PRHCX Mutual Fund Quote

PRHCX
 Fund
  

USD 4.60  0.02  0.43%   

Market Performance
0 of 100
Odds Of Distress
Less than 1
PGIM High is trading at 4.60 as of the 2nd of July 2022; that is -0.43 percent decrease since the beginning of the trading day. The fund's open price was 4.62. PGIM High has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for PGIM High Yield are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 2nd of June 2022 and ending today, the 2nd of July 2022. Click here to learn more.
The investment seeks to maximize current income and capital appreciation is a secondary objective. PGIM High is traded on NASDAQ Exchange in the United States. More on PGIM High Yield

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PGIM High 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. If you consider yourself one of those investors, make sure you clearly understand your entering position. PGIM High's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding PGIM High or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
PGIM High Yield generated a negative expected return over the last 90 days
PGIM High Yield is unlikely to experience financial distress in the next 2 years
The fund maintains about 5.34% of its assets in cash
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of PGIM High's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Startdate16th of October 2007
PGIM High Yield [PRHCX] is traded in USA and was established 2nd of July 2022. The fund is listed under High Yield Bond category and is part of PGIM Funds (Prudential) family. PGIM High Yield at this time has accumulated 22.71 B in assets with no minimum investment requirements, while the total return for the last 3 years was 2.34%.
Check PGIM High Probability Of Bankruptcy

Instrument Allocation

Sector Allocation (%)

Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on PRHCX Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding PRHCX Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as PGIM High Yield Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.

Top PGIM High Yield Constituents

PGIM High Target Price Odds Analysis

What are PGIM High's target price odds to finish over the current price? Based on a normal probability distribution, the odds of PGIM High jumping above the current price in 90 days from now is about 97.0%. The PGIM High Yield probability density function shows the probability of PGIM High mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon PGIM High has a beta of 0.1961 indicating as returns on the market go up, PGIM High average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding PGIM High Yield will be expected to be much smaller as well. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. PGIM High Yield is significantly underperforming DOW.
  Odds Below 4.6HorizonTargetOdds Above 4.6
2.63%90 days
 4.60 
97.31%
Based on a normal probability distribution, the odds of PGIM High to move above the current price in 90 days from now is about 97.0 (This PGIM High Yield probability density function shows the probability of PRHCX Mutual Fund to fall within a particular range of prices over 90 days) .

PGIM High Yield Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. PGIM High market risk premium is the additional return an investor will receive from holding PGIM 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 PGIM 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 PGIM High's alpha and beta are two of the key measurements used to evaluate PGIM High's performance over the market, the standard measures of volatility play an important role as well.

PGIM High Against Markets

Picking the right benchmark for PGIM 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 PGIM 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 PGIM High is critical whether you are bullish or bearish towards PGIM High Yield at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in PGIM High without increasing your portfolio risk or giving up 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.

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Investing PGIM High Yield

You need to understand the risk of investing before taking a position in PGIM High. The danger of trading PGIM 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 PGIM 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 PGIM High. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile PGIM 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.
Please check Your Equity Center. Note that the PGIM High Yield information on this page should be used as a complementary analysis to other PGIM High'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 Transaction History module to view history of all your transactions and understand their impact on performance.

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When running PGIM High Yield price analysis, check to measure PGIM 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 PGIM High is operating at the current time. Most of PGIM High's value examination focuses on studying past and present price action to predict the probability of PGIM High's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move PGIM High's price. Additionally, you may evaluate how the addition of PGIM High to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between PGIM High's value and its price as these two are different measures arrived at by different means. Investors typically determine PGIM High value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PGIM High's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.