Prudential Utility Year To Date Return vs. Ten Year Return
| JDURX Fund | USD 16.51 0.04 0.24% |
For Prudential Utility profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Prudential Utility to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Prudential Utility Fund utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Prudential Utility's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Prudential Utility Fund over time as well as its relative position and ranking within its peers.
Prudential |
Prudential Utility Ten Year Return vs. Year To Date Return Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Prudential Utility's current stock value. Our valuation model uses many indicators to compare Prudential Utility value to that of its competitors to determine the firm's financial worth. Prudential Utility Fund is currently considered the top fund in year to date return among similar funds. It also is currently considered the top fund in ten year return among similar funds reporting about 0.38 of Ten Year Return per Year To Date Return. The ratio of Year To Date Return to Ten Year Return for Prudential Utility Fund is roughly 2.63 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Prudential Utility's earnings, one of the primary drivers of an investment's value.Prudential Ten Year Return vs. Year To Date Return
Year to Date Return (YTD) is the total return generated from holding a security from the beginning of the current fiscal year. In other words, YTD Return represents the capital appreciation of your investments from the start of the current fiscal year.
Prudential Utility |
| = | 30.44 % |
Year-To-Date typically refers to a period starting from the beginning of the current year and continuing up to the present day. Investors should becareful when comparing YTD ratios if not much of the year has occurred as research shows that YTD measures are more sensitive to early periods than late.
Ten Year Return shows the total annualized return generated from holding a fund for the last 10 years and represents fund's capital appreciation, including dividends losses and capital gains distributions. This return indicator is considered by many investors to be the ultimate measures of fund performance and can reflect the overall performance of the market or market segment it invests in.
Prudential Utility |
| = | 11.59 % |
Although Ten Year Fund Return indicator can give a sense of overall fund long-term potential, it is recommended to compare funds performances against other similar funds or market benchmarks for the same 10-year interval.
Prudential Ten Year Return Comparison
Prudential Utility is currently under evaluation in ten year return among similar funds.
Prudential Utility Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Prudential Utility, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Prudential Utility will eventually generate negative long term returns. The profitability progress is the general direction of Prudential Utility's change in net profit over the period of time. It can combine multiple indicators of Prudential Utility, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
The fund normally invests at least 80 percent of its investable assets in equity and equity-related and investment-grade debt securities of utility companies. The term investable assets refers to the funds net assets plus any borrowings for investment purposes. The funds investable assets will be less than its total assets to the extent that it has borrowed money for non-investment purposes, such as to meet anticipated redemptions. It is non-diversified.
Prudential Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Prudential Utility. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Prudential Utility position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Prudential Utility's important profitability drivers and their relationship over time.
Use Prudential Utility in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Prudential Utility position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Prudential Utility will appreciate offsetting losses from the drop in the long position's value.Prudential Utility Pair Trading
Prudential Utility Fund Pair Trading Analysis
The ability to find closely correlated positions to Prudential Utility could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Prudential Utility when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Prudential Utility - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Prudential Utility Fund to buy it.
The correlation of Prudential Utility is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Prudential Utility moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Prudential Utility moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Prudential Utility can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Prudential Utility position
In addition to having Prudential Utility in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Cash Cows
Entities with stable and reliable earnings or profits, which allows them to pay consistent dividends to their shareholders. The Cash Cows theme has 25 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Cash Cows Theme or any other thematic opportunities.
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Other Information on Investing in Prudential Mutual Fund
To fully project Prudential Utility's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Prudential Utility at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Prudential Utility's income statement, its balance sheet, and the statement of cash flows.
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