EMDAX Mutual Fund Market Value

EMDAX -  USA Fund  

USD 5.32  0.01  0.19%

PGIM Emerging's market value is the price at which a share of PGIM Emerging stock trades on a public exchange. It measures the collective expectations of PGIM Emerging Markets investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of PGIM Emerging Markets and determine expected loss or profit from investing in PGIM Emerging over a given investment horizon. Continue to PGIM Emerging Hype Analysis, PGIM Emerging Correlation, Portfolio Optimization, PGIM Emerging Volatility, as well as analyze PGIM Emerging Alpha and Beta and PGIM Emerging Performance.
Symbol
Backtest

Please note, there is a significant difference between PGIM Emerging's value and its price as these two are different measures arrived at by different means. Investors typically determine PGIM Emerging value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PGIM Emerging's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

PGIM Emerging '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 Emerging'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 Emerging.
0.00
11/18/2021
No Change 0.00  0.0 
In 2 months and 2 days
01/17/2022
0.00
If you would invest  0.00  in PGIM Emerging on November 18, 2021 and sell it all today you would earn a total of 0.00 from holding PGIM Emerging Markets or generate 0.0% return on investment in PGIM Emerging over 60 days. PGIM Emerging is related to or competes with Pimco Emerging, Pimco Emerging, Pimco Emerging, Eaton Vance, and Pimco Emerging. The investment seeks total return, through a combination of current income and capital appreciation

PGIM Emerging 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 Emerging'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 Emerging Markets upside and downside potential and time the market with a certain degree of confidence.

PGIM Emerging Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for PGIM Emerging's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PGIM Emerging's standard deviation. In reality, there are many statistical measures that can use PGIM Emerging historical prices to predict the future PGIM Emerging's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of PGIM Emerging'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. Please use the tools below to analyze the current value of PGIM Emerging in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
4.985.325.66
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Intrinsic
Valuation
LowReal ValueHigh
5.005.345.68
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Naive
Forecast
LowNext ValueHigh
4.985.325.65
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
5.275.315.35
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as PGIM Emerging. Your research has to be compared to or analyzed against PGIM Emerging's peers to derive any actionable benefits. When done correctly, PGIM Emerging's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in PGIM Emerging Markets.

PGIM Emerging Markets Backtested Returns

PGIM Emerging Markets maintains Sharpe Ratio (i.e., Efficiency) of -0.18, which implies the entity had -0.18% of return per unit of volatility over the last 3 months. Macroaxis viewpoint regarding forecasting the risk of any fund is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. PGIM Emerging Markets exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to check PGIM Emerging Markets risk adjusted performance of (0.15) to confirm the risk estimate we provide.
The fund holds a Beta of 0.0918, which implies not very significant fluctuations relative to the market. Let's try to break down what EMDAX's beta means in this case. As returns on the market increase, PGIM Emerging returns are expected to increase less than the market. However, during the bear market, the loss on holding PGIM Emerging will be expected to be smaller as well. Even though it is essential to pay attention to PGIM Emerging Markets current trending patterns, it is always good to be careful when utilizing equity existing price patterns. Our way of forecasting any fund's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. PGIM Emerging Markets exposes twenty-one different technical indicators, which can help you to evaluate its performance.
AdviceVolatility TrendExposureCorrelations

Auto-correlation

    
  (0.53)   

Good reverse predictability

PGIM Emerging Markets has good reverse predictability. Overlapping area represents the amount of predictability between PGIM Emerging time series from 18th of November 2021 to 18th of December 2021 and 18th of December 2021 to 17th of January 2022. 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 Emerging Markets price movement. The serial correlation of -0.53 indicates that about 53.0% of current PGIM Emerging price fluctuation can be explain by its past prices. Given that PGIM Emerging Markets has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of PGIM Emerging for similar time interval.
Correlation Coefficient-0.53
Spearman Rank Test0.02
Residual Average0.0
Price Variance0.0

PGIM Emerging Markets lagged returns against current returns

Autocorrelation, which is PGIM Emerging 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 Emerging's mutual fund expected returns. We can calculate the autocorrelation of PGIM Emerging returns to help us make a trade decision. For example, suppose you find that PGIM Emerging mutual fund has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
 Current and Lagged Values 
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PGIM Emerging 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 Emerging mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PGIM Emerging 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 Emerging mutual fund over time.
 Current vs Lagged Prices 
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      Timeline 

PGIM Emerging Lagged Returns

When evaluating PGIM Emerging's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PGIM Emerging mutual fund have on its future price. PGIM Emerging 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 Emerging autocorrelation shows the relationship between PGIM Emerging mutual fund current value and its past values and can show if there is a momentum factor associated with investing in PGIM Emerging Markets.
 Regressed Prices 
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      Timeline 

Be your own money manager

Our tools can tell you how much better you can do entering a position in PGIM Emerging without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Performance Analysis

Check effects of mean-variance optimization against your current asset allocation
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Pair Trading with PGIM Emerging

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if PGIM Emerging position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in PGIM Emerging will appreciate offsetting losses from the drop in the long position's value.

PGIM Emerging Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for PGIM Emerging and Pimco Emerging Markets. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
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Continue to PGIM Emerging Hype Analysis, PGIM Emerging Correlation, Portfolio Optimization, PGIM Emerging Volatility, as well as analyze PGIM Emerging Alpha and Beta and PGIM Emerging Performance. Note that the PGIM Emerging Markets information on this page should be used as a complementary analysis to other PGIM Emerging'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 Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..

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When running PGIM Emerging Markets price analysis, check to measure PGIM Emerging'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 Emerging is operating at the current time. Most of PGIM Emerging's value examination focuses on studying past and present price action to predict the probability of PGIM Emerging's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move PGIM Emerging's price. Additionally, you may evaluate how the addition of PGIM Emerging to your portfolios can decrease your overall portfolio volatility.
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PGIM Emerging 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, stock market cycles, or different charting patterns.
A focus of PGIM Emerging technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of PGIM Emerging trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...