Prudential Plc (Germany) Market Value
| PRU Stock | EUR 8.75 0.25 2.94% |
| Symbol | Prudential |
Prudential Plc '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 Plc's stock 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 Plc.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Prudential Plc on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Prudential plc or generate 0.0% return on investment in Prudential Plc over 30 days. Prudential Plc is related to or competes with AIA Group, China Mobile, MetLife, Prudential Financial, and Dai Ichi. Prudential plc, through its subsidiaries, provides a range of retail financial products and services, and asset manageme... More
Prudential Plc 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 Plc's stock 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 plc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 9.23 | |||
| Value At Risk | (3.19) | |||
| Potential Upside | 3.1 |
Prudential Plc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prudential Plc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prudential Plc's standard deviation. In reality, there are many statistical measures that can use Prudential Plc historical prices to predict the future Prudential Plc's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | 1.25 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Prudential Plc'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 plc Backtested Returns
Prudential plc maintains Sharpe Ratio (i.e., Efficiency) of -0.0418, which implies the firm had a -0.0418% return per unit of risk over the last 3 months. Prudential plc exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Prudential Plc's Variance of 4.71, coefficient of variation of (3,419), and Risk Adjusted Performance of (0.01) to confirm the risk estimate we provide. The company holds a Beta of -0.059, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Prudential Plc are expected to decrease at a much lower rate. During the bear market, Prudential Plc is likely to outperform the market. Prudential plc has an expected return of -0.0906%. Please make sure to check Prudential plc rate of daily change, price action indicator, and the relationship between the accumulation distribution and day typical price , to decide if Prudential plc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.67 |
Good predictability
Prudential plc has good predictability. Overlapping area represents the amount of predictability between Prudential Plc time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th 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 plc price movement. The serial correlation of 0.67 indicates that around 67.0% of current Prudential Plc price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Prudential plc lagged returns against current returns
Autocorrelation, which is Prudential Plc stock'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 Plc's stock expected returns. We can calculate the autocorrelation of Prudential Plc returns to help us make a trade decision. For example, suppose you find that Prudential Plc has exhibited high autocorrelation historically, and you observe that the stock 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 Plc 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 Plc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prudential Plc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Prudential Plc stock over time.
Current vs Lagged Prices |
| Timeline |
Prudential Plc Lagged Returns
When evaluating Prudential Plc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prudential Plc stock have on its future price. Prudential Plc 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 Plc autocorrelation shows the relationship between Prudential Plc stock current value and its past values and can show if there is a momentum factor associated with investing in Prudential plc.
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 Plc 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 Plc's short interest history, or implied volatility extrapolated from Prudential Plc options trading.
Becoming a Better Investor with Macroaxis
Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Prudential plc using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.Build Optimal Portfolios
Align your risk with return expectations
Check out Prudential Plc Correlation, Prudential Plc Volatility and Prudential Plc Alpha and Beta module to complement your research on Prudential Plc. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Complementary Tools for Prudential Stock analysis
When running Prudential Plc's price analysis, check to measure Prudential Plc's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Prudential Plc is operating at the current time. Most of Prudential Plc's value examination focuses on studying past and present price action to predict the probability of Prudential Plc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Prudential Plc's price. Additionally, you may evaluate how the addition of Prudential Plc to your portfolios can decrease your overall portfolio volatility.
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges |
Prudential Plc technical stock 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, stock market cycles, or different charting patterns.