PRUDENTIAL FINL INC Market Value
| 74432QBN4 | 112.70 1.98 1.73% |
| 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 bond 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.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in PRUDENTIAL on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding PRUDENTIAL FINL INC or generate 0.0% return on investment in PRUDENTIAL over 540 days. PRUDENTIAL is related to or competes with Citizens Bancorp, Hannon Armstrong, Emerson Electric, Inflection Point, Sabra Healthcare, Dream Finders, and Primoris Services. 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 bond 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 FINL INC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.43 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 7.83 | |||
| Value At Risk | (1.70) | |||
| Potential Upside | 2.41 |
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 | 0.0044 | |||
| Jensen Alpha | 0.0043 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | 0.0809 |
PRUDENTIAL FINL INC Backtested Returns
At this point, PRUDENTIAL is very steady. PRUDENTIAL FINL INC maintains Sharpe Ratio (i.e., Efficiency) of 0.0264, which implies the entity had a 0.0264% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for PRUDENTIAL FINL INC, which you can use to evaluate the volatility of the bond. Please check PRUDENTIAL's Semi Deviation of 1.41, risk adjusted performance of 0.0044, and Market Risk Adjusted Performance of 0.0909 to confirm if the risk estimate we provide is consistent with the expected return of 0.0338%. The bond holds a Beta of -0.12, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning PRUDENTIAL are expected to decrease at a much lower rate. During the bear market, PRUDENTIAL is likely to outperform the market.
Auto-correlation | 0.16 |
Very weak predictability
PRUDENTIAL FINL INC has very weak predictability. Overlapping area represents the amount of predictability between PRUDENTIAL time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 FINL INC price movement. The serial correlation of 0.16 indicates that over 16.0% of current PRUDENTIAL price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 5.69 |
PRUDENTIAL FINL INC lagged returns against current returns
Autocorrelation, which is PRUDENTIAL bond'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 bond 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 bond 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 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PRUDENTIAL bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PRUDENTIAL bond 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 bond 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 bond current value and its past values and can show if there is a momentum factor associated with investing in PRUDENTIAL FINL INC.
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 Bond
PRUDENTIAL financial ratios help investors to determine whether PRUDENTIAL Bond 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.