Prudential Select Real Fund Market Value
| SREZX Fund | USD 14.14 0.04 0.28% |
| Symbol | Prudential |
Prudential Select '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 Select'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 Select.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Prudential Select on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Prudential Select Real or generate 0.0% return on investment in Prudential Select over 180 days. Prudential Select is related to or competes with Prudential Jennison, Prudential Unconstrained, Prudential Jennison, Prudential Jennison, and Prudential Global. The fund seeks to achieve its investment objective by investing primarily in real estate securities More
Prudential Select 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 Select'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 Select Real upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8278 | |||
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 3.33 | |||
| Value At Risk | (1.37) | |||
| Potential Upside | 1.17 |
Prudential Select Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prudential Select's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prudential Select's standard deviation. In reality, there are many statistical measures that can use Prudential Select historical prices to predict the future Prudential Select's volatility.| Risk Adjusted Performance | 0.0452 | |||
| Jensen Alpha | 0.0096 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | 0.178 |
Prudential Select Real Backtested Returns
At this stage we consider Prudential Mutual Fund to be very steady. Prudential Select Real maintains Sharpe Ratio (i.e., Efficiency) of 0.0693, which implies the entity had a 0.0693% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Prudential Select Real, which you can use to evaluate the volatility of the fund. Please check Prudential Select's Coefficient Of Variation of 1679.8, risk adjusted performance of 0.0452, and Semi Deviation of 0.7299 to confirm if the risk estimate we provide is consistent with the expected return of 0.0509%. The fund holds a Beta of 0.19, which implies not very significant fluctuations relative to the market. As returns on the market increase, Prudential Select's returns are expected to increase less than the market. However, during the bear market, the loss of holding Prudential Select is expected to be smaller as well.
Auto-correlation | -0.41 |
Modest reverse predictability
Prudential Select Real has modest reverse predictability. Overlapping area represents the amount of predictability between Prudential Select time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Select Real price movement. The serial correlation of -0.41 indicates that just about 41.0% of current Prudential Select price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Prudential Select Real lagged returns against current returns
Autocorrelation, which is Prudential Select 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 Select's mutual fund expected returns. We can calculate the autocorrelation of Prudential Select returns to help us make a trade decision. For example, suppose you find that Prudential Select 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 Select 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 Select mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prudential Select 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 Select mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Prudential Select Lagged Returns
When evaluating Prudential Select's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prudential Select mutual fund have on its future price. Prudential Select 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 Select autocorrelation shows the relationship between Prudential Select mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Prudential Select Real.
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 Select 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 Select security.
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes |