Prudential Jennison Servative Fund Market Value
| TBDAX Fund | USD 21.20 0.18 0.86% |
| Symbol | Prudential |
Prudential Jennison '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 Jennison'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 Jennison.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Prudential Jennison on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Prudential Jennison Servative or generate 0.0% return on investment in Prudential Jennison over 30 days. Prudential Jennison is related to or competes with Prudential Qma, Prudential Jennison, Prudential Jennison, Prudential Qma, and Prudential Balanced. The fund normally invests at least 80 percent of its investable assets in equity and equity-related securities of compan... More
Prudential Jennison 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 Jennison'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 Jennison Servative upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.43 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 5.11 | |||
| Value At Risk | (2.42) | |||
| Potential Upside | 1.69 |
Prudential Jennison Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prudential Jennison's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prudential Jennison's standard deviation. In reality, there are many statistical measures that can use Prudential Jennison historical prices to predict the future Prudential Jennison's volatility.| Risk Adjusted Performance | 0.09 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.121 |
Prudential Jennison Backtested Returns
At this stage we consider Prudential Mutual Fund to be very steady. Prudential Jennison maintains Sharpe Ratio (i.e., Efficiency) of 0.16, which implies the entity had a 0.16% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Prudential Jennison, which you can use to evaluate the volatility of the fund. Please check Prudential Jennison's Coefficient Of Variation of 879.24, risk adjusted performance of 0.09, and Semi Deviation of 1.09 to confirm if the risk estimate we provide is consistent with the expected return of 0.16%. The fund holds a Beta of 0.96, which implies possible diversification benefits within a given portfolio. Prudential Jennison returns are very sensitive to returns on the market. As the market goes up or down, Prudential Jennison is expected to follow.
Auto-correlation | 0.87 |
Very good predictability
Prudential Jennison Servative has very good predictability. Overlapping area represents the amount of predictability between Prudential Jennison time series from 31st of October 2024 to 15th of November 2024 and 15th of November 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 Jennison price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current Prudential Jennison price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Prudential Jennison lagged returns against current returns
Autocorrelation, which is Prudential Jennison 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 Jennison's mutual fund expected returns. We can calculate the autocorrelation of Prudential Jennison returns to help us make a trade decision. For example, suppose you find that Prudential Jennison 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 Jennison 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 Jennison mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prudential Jennison 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 Jennison mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Prudential Jennison Lagged Returns
When evaluating Prudential Jennison's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prudential Jennison mutual fund have on its future price. Prudential Jennison 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 Jennison autocorrelation shows the relationship between Prudential Jennison mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Prudential Jennison Servative.
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 Jennison 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 Jennison security.
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