Macroaxis considers PGIM QMA not too volatile given 3 months investment horizon. PGIM QMA Mid
maintains Sharpe Ratio (i.e. Efficiency) of 0.7626 which implies the entity had 0.7626% of return per unit of volatility over the last 3 months. Our way of forecasting volatility of a fund is to use all available market data together with fund specific technical indicators
that cannot be diversified away. By evaluating PGIM QMA Mid technical indicators
you can today evaluate if the expected return of 0.8555% is justified by implied risk. Please employ PGIM QMA Mid Semi Deviation
of 0.2401 and Risk Adjusted Performance
of 0.0846 to confirm if our risk estimates are consistent with your expectations. The fund holds Beta of -0.0033 which implies as returns on market increase, returns on owning PGIM QMA are expected to decrease at a much smaller rate. During bear market, PGIM QMA is likely to outperform the market. Although it is vital to follow to PGIM QMA Mid
current trending patterns, it is good to be conservative about what you can actually do with the information regarding equity existing price patterns
. The way of forecasting future performance of any fund is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators
. We have found twenty-one technical indicators
for PGIM QMA Mid which you can use to evaluate performance of the fund.
No correlation between past and present
PGIM QMA Mid Cap Value Fund Cla has no correlation between past and present. Overlapping area represents the amount of predictability between PGIM QMA time series from June 18, 2019 to August 2, 2019 and August 2, 2019 to September 16, 2019. 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 QMA Mid price movement. The serial correlation of 0.0 indicates that just 0.0% of current PGIM QMA price fluctuation can be explain by its past prices.