Pgim Jennison Natural Fund Market Value
PNRZX Fund | USD 57.34 0.94 1.67% |
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.
02/27/2024 |
| 03/28/2024 |
If you would invest 0.00 in Pgim Jennison on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Pgim Jennison Natural or generate 0.0% return on investment in Pgim Jennison over 30 days. Pgim Jennison is related to or competes with USCF Gold, Prudential Jennison, Prudential Jennison, Prudential Jennison, Jennison Natural, and Prudential Short. The fund normally invests at least 80 percent of investable assets in equity and equity-related securities of natural re... 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 Natural upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 1.15 | |||
Information Ratio | (0.03) | |||
Maximum Drawdown | 4.25 | |||
Value At Risk | (1.66) | |||
Potential Upside | 1.72 |
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 | 0.0594 | |||
Jensen Alpha | (0.06) | |||
Total Risk Alpha | (0.14) | |||
Sortino Ratio | (0.02) | |||
Treynor Ratio | 0.0749 |
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 Natural Backtested Returns
We consider Pgim Jennison very steady. Pgim Jennison Natural maintains Sharpe Ratio (i.e., Efficiency) of 0.1, which implies the entity had a 0.1% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Pgim Jennison Natural, which you can use to evaluate the volatility of the fund. Please check Pgim Jennison's Coefficient Of Variation of 1017.42, risk adjusted performance of 0.0594, and Semi Deviation of 1.02 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%. The fund holds a Beta of 1.28, 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 | 0.83 |
Very good predictability
Pgim Jennison Natural has very good predictability. Overlapping area represents the amount of predictability between Pgim Jennison time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 Natural price movement. The serial correlation of 0.83 indicates that around 83.0% of current Pgim Jennison price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.83 | |
Spearman Rank Test | 0.74 | |
Residual Average | 0.0 | |
Price Variance | 0.57 |
Pgim Jennison Natural 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 Natural.
Regressed Prices |
Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Pgim Jennison in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Pgim Jennison's short interest history, or implied volatility extrapolated from Pgim Jennison options trading.
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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 Natural 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.
Complementary Tools for Pgim Mutual Fund analysis
When running Pgim Jennison's price analysis, check to measure Pgim Jennison'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 Jennison is operating at the current time. Most of Pgim Jennison's value examination focuses on studying past and present price action to predict the probability of Pgim Jennison's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pgim Jennison's price. Additionally, you may evaluate how the addition of Pgim Jennison to your portfolios can decrease your overall portfolio volatility.
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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.