PRUDENTIAL Mutual Fund Market Value
| PWJQX Fund | USD 24.79 0.08 0.32% |
| Symbol | PRUDENTIAL |
PRUDENTIAL JENNISON '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 JENNISON'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 JENNISON.
| 10/10/2021 |
| 09/30/2023 |
If you would invest 0.00 in PRUDENTIAL JENNISON on October 10, 2021 and sell it all today you would earn a total of 0.00 from holding PRUDENTIAL JENNISON INTERNATIONAL or generate 0.0% return on investment in PRUDENTIAL JENNISON over 720 days. PRUDENTIAL JENNISON is related to or competes with EUROPACIFIC GROWTH, EUROPACIFIC GROWTH, EUROPACIFIC GROWTH, and EUROPACIFIC GROWTH. The fund invests a majority of its net assets in equity and equity-related securities of non-U.S More
PRUDENTIAL JENNISON 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 JENNISON'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 JENNISON INTERNATIONAL upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 4.09 | |||
| Value At Risk | (1.70) | |||
| Potential Upside | 1.6 |
PRUDENTIAL JENNISON Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PRUDENTIAL JENNISON's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PRUDENTIAL JENNISON's standard deviation. In reality, there are many statistical measures that can use PRUDENTIAL JENNISON historical prices to predict the future PRUDENTIAL JENNISON's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | (0.15) |
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of PRUDENTIAL JENNISON'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 JENNISON in the context of predictive analytics.
PRUDENTIAL JENNISON Backtested Returns
PRUDENTIAL JENNISON maintains Sharpe Ratio (i.e., Efficiency) of -0.19, which implies the entity had -0.19% of return per unit of standard deviation over the last 3 months. Our standpoint towards 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. PRUDENTIAL JENNISON exposes fifteen different technical indicators, which can help you to evaluate volatility embedded in its stock price that cannot be diversified away. Please check PRUDENTIAL JENNISON Risk Adjusted Performance of (0.1), market risk adjusted performance of (0.14), and Coefficient Of Variation of (596.13) to confirm the risk estimate we provide. The fund holds a Beta of 1.1353, which implies a somewhat significant risk relative to the market. PRUDENTIAL JENNISON returns are very sensitive to returns on the market. As the market goes up or down, PRUDENTIAL JENNISON is expected to follow. Our philosophy towards 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. PRUDENTIAL JENNISON exposes fifteen different technical indicators, which can help you to evaluate its performance.
Auto-correlation | -0.83 |
Excellent reverse predictability
PRUDENTIAL JENNISON INTERNATIONAL has excellent reverse predictability. Overlapping area represents the amount of predictability between PRUDENTIAL JENNISON time series from 10th of October 2021 to 5th of October 2022 and 5th of October 2022 to 30th of September 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 JENNISON price movement. The serial correlation of -0.83 indicates that around 83.0% of current PRUDENTIAL JENNISON price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.83 | |
| Spearman Rank Test | -0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 3.16 |
PRUDENTIAL JENNISON lagged returns against current returns
Autocorrelation, which is PRUDENTIAL JENNISON 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 JENNISON's mutual fund expected returns. We can calculate the autocorrelation of PRUDENTIAL JENNISON returns to help us make a trade decision. For example, suppose you find that PRUDENTIAL JENNISON 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 JENNISON 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 JENNISON mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PRUDENTIAL JENNISON 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 JENNISON mutual fund over time.
Current vs Lagged Prices |
| Timeline |
PRUDENTIAL JENNISON Lagged Returns
When evaluating PRUDENTIAL JENNISON's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PRUDENTIAL JENNISON mutual fund have on its future price. PRUDENTIAL JENNISON 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 JENNISON autocorrelation shows the relationship between PRUDENTIAL JENNISON mutual fund current value and its past values and can show if there is a momentum factor associated with investing in PRUDENTIAL JENNISON INTERNATIONAL.
Regressed Prices |
| Timeline |
Be your own money manager
Our tools can tell you how much better you can do entering a position in PRUDENTIAL JENNISON 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 JENNISON Correlation, PRUDENTIAL JENNISON Volatility and PRUDENTIAL JENNISON Alpha and Beta module to complement your research on PRUDENTIAL JENNISON. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Complementary Tools for PRUDENTIAL Mutual Fund analysis
When running PRUDENTIAL JENNISON's price analysis, check to measure PRUDENTIAL JENNISON'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 JENNISON is operating at the current time. Most of PRUDENTIAL JENNISON's value examination focuses on studying past and present price action to predict the probability of PRUDENTIAL JENNISON'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 JENNISON's price. Additionally, you may evaluate how the addition of PRUDENTIAL JENNISON to your portfolios can decrease your overall portfolio volatility.
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PRUDENTIAL JENNISON 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.