Prudential E Bond Fund Market Value
| TPCAX Fund | USD 8.76 0.01 0.11% |
| Symbol | Prudential |
Prudential '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'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.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in Prudential on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding Prudential E Bond or generate 0.0% return on investment in Prudential over 90 days. Prudential is related to or competes with Qs Moderate, Sa Worldwide, Blackrock Moderate, Fidelity Managed, and Putnman Retirement. The fund invests, under normal circumstances, at least 80 percent of the funds investable assets in bonds More
Prudential 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'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 E Bond upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.50) | |||
| Maximum Drawdown | 1.38 | |||
| Value At Risk | (0.68) | |||
| Potential Upside | 0.4582 |
Prudential Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prudential's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prudential's standard deviation. In reality, there are many statistical measures that can use Prudential historical prices to predict the future Prudential's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | (0.44) |
Prudential E Bond Backtested Returns
Prudential E Bond maintains Sharpe Ratio (i.e., Efficiency) of -0.0921, which implies the entity had a -0.0921% return per unit of risk over the last 3 months. Prudential E Bond exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Prudential's Coefficient Of Variation of (1,085), risk adjusted performance of (0.08), and Variance of 0.0912 to confirm the risk estimate we provide. The fund holds a Beta of 0.0862, which implies not very significant fluctuations relative to the market. As returns on the market increase, Prudential's returns are expected to increase less than the market. However, during the bear market, the loss of holding Prudential is expected to be smaller as well.
Auto-correlation | -0.7 |
Very good reverse predictability
Prudential E Bond has very good reverse predictability. Overlapping area represents the amount of predictability between Prudential time series from 12th of September 2024 to 27th of October 2024 and 27th of October 2024 to 11th of December 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 E Bond price movement. The serial correlation of -0.7 indicates that around 70.0% of current Prudential price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Prudential E Bond lagged returns against current returns
Autocorrelation, which is Prudential 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's mutual fund expected returns. We can calculate the autocorrelation of Prudential returns to help us make a trade decision. For example, suppose you find that Prudential 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 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 mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prudential 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 mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Prudential Lagged Returns
When evaluating Prudential's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prudential mutual fund have on its future price. Prudential 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 autocorrelation shows the relationship between Prudential mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Prudential E Bond.
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 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 security.
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