Prudential Porate Bond Fund Market Value
| PCWCX Fund | USD 9.82 0.05 0.51% |
| Symbol | Prudential |
Prudential Corporate '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 Prudential Corporate'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 Prudential Corporate.
| 05/05/2024 |
| 06/04/2024 |
If you would invest 0.00 in Prudential Corporate on May 5, 2024 and sell it all today you would earn a total of 0.00 from holding Prudential Porate Bond or generate 0.0% return on investment in Prudential Corporate over 30 days. Prudential Corporate is related to or competes with Vanguard Intermediate-ter, Morningstar Unconstrained, Thrivent High, Via Renewables, T Rowe, Jpmorgan Equity, and Knife River. The fund normally invests at least 80 percent of its investable assets in bonds of corporations with varying maturities More
Prudential Corporate 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 Prudential Corporate'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 Prudential Porate Bond upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4049 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 1.53 | |||
| Value At Risk | (0.52) | |||
| Potential Upside | 0.516 |
Prudential Corporate Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prudential Corporate's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prudential Corporate's standard deviation. In reality, there are many statistical measures that can use Prudential Corporate historical prices to predict the future Prudential Corporate's volatility.| Risk Adjusted Performance | 0.0126 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.0053 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Prudential Corporate'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.
Prudential Porate Bond Backtested Returns
Prudential Porate Bond maintains Sharpe Ratio (i.e., Efficiency) of -0.0079, which implies the entity had a -0.0079% return per unit of risk over the last 3 months. Prudential Porate Bond exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Prudential Corporate's Risk Adjusted Performance of 0.0126, semi deviation of 0.3545, and Coefficient Of Variation of 2980.58 to confirm the risk estimate we provide. The fund holds a Beta of 0.26, which implies not very significant fluctuations relative to the market. As returns on the market increase, Prudential Corporate's returns are expected to increase less than the market. However, during the bear market, the loss of holding Prudential Corporate is expected to be smaller as well.
Auto-correlation | -0.07 |
Very weak reverse predictability
Prudential Porate Bond has very weak reverse predictability. Overlapping area represents the amount of predictability between Prudential Corporate time series from 5th of May 2024 to 20th of May 2024 and 20th of May 2024 to 4th of June 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 Prudential Porate Bond price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Prudential Corporate price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Prudential Porate Bond lagged returns against current returns
Autocorrelation, which is Prudential Corporate