Prudential Floating Rate Fund Manager Performance Evaluation
| FRFAX Fund | USD 9.14 0.01 0.11% |
The fund holds a Beta of 0.0102, which implies not very significant fluctuations relative to the market. As returns on the market increase, Prudential Floating's returns are expected to increase less than the market. However, during the bear market, the loss of holding Prudential Floating is expected to be smaller as well.
Risk-Adjusted Performance
21 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Prudential Floating Rate are ranked lower than 21 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong basic indicators, Prudential Floating is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
...more| Expense Ratio Date | 28th of April 2023 | |
| Expense Ratio | 1.0000 |
PRUDENTIAL |
Prudential Floating Relative Risk vs. Return Landscape
If you would invest 890.00 in Prudential Floating Rate on August 29, 2024 and sell it today you would earn a total of 24.00 from holding Prudential Floating Rate or generate 2.7% return on investment over 90 days. Prudential Floating Rate is currently producing 0.0424% returns and takes up 0.1517% volatility of returns over 90 trading days. Put another way, 1% of traded mutual funds are less volatile than PRUDENTIAL, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Prudential Floating Current Valuation
Undervalued
Today
Please note that Prudential Floating's price fluctuation is very steady at this time. At this time, the fund appears to be undervalued. Prudential Floating Rate holds a recent Real Value of $9.85 per share. The prevailing price of the fund is $9.14. We determine the value of Prudential Floating Rate from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we support acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will merge together.
Since Prudential Floating is currently traded on the exchange, buyers and sellers on that exchange determine the market value of PRUDENTIAL Mutual Fund. However, Prudential Floating's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 9.14 | Real 9.85 | Hype 9.14 | Naive 9.12 |
The intrinsic value of Prudential Floating's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Prudential Floating's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Prudential Floating Rate helps investors to forecast how PRUDENTIAL mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Prudential Floating more accurately as focusing exclusively on Prudential Floating's fundamentals will not take into account other important factors: Prudential Floating Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prudential Floating's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Prudential Floating Rate, and traders can use it to determine the average amount a Prudential Floating's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.2792
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | FRFAX |
Estimated Market Risk
| 0.15 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.28 actual daily | 21 79% of assets perform better |
Based on monthly moving average Prudential Floating is performing at about 21% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Prudential Floating by adding it to a well-diversified portfolio.
Prudential Floating Fundamentals Growth
PRUDENTIAL Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Prudential Floating, and Prudential Floating fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on PRUDENTIAL Mutual Fund performance.
| Total Asset | 174.28 M | |||
About Prudential Floating Performance
Evaluating Prudential Floating's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Prudential Floating has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Prudential Floating has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
The investment seeks to maximize current income capital appreciation is a secondary consideration. PGIM Floating is traded on NASDAQ Exchange in the United States.Things to note about Prudential Floating Rate performance evaluation
Checking the ongoing alerts about Prudential Floating for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Prudential Floating Rate help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| The fund retains about 31.07% of its assets under management (AUM) in fixed income securities |
- Analyzing Prudential Floating's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Prudential Floating's stock is overvalued or undervalued compared to its peers.
- Examining Prudential Floating's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Prudential Floating's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Prudential Floating's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Prudential Floating's mutual fund. These opinions can provide insight into Prudential Floating's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in PRUDENTIAL Mutual Fund
Prudential Floating 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 Floating security.
| Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities |