PGIM Active Financials
| PHYL Etf | USD 35.32 0.02 0.06% |
Net Expense Ratio 0.0039 | 3 y Sharp Ratio (0.06) |
PGIM |
The data published in PGIM Active's official financial statements typically reflect PGIM Active's business processes, product offerings, services, and other fundamental events. However, there are additional fundamental indicators that are easier to understand and visualize along the underlying realities that are driving PGIM Active's quantitative information. For example, before you start analyzing numbers published by PGIM accountants, it's essential to understand PGIM Active's liquidity, profitability, and earnings quality within the context of the PGIM Investments space in which it operates.
PGIM Active Etf Summary
PGIM Active competes with Rivernorth Opportunistic, MFS Investment, Blackrock Muniholdings, Blackrock Muniholdings, and DTF Tax. Under normal market conditions, the fund invests at least 80 percent of its investable assets in a diversified portfolio of high yield bonds that are below investment grade and other investments with similar economic characteristics. PGIM Active is traded on NYSEARCA Exchange in the United States.| Instrument | USA Etf View All |
| Exchange | NYSE ARCA Exchange |
| ISIN | US69344A2069 |
| CUSIP | 69344A206 |
| Region | North America |
| Investment Issuer | PGIM Investments |
| Etf Family | PGIM Investments |
| Fund Category | Broad Debt |
| Portfolio Concentration | High Yield |
| Benchmark | Dow Jones Industrial |
| Phone | NA |
| Currency | USD - US Dollar |
PGIM Active Key Financial Ratios
PGIM Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining PGIM Active's current stock value. Our valuation model uses many indicators to compare PGIM Active value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across PGIM Active competition to find correlations between indicators driving PGIM Active's intrinsic value. More Info.PGIM Active High is rated number one ETF in beta as compared to similar ETFs. It also is rated number one ETF in one year return as compared to similar ETFs reporting about 13.76 of One Year Return per Beta. Comparative valuation analysis is a catch-all technique that is used if you cannot value PGIM Active by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.PGIM Active High Systematic Risk
PGIM Active's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. PGIM Active volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was fourteen with a total number of output elements of fourty-seven. The Beta measures systematic risk based on how returns on PGIM Active High correlated with the market. If Beta is less than 0 PGIM Active generally moves in the opposite direction as compared to the market. If PGIM Active Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one PGIM Active High is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of PGIM Active is generally in the same direction as the market. If Beta > 1 PGIM Active moves generally in the same direction as, but more than the movement of the benchmark.
PGIM Active Thematic Clasifications
PGIM Active High is part of several thematic ideas from Broad Debt ETFs to High Yield ETFs. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic IdeasPGIM Active December 11, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of PGIM Active help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of PGIM Active High. We use our internally-developed statistical techniques to arrive at the intrinsic value of PGIM Active High based on widely used predictive technical indicators. In general, we focus on analyzing PGIM Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build PGIM Active's daily price indicators and compare them against related drivers.
| Downside Deviation | 0.201 | |||
| Information Ratio | (0.48) | |||
| Maximum Drawdown | 0.9145 | |||
| Value At Risk | (0.29) | |||
| Potential Upside | 0.3434 |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PGIM Active High. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
The market value of PGIM Active High is measured differently than its book value, which is the value of PGIM that is recorded on the company's balance sheet. Investors also form their own opinion of PGIM Active's value that differs from its market value or its book value, called intrinsic value, which is PGIM Active's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because PGIM Active's market value can be influenced by many factors that don't directly affect PGIM Active's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between PGIM Active's value and its price as these two are different measures arrived at by different means. Investors typically determine if PGIM Active is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PGIM Active's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.