Pgim Jennison Mid Cap Fund Market Value
| PEGGX Fund | USD 21.07 0.80 3.66% |
| Symbol | Pgim |
Pgim 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 Pgim 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 Pgim Jennison.
| 03/17/2024 |
| 04/16/2024 |
If you would invest 0.00 in Pgim Jennison on March 17, 2024 and sell it all today you would earn a total of 0.00 from holding Pgim Jennison Mid Cap or generate 0.0% return on investment in Pgim Jennison over 30 days. Pgim Jennison is related to or competes with Prudential Jennison, Prudential Jennison, Pgim Jennison, Pgim Jennison, Prudential Jennison, Prudential Government, and Pgim Jennison. The fund normally invests at least 80 percent of its investable assets in equity and equity-related securities of medium... More
Pgim 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 Pgim 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 Pgim Jennison Mid Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.09 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 3.46 | |||
| Value At Risk | (1.55) | |||
| Potential Upside | 1.29 |
Pgim Jennison Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pgim Jennison's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pgim Jennison's standard deviation. In reality, there are many statistical measures that can use Pgim Jennison historical prices to predict the future Pgim Jennison's volatility.| Risk Adjusted Performance | 0.0362 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0344 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pgim 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.
Pgim Jennison Mid Backtested Returns
We consider Pgim Jennison very steady. Pgim Jennison Mid maintains Sharpe Ratio (i.e., Efficiency) of 0.067, which implies the entity had a 0.067% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Pgim Jennison Mid, which you can use to evaluate the volatility of the fund. Please check Pgim Jennison's Coefficient Of Variation of 1914.84, semi deviation of 1.01, and Risk Adjusted Performance of 0.0362 to confirm if the risk estimate we provide is consistent with the expected return of 0.0656%. The fund holds a Beta of 1.16, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Pgim Jennison will likely underperform.
Auto-correlation | -0.77 |
Almost perfect reverse predictability
Pgim Jennison Mid Cap has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Pgim Jennison time series from 17th of March 2024 to 1st of April 2024 and 1st of April 2024 to 16th 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 Pgim Jennison Mid price movement. The serial correlation of -0.77 indicates that around 77.0% of current Pgim Jennison price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.77 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Pgim Jennison Mid lagged returns against current returns
Autocorrelation, which is Pgim 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 Pgim Jennison's mutual fund expected returns. We can calculate the autocorrelation of Pgim Jennison returns to help us make a trade decision. For example, suppose you find that Pgim 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 |
| Timeline |
Pgim 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 Pgim Jennison mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pgim 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 Pgim Jennison mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pgim Jennison Lagged Returns
When evaluating Pgim Jennison's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pgim Jennison mutual fund have on its future price. Pgim 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, Pgim Jennison autocorrelation shows the relationship between Pgim Jennison mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pgim Jennison Mid Cap.
Regressed Prices |
| Timeline |
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Check out Pgim Jennison Correlation, Pgim Jennison Volatility and Pgim Jennison Alpha and Beta module to complement your research on Pgim Jennison. Note that the Pgim Jennison Mid information on this page should be used as a complementary analysis to other Pgim 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 Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Pgim 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.