitized Credit Fund Market Value
| SCFVX Fund | USD 9.74 0.01 0.10% |
| Symbol | Pgim |
Pgim Securitized '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 Securitized'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 Pgim Securitized.
| 09/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Pgim Securitized on September 27, 2024 and sell it all today you would earn a total of 0.00 from holding Pgim Securitized Credit or generate 0.0% return on investment in Pgim Securitized over 60 days. Pgim Securitized is related to or competes with Franklin Adjustable, Dunham Corporate/govern, Virtus Seix, Blackrock, Short-term Government, Us Government, and Lord Abbett. Under normal market conditions, the fund invests at least 80 percent of its investable assets in securitized credit inve... More
Pgim Securitized 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 Securitized'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 Pgim Securitized Credit upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.93) | |||
| Maximum Drawdown | 0.7264 | |||
| Potential Upside | 0.1046 |
Pgim Securitized Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pgim Securitized's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pgim Securitized's standard deviation. In reality, there are many statistical measures that can use Pgim Securitized historical prices to predict the future Pgim Securitized's volatility.| Risk Adjusted Performance | 0.1376 | |||
| Jensen Alpha | 0.0194 | |||
| Total Risk Alpha | 0.001 | |||
| Treynor Ratio | (2.04) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pgim Securitized'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 Securitized Credit Backtested Returns
At this stage we consider Pgim Mutual Fund to be very steady. Pgim Securitized Credit maintains Sharpe Ratio (i.e., Efficiency) of 0.25, which implies the entity had a 0.25% return per unit of risk over the last 3 months. We have found twenty technical indicators for Pgim Securitized Credit, which you can use to evaluate the volatility of the fund. Please check Pgim Securitized's Risk Adjusted Performance of 0.1376, coefficient of variation of 388.71, and Variance of 0.0121 to confirm if the risk estimate we provide is consistent with the expected return of 0.028%. The fund holds a Beta of -0.009, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Pgim Securitized are expected to decrease at a much lower rate. During the bear market, Pgim Securitized is likely to outperform the market.
Auto-correlation | 0.57 |
Modest predictability
Pgim Securitized Credit has modest predictability. Overlapping area represents the amount of predictability between Pgim Securitized time series from 27th of September 2024 to 27th of October 2024 and 27th of October 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 Pgim Securitized Credit price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Pgim Securitized price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.91 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Pgim Securitized Credit lagged returns against current returns
Autocorrelation, which is Pgim Securitized 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 Pgim Securitized's mutual fund expected returns. We can calculate the autocorrelation of Pgim Securitized returns to help us make a trade decision. For example, suppose you find that Pgim Securitized 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 |
Pgim Securitized 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 Securitized mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pgim Securitized mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pgim Securitized mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pgim Securitized Lagged Returns
When evaluating Pgim Securitized's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pgim Securitized mutual fund have on its future price. Pgim Securitized 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 Securitized autocorrelation shows the relationship between Pgim Securitized mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pgim Securitized Credit.
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 Pgim Mutual Fund
Pgim Securitized financial ratios help investors to determine whether Pgim 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 Pgim with respect to the benefits of owning Pgim Securitized security.
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