|Horizon||30 Days Login to change|
PGIM Global Market Sensitivity
|As returns on market increase, returns on owning PGIM Global are expected to decrease at a much smaller rate. During bear market, PGIM Global is likely to outperform the market.One Month Beta |Analyze PGIM Global Total Demand TrendCheck current 30 days PGIM Global correlation with market (DOW)|
β = -0.0075
PGIM Global Total Technical Analysis
PGIM Global Projected Return Density Against MarketAssuming 30 trading days horizon, PGIM Global Total Return CAD Acc has beta of -0.0075 . This indicates as returns on benchmark increase, returns on holding PGIM Global are expected to decrease at a much smaller rate. During bear market, however, PGIM Global Total Return CAD Acc is likely to outperform the market. Additionally, PGIM Global Total Return CAD Acc has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
Predicted Return Density
PGIM Global Return VolatilityPGIM Global Total Return CAD Acc accepts 0.0% volatility on return distribution over the 30 days horizon. DOW inherits 1.0678% risk (volatility on return distribution) over the 30 days horizon.