Prudential Commodity Strategies Fund Price on September 25, 2024
| PQCMX Fund | USD 6.56 0.02 0.31% |
Below is the normalized historical share price chart for Prudential Commodity Strategies extending back to May 22, 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 Commodity stands at 6.56, as last reported on the 29th of December, with the highest price reaching 6.56 and the lowest price hitting 6.56 during the day.
If you're considering investing in Prudential Mutual Fund, it is important to understand the factors that can impact its price. Prudential Commodity maintains Sharpe Ratio (i.e., Efficiency) of -0.0882, which implies the entity had a -0.0882% return per unit of risk over the last 3 months. Prudential Commodity exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Prudential Commodity's Risk Adjusted Performance of (0.07), variance of 0.8371, and Coefficient Of Variation of (1,192) to confirm the risk estimate we provide.
Prudential Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Prudential |
Sharpe Ratio = -0.0882
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| Negative Returns | PQCMX |
Estimated Market Risk
| 0.92 actual daily | 8 92% of assets are more volatile |
Expected Return
| -0.08 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.09 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Prudential Commodity is not performing at its full potential. However, 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 Commodity by adding Prudential Commodity to a well-diversified portfolio.
Prudential Commodity Valuation on September 25, 2024
It is possible to determine the worth of Prudential Commodity on a given historical date. On September 25, 2024 Prudential was worth 6.92 at the beginning of the trading date compared to the closed value of 6.92. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Prudential Commodity mutual fund. Still, in general, we apply an absolute valuation method to find Prudential Commodity'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 Commodity where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Prudential Commodity's related companies.
| Open | High | Low | Close | Volume | |
| 6.92 | 6.92 | 6.92 | 6.92 | 1.00 | |
09/25/2024 | 6.92 | 6.92 | 6.92 | 6.92 | 1.00 |
| 6.88 | 6.88 | 6.88 | 6.88 | 1.00 |
| Backtest Prudential Commodity | | | Prudential Commodity History | | | Prudential Commodity Valuation | Previous | Next |
Prudential Commodity Trading Date Momentum on September 25, 2024
| On September 26 2024 Prudential Commodity Strategies was traded for 6.88 at the closing time. The highest daily price throughout the period was 6.88 and the lowest price was 6.88 . There was no trading activity during the period 1.0. Lack of trading volume on 09/26/2024 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 0.58% . The trading delta at closing time to current closing price is 2.60% . |
Prudential Commodity Fundamentals Correlations and Trends
By evaluating Prudential Commodity'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 Commodity'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 Commodity Mutual Fund history
Prudential Commodity 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 Commodity 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 Commodity stock prices may prove useful in developing a viable investing in Prudential Commodity
The advisor expects that most of the funds commodity investments will be through exchange-traded futures contracts, and exchange-traded forward contracts, on commodities, in each case held by its Cayman Subsidiary. The fund may also invest, directly or through the Cayman Subsidiary, in options on futures contracts linked to commodities, CLNs linked to commodity indices, and ETFs and ETNs whose returns are linked to commodities or commodity indices within the limits of applicable tax law.
Prudential Commodity Mutual Fund Technical Analysis
Prudential Commodity 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 Commodity Period Price Range
Low | December 29, 2024
| High |
0.00 | 0.00 |
Prudential Commodity Strategies 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 Commodity December 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Prudential Commodity 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 Commodity shares will generate the highest return on investment. By undertsting and applying Prudential Commodity mutual fund market strength indicators, traders can identify Prudential Commodity Strategies entry and exit signals to maximize returns
Prudential Commodity Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Prudential Commodity'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 | (0.07) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | (0.90) |
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| Volume Indicators |
Other Information on Investing in Prudential Mutual Fund
Prudential Commodity 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 Commodity security.
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