The fund holds Beta of 0.0 which implies the returns on MARKET and PGIM Global are completely uncorrelated. Although it is extremely important to respect PGIM Global Total
current trending patterns, it is better to be realistic regarding the information on 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
. By evaluating PGIM Global Total technical indicators
you can today evaluate if the expected return of 0.0% will be sustainable into the future.
Risk-Adjusted Fund Performance
Over the last 30 days PGIM Global Total Return CAD Acc has generated negative risk-adjusted returns adding no value to fund investors. In spite of rather sound fundamental drivers, PGIM Global is not utilizing all of its potentials. The current stock price tumult, may contribute to shorter-term losses for the shareholders.
|Fifty Two Week Low||985.89|
|Fifty Two Week High||985.89|
PGIM Global Total Relative Risk vs. Return Landscape
If you would invest (100.00)
in PGIM Global Total Return CAD Acc on June 23, 2019
and sell it today you would earn a total of 100.00
from holding PGIM Global Total Return CAD Acc or generate -100.0%
return on investment over 30
days. PGIM Global Total Return CAD Acc is generating negative expected returns and assumes 0.0% volatility on return distribution over the 30 days horizon. Simply put, 0% of equities are less volatile than PGIM Global and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
PGIM Global Market Risk Analysis
Sharpe Ratio = 0.0
Based on monthly moving average PGIM Global is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of PGIM Global
by adding it to a well-diversified