Prudential High Yield Fund Quote
JDYRX Fund | USD 4.73 0.01 0.21% |
Performance7 of 100
| Odds Of DistressLess than 40
|
Prudential High is trading at 4.73 as of the 29th of March 2024; that is 0.21 percent increase since the beginning of the trading day. The fund's open price was 4.72. Prudential High has about a 40 percent probability of financial distress in the next few years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Prudential High Yield are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 28th of February 2024 and ending today, the 29th of March 2024. Click here to learn more.
The fund normally invests at least 80 percent of its investable assets in a diversified portfolio of high yield fixed-income instruments rated Ba or lower by Moodys Investors Service or BB or lower by SP Global Ratings , and instruments either rated by another nationally recognized statistical rating organization , or considered to be of comparable quality, that is, junk bonds. More on Prudential High Yield
Moving together with Prudential Mutual Fund
0.77 | VWEAX | Vanguard High-yield | PairCorr |
0.77 | VWEHX | Vanguard High-yield | PairCorr |
0.75 | BHYCX | Blackrock Hi Yld | PairCorr |
0.75 | BHYIX | Blackrock High Yield | PairCorr |
0.74 | BHYSX | Blackrock Hi Yld | PairCorr |
0.74 | BHYAX | Blackrock High Yield | PairCorr |
0.71 | FAHHX | American Funds American | PairCorr |
Prudential Mutual Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Prudential High's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Prudential High or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Fund Concentration | High Yield Bond, PGIM Funds (Prudential) (View all Sectors) |
Update Date | 31st of March 2024 |
Prudential High Yield [JDYRX] is traded in USA and was established 29th of March 2024. The fund is listed under High Yield Bond category and is part of PGIM Funds (Prudential) family. This fund currently has accumulated 7.59 B in assets under management (AUM) with no minimum investment requirementsPrudential High Yield is currently producing year-to-date (YTD) return of 1.53% with the current yeild of 0.07%, while the total return for the last 3 years was 1.38%.
Check Prudential High Probability Of Bankruptcy
Instrument Allocation
Top Prudential High Yield Mutual Fund Constituents
CHK | Chesapeake Energy Corp | Stock | Energy |
HYG | IShares IBoxx High | Etf | High Yield Bond |
JNK | SPDR Bloomberg High | Etf | High Yield Bond |
SHYG | IShares 0 5 Year | Etf | High Yield Bond |
USHY | IShares Broad USD | Etf | High Yield Bond |
Prudential High Yield Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Prudential High market risk premium is the additional return an investor will receive from holding Prudential High long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Prudential High. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Prudential High's alpha and beta are two of the key measurements used to evaluate Prudential High's performance over the market, the standard measures of volatility play an important role as well.
Mean Deviation | 0.1524 | |||
Semi Deviation | 0.0997 | |||
Standard Deviation | 0.215 | |||
Variance | 0.0462 |
Prudential High Against Markets
Picking the right benchmark for Prudential High mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Prudential High mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Prudential High is critical whether you are bullish or bearish towards Prudential High Yield at a given time. Please also check how Prudential High's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Prudential High without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy Prudential Mutual Fund?
Before investing in Prudential High, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Prudential High. To buy Prudential High fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Prudential High. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Prudential High fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Prudential High Yield fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Prudential High Yield fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Prudential High Yield, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Prudential High Yield?
The danger of trading Prudential High Yield is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Prudential High is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Prudential High. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Prudential High Yield is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Prudential High Yield. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Complementary Tools for Prudential Mutual Fund analysis
When running Prudential High's price analysis, check to measure Prudential High'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 High is operating at the current time. Most of Prudential High's value examination focuses on studying past and present price action to predict the probability of Prudential High'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 High's price. Additionally, you may evaluate how the addition of Prudential High to your portfolios can decrease your overall portfolio volatility.
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