Prudential Real Estate Fund Market Value
| PRKAX Fund | USD 6.57 0.04 0.61% |
| Symbol | Prudential |
Prudential Real '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 Real'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 Real.
| 09/09/2023 |
| 12/08/2023 |
If you would invest 0.00 in Prudential Real on September 9, 2023 and sell it all today you would earn a total of 0.00 from holding Prudential Real Estate or generate 0.0% return on investment in Prudential Real over 90 days. Prudential Real is related to or competes with Vanguard Reit, Vanguard Reit, Cohen Steers, Cohen Steers, Cohen Steers, Vanguard Reit, and Real Estate. The fund seeks to achieve its investment objective by investing primarily in real estate securities that the subadviser ... More
Prudential Real 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 Real'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 Real Estate upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.1 | |||
| Information Ratio | 0.0072 | |||
| Maximum Drawdown | 4.97 | |||
| Value At Risk | (1.80) | |||
| Potential Upside | 1.74 |
Prudential Real Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prudential Real's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prudential Real's standard deviation. In reality, there are many statistical measures that can use Prudential Real historical prices to predict the future Prudential Real's volatility.| Risk Adjusted Performance | 0.0263 | |||
| Jensen Alpha | 0.0041 | |||
| Total Risk Alpha | 2.0E-4 | |||
| Sortino Ratio | 0.0076 | |||
| Treynor Ratio | 0.0194 |
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Prudential Real'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 Prudential Real in the context of predictive analytics.
Prudential Real Estate Backtested Returns
We consider Prudential Real not too volatile. Prudential Real Estate maintains Sharpe Ratio (i.e., Efficiency) of 0.0347, which implies the entity had 0.0347% of return per unit of risk over the last 3 months. Our standpoint towards forecasting the volatility of a fund is to use all available market data together with fund-specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Prudential Real Estate, which you can use to evaluate the future volatility of the fund. Please check Prudential Real Estate Risk Adjusted Performance of 0.0263, coefficient of variation of 3352.41, and Semi Deviation of 0.998 to confirm if the risk estimate we provide is consistent with the expected return of 0.041%. The fund holds a Beta of 1.2621, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Prudential Real will likely underperform. By analyzing Prudential Real Estate technical indicators, you can presently evaluate if the expected return of 0.041% will be sustainable into the future.
Auto-correlation | -0.88 |
Excellent reverse predictability
Prudential Real Estate has excellent reverse predictability. Overlapping area represents the amount of predictability between Prudential Real time series from 9th of September 2023 to 24th of October 2023 and 24th of October 2023 to 8th of December 2023. 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 Real Estate price movement. The serial correlation of -0.88 indicates that approximately 88.0% of current Prudential Real price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.88 | |
| Spearman Rank Test | -0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Prudential Real Estate lagged returns against current returns
Autocorrelation, which is Prudential Real 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 Prudential Real's mutual fund expected returns. We can calculate the autocorrelation of Prudential Real returns to help us make a trade decision. For example, suppose you find that Prudential Real 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 |
| Timeline |
Prudential Real 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 Prudential Real mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prudential Real mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Prudential Real mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Prudential Real Lagged Returns
When evaluating Prudential Real's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prudential Real mutual fund have on its future price. Prudential Real 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, Prudential Real autocorrelation shows the relationship between Prudential Real mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Prudential Real Estate.
Regressed Prices |
| Timeline |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Prudential Real without increasing your portfolio risk or giving up the 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.Did you try this?
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Check out Prudential Real Correlation, Prudential Real Volatility and Prudential Real Alpha and Beta module to complement your research on Prudential Real. Note that the Prudential Real Estate information on this page should be used as a complementary analysis to other Prudential Real'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 the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Complementary Tools for Prudential Mutual Fund analysis
When running Prudential Real's price analysis, check to measure Prudential Real'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 Prudential Real is operating at the current time. Most of Prudential Real's value examination focuses on studying past and present price action to predict the probability of Prudential Real's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Prudential Real's price. Additionally, you may evaluate how the addition of Prudential Real to your portfolios can decrease your overall portfolio volatility.
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Prudential Real 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.