Prudential 6040 Allocation Fund Price on November 18, 2024
| PALDX Fund | USD 14.39 0.01 0.07% |
Below is the normalized historical share price chart for Prudential 6040 Allocation extending back to September 13, 2017. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Prudential 60/40 stands at 14.39, as last reported on the 4th of December, with the highest price reaching 14.39 and the lowest price hitting 14.39 during the day.
If you're considering investing in PRUDENTIAL Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider PRUDENTIAL Mutual Fund to be very steady. Prudential 6040 Allo maintains Sharpe Ratio (i.e., Efficiency) of 0.19, which implies the entity had a 0.19% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Prudential 6040 Allo, which you can use to evaluate the volatility of the fund. Please check Prudential 60/40's Semi Deviation of 0.3729, risk adjusted performance of 0.0924, and Coefficient Of Variation of 769.17 to confirm if the risk estimate we provide is consistent with the expected return of 0.0812%.
PRUDENTIAL Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
PRUDENTIAL |
Sharpe Ratio = 0.1885
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| Cash | PALDX | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 0.43 actual daily | 3 97% of assets are more volatile |
Expected Return
| 0.08 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.19 actual daily | 14 86% of assets perform better |
Based on monthly moving average Prudential 60/40 is performing at about 14% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Prudential 60/40 by adding it to a well-diversified portfolio.
Prudential 60/40 Valuation on November 18, 2024
It is possible to determine the worth of Prudential 60/40 on a given historical date. On November 18, 2024 PRUDENTIAL was worth 14.09 at the beginning of the trading date compared to the closed value of 14.09. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Prudential 60/40 mutual fund. Still, in general, we apply an absolute valuation method to find Prudential 60/40's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Prudential 60/40 where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Prudential 60/40's related companies.
| Open | High | Low | Close | Volume | |
| 14.06 | 14.06 | 14.06 | 14.06 | 1.00 | |
11/18/2024 | 14.09 | 14.09 | 14.09 | 14.09 | 1.00 |
| 14.15 | 14.15 | 14.15 | 14.15 | 1.00 |
| Backtest Prudential 60/40 | | | Prudential 60/40 History | | | Prudential 60/40 Valuation | Previous | Next |
Prudential 60/40 Trading Date Momentum on November 18, 2024
| On November 19 2024 Prudential 6040 Allocation was traded for 14.15 at the closing time. The highest daily price throughout the period was 14.15 and the lowest price was 14.15 . There was no trading activity during the period 1.0. Lack of trading volume on 11/19/2024 added to the next day price jump. The trading delta at closing time to closing price of the next trading day was 0.43% . The trading delta at closing time to current closing price is 1.99% . |
Prudential 6040 Allo Fundamentals Correlations and Trends
By evaluating Prudential 60/40's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Prudential 60/40's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. PRUDENTIAL financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Prudential 60/40 Mutual Fund history
Prudential 60/40 investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for PRUDENTIAL is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Prudential 6040 Allo will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Prudential 60/40 stock prices may prove useful in developing a viable investing in Prudential 60/40
The fund pursues its objective by primarily investing in a portfolio of other mutual funds within the PGIM fund family that provide exposure to equity and fixed income. The investments held by underlying funds that provide exposure to equities will include equity and equity-related securities of large capitalization U.S. companies. underlying funds that provide exposure to fixed income will invest primarily in bonds. Such fixed-income securities may include below investment grade bonds, commonly known as junk bonds.
Prudential 60/40 Mutual Fund Technical Analysis
Prudential 60/40 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.
Price Boundaries
Prudential 60/40 Period Price Range
Low | December 4, 2024
| High |
0.00 | 0.00 |
Prudential 6040 Allocation cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Prudential 60/40 December 4, 2024 Market Strength
Market strength indicators help investors to evaluate how Prudential 60/40 mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Prudential 60/40 shares will generate the highest return on investment. By undertsting and applying Prudential 60/40 mutual fund market strength indicators, traders can identify Prudential 6040 Allocation entry and exit signals to maximize returns
Prudential 60/40 Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Prudential 60/40's price direction in advance. Along with the technical and fundamental analysis of PRUDENTIAL Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of PRUDENTIAL to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0924 | |||
| Jensen Alpha | 7.0E-4 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | 0.1048 |
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Other Information on Investing in PRUDENTIAL Mutual Fund
Prudential 60/40 financial ratios help investors to determine whether PRUDENTIAL Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in PRUDENTIAL with respect to the benefits of owning Prudential 60/40 security.
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