Prudential Jennison Mid Cap Fund Market Value
| PEGCX Fund | USD 19.09 0.20 1.04% |
| Symbol | PRUDENTIAL |
Prudential Jennison '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 Jennison'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 Jennison.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Prudential Jennison on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Prudential Jennison Mid Cap or generate 0.0% return on investment in Prudential Jennison over 30 days. Prudential Jennison is related to or competes with Prudential Jennison, Prudential Jennison, Prudential Jennison, Prudential Short, Prudential Short, Prudential Short, and Prudential Emerging. The fund normally invests at least 80 percent of its investable assets in equity and equity-related securities of medium... More
Prudential Jennison 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 Jennison'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 Jennison Mid Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.09 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 5.6 | |||
| Value At Risk | (1.53) | |||
| Potential Upside | 1.31 |
Prudential Jennison Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prudential Jennison's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prudential Jennison's standard deviation. In reality, there are many statistical measures that can use Prudential Jennison historical prices to predict the future Prudential Jennison's volatility.| Risk Adjusted Performance | 0.0204 | |||
| Jensen Alpha | 0.0148 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.6726 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Prudential Jennison'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 Jennison Mid Backtested Returns
Prudential Jennison Mid maintains Sharpe Ratio (i.e., Efficiency) of -0.01, which implies the entity had a -0.01% return per unit of risk over the last 3 months. Prudential Jennison Mid exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Prudential Jennison's Risk Adjusted Performance of 0.0204, coefficient of variation of 3687.57, and Semi Deviation of 1.03 to confirm the risk estimate we provide. The fund holds a Beta of 0.0241, which implies not very significant fluctuations relative to the market. As returns on the market increase, Prudential Jennison's returns are expected to increase less than the market. However, during the bear market, the loss of holding Prudential Jennison is expected to be smaller as well.
Auto-correlation | 0.66 |
Good predictability
Prudential Jennison Mid Cap has good predictability. Overlapping area represents the amount of predictability between Prudential Jennison time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th 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 Jennison Mid price movement. The serial correlation of 0.66 indicates that around 66.0% of current Prudential Jennison price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
Prudential Jennison Mid lagged returns against current returns
Autocorrelation, which is Prudential Jennison 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 Jennison's mutual fund expected returns. We can calculate the autocorrelation of Prudential Jennison returns to help us make a trade decision. For example, suppose you find that Prudential Jennison 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 |
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Prudential Jennison 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 Jennison mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prudential Jennison 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 Jennison mutual fund over time.
Current vs Lagged Prices |
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Prudential Jennison Lagged Returns
When evaluating Prudential Jennison's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prudential Jennison mutual fund have on its future price. Prudential Jennison 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 Jennison autocorrelation shows the relationship between Prudential Jennison mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Prudential Jennison Mid Cap.
Regressed Prices |
| Timeline |
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Check out Prudential Jennison Correlation, Prudential Jennison Volatility and Prudential Jennison Alpha and Beta module to complement your research on Prudential Jennison. Note that the Prudential Jennison Mid information on this page should be used as a complementary analysis to other Prudential Jennison'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 Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Prudential Jennison 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.