Prudential National Muni Fund Probability of Future Mutual Fund Price Finishing Over 13.87
| DNMZX Fund | USD 13.87 0.02 0.14% |
Prudential |
Prudential National Target Price Odds to finish over 13.87
The tendency of Prudential Mutual Fund price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move above the current price in 90 days |
| 13.87 | 90 days | 13.87 | about 77.65 |
Based on a normal probability distribution, the odds of Prudential National to move above the current price in 90 days from now is about 77.65 (This Prudential National Muni probability density function shows the probability of Prudential Mutual Fund to fall within a particular range of prices over 90 days) .
Assuming the 90 days horizon Prudential National has a beta of 0.0156 suggesting as returns on the market go up, Prudential National average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Prudential National Muni will be expected to be much smaller as well. Additionally Prudential National Muni has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Prudential National Price Density |
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Predictive Modules for Prudential National
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Prudential National Muni. Regardless of method or technology, however, to accurately forecast the mutual fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the mutual fund market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Prudential National'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 National Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Prudential National is not an exception. The market had few large corrections towards the Prudential National's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Prudential National Muni, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Prudential National within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.0069 | |
β | Beta against NYSE Composite | 0.02 | |
σ | Overall volatility | 0.05 | |
Ir | Information ratio | -0.67 |
Prudential National Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Prudential National for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Prudential National Muni can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| The fund generated three year return of -1.0% | |
| Prudential National Muni retains about 98.79% of its assets under management (AUM) in fixed income securities |
Prudential National Technical Analysis
Prudential National's future price can be derived by breaking down and analyzing its technical indicators over time. Prudential Mutual Fund technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Prudential National Muni. In general, you should focus on analyzing Prudential Mutual Fund price patterns and their correlations with different microeconomic environments and drivers.
Prudential National Predictive Forecast Models
Prudential National's time-series forecasting models is one of many Prudential National's mutual fund analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Prudential National's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the mutual fund market movement and maximize returns from investment trading.
Things to note about Prudential National Muni
Checking the ongoing alerts about Prudential National for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Prudential National Muni help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| The fund generated three year return of -1.0% | |
| Prudential National Muni retains about 98.79% of its assets under management (AUM) in fixed income securities |
Check out Prudential National Backtesting, Portfolio Optimization, Prudential National Correlation, Prudential National Hype Analysis, Prudential National Volatility, Prudential National History as well as Prudential National Performance. Note that the Prudential National Muni information on this page should be used as a complementary analysis to other Prudential National'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 CEOs Directory module to screen CEOs from public companies around the world.