Prudential Real Estate Fund Market Value
| PRKZX Fund | USD 6.49 0.06 0.93% |
| Symbol | Prudential |
Prudential Real '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 Real'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 Real.
| 05/04/2022 |
| 04/23/2024 |
If you would invest 0.00 in Prudential Real on May 4, 2022 and sell it all today you would earn a total of 0.00 from holding Prudential Real Estate or generate 0.0% return on investment in Prudential Real over 720 days. Prudential Real is related to or competes with Realty Income, Dynex Capital, First Industrial, Healthcare Realty, Kennedy Wilson, Belpointe PREP, and Park Hotels. The fund seeks to achieve its investment objective by investing primarily in real estate securities that the subadviser ... More
Prudential Real 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 Real'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 Real Estate upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 5.04 | |||
| Value At Risk | (1.34) | |||
| Potential Upside | 1.23 |
Prudential Real Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prudential Real's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prudential Real's standard deviation. In reality, there are many statistical measures that can use Prudential Real historical prices to predict the future Prudential Real's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | 1.03 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Prudential Real's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Prudential Real Estate Backtested Returns
Prudential Real Estate maintains Sharpe Ratio (i.e., Efficiency) of -0.017, which implies the entity had a -0.017% return per unit of risk over the last 3 months. Prudential Real Estate exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Prudential Real's Coefficient Of Variation of (2,791), risk adjusted performance of (0.02), and Variance of 0.7579 to confirm the risk estimate we provide. The fund holds a Beta of -0.0401, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Prudential Real are expected to decrease at a much lower rate. During the bear market, Prudential Real is likely to outperform the market.
Auto-correlation | 0.27 |
Poor predictability
Prudential Real Estate has poor predictability. Overlapping area represents the amount of predictability between Prudential Real time series from 4th of May 2022 to 29th of April 2023 and 29th of April 2023 to 23rd of April 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 Real Estate price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Prudential Real price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Prudential Real Estate lagged returns against current returns
Autocorrelation, which is Prudential Real 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 Real's mutual fund expected returns. We can calculate the autocorrelation of Prudential Real returns to help us make a trade decision. For example, suppose you find that Prudential Real 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 Real 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 Real mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prudential Real 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 Real mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Prudential Real Lagged Returns
When evaluating Prudential Real's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prudential Real mutual fund have on its future price. Prudential Real 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 Real autocorrelation shows the relationship between Prudential Real mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Prudential Real Estate.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Prudential Real in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Prudential Real's short interest history, or implied volatility extrapolated from Prudential Real options trading.
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Check out Prudential Real Correlation, Prudential Real Volatility and Prudential Real Alpha and Beta module to complement your research on Prudential Real. Note that the Prudential Real Estate information on this page should be used as a complementary analysis to other Prudential Real's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
Prudential Real technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.