Pgim Esg High Fund Market Value
| PGAQX Fund | USD 8.69 0.03 0.35% |
| Symbol | Pgim |
Pgim Esg '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 Esg'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 Esg.
| 04/21/2024 |
| 05/21/2024 |
If you would invest 0.00 in Pgim Esg on April 21, 2024 and sell it all today you would earn a total of 0.00 from holding Pgim Esg High or generate 0.0% return on investment in Pgim Esg over 30 days. Pgim Esg is related to or competes with Blackrock High, American High, HUMANA, Barloworld, Morningstar Unconstrained, Thrivent High, and High-yield Municipal. The funds sub-adviser seeks to achieve its investment objective while applying an environmental, social and governance m... More
Pgim Esg 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 Esg'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 Esg High upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2812 | |||
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 1.16 | |||
| Value At Risk | (0.35) | |||
| Potential Upside | 0.4673 |
Pgim Esg Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pgim Esg's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pgim Esg's standard deviation. In reality, there are many statistical measures that can use Pgim Esg historical prices to predict the future Pgim Esg's volatility.| Risk Adjusted Performance | 0.0629 | |||
| Jensen Alpha | 0.0164 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.17) | |||
| Treynor Ratio | 0.3675 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pgim Esg'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.
Pgim Esg High Backtested Returns
We consider Pgim Esg very steady. Pgim Esg High maintains Sharpe Ratio (i.e., Efficiency) of 0.15, which implies the entity had a 0.15% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Pgim Esg High, which you can use to evaluate the volatility of the fund. Please check Pgim Esg's Risk Adjusted Performance of 0.0629, coefficient of variation of 725.26, and Semi Deviation of 0.0387 to confirm if the risk estimate we provide is consistent with the expected return of 0.0335%. The fund holds a Beta of 0.0549, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pgim Esg's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pgim Esg is expected to be smaller as well.
Auto-correlation | 0.70 |
Good predictability
Pgim Esg High has good predictability. Overlapping area represents the amount of predictability between Pgim Esg time series from 21st of April 2024 to 6th of May 2024 and 6th of May 2024 to 21st of May 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 Pgim Esg High price movement. The serial correlation of 0.7 indicates that around 70.0% of current Pgim Esg price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Pgim Esg High lagged returns against current returns
Autocorrelation, which is Pgim Esg 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 Esg's mutual fund expected returns. We can calculate the autocorrelation of Pgim Esg returns to help us make a trade decision. For example, suppose you find that Pgim Esg has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Pgim Esg 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 Esg mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pgim Esg 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 Esg mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pgim Esg Lagged Returns
When evaluating Pgim Esg's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pgim Esg mutual fund have on its future price. Pgim Esg 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 Esg autocorrelation shows the relationship between Pgim Esg mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pgim Esg High.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out Pgim Esg Correlation, Pgim Esg Volatility and Pgim Esg Alpha and Beta module to complement your research on Pgim Esg. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Pgim Esg 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, fund market cycles, or different charting patterns.