EMDAX Mutual Fund Alpha and Beta Analysis

This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as PGIM Emerging Markets. It also helps investors analyze the systematic and unsystematic risks associated with investing in PGIM Emerging over a specified time horizon. Remember, high PGIM Emerging's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation.
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EMDAX Beta 

 
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Please note that although PGIM Emerging alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., DOW index.) So in this particular case, PGIM Emerging did 0.00  better than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of PGIM Emerging Markets fund's relative risk over its benchmark. PGIM Emerging Markets has a beta of 0.00  . Let's try to break down what EMDAX's beta means in this case. The returns on DOW and PGIM Emerging are completely uncorrelated.
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.

PGIM Emerging Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. PGIM Emerging market risk premium is the additional return an investor will receive from holding PGIM Emerging long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in PGIM Emerging. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate PGIM Emerging's performance over market.
α0.00   β0.00
90 days against DJI

PGIM Emerging Investors Sentiment

The influence of PGIM Emerging's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in EMDAX. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards PGIM Emerging in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, PGIM Emerging's short interest history, or implied volatility extrapolated from PGIM Emerging options trading.

Current Sentiment - EMDAX

PGIM Emerging Markets Investor Sentiment

Macroaxis portfolio users are insensible in their opinion about investing in PGIM Emerging Markets. What is your perspective on investing in PGIM Emerging Markets? Are you bullish or bearish?
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50% Bearish
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Build Portfolio with PGIM Emerging

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Check out Investing Opportunities. 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 Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.

Other Tools for EMDAX Mutual Fund

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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