Prudential Plc (Brazil) Market Value
| P1UK34 Stock | BRL 24.32 0.00 0.00% |
| Symbol | Prudential |
Prudential Plc '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 Plc's stock 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 Plc.
| 01/06/2023 |
| 12/26/2024 |
If you would invest 0.00 in Prudential Plc on January 6, 2023 and sell it all today you would earn a total of 0.00 from holding Prudential plc or generate 0.0% return on investment in Prudential Plc over 720 days. Prudential Plc is related to or competes with Agilent Technologies, Align Technology, Bemobi Mobile, MAHLE Metal, Nordon Indstrias, and Autohome. Prudential plc, through its subsidiaries, provides a range of long-term savings and protection products in Asia, the Uni... More
Prudential Plc 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 Plc's stock 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 plc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0695 | |||
| Maximum Drawdown | 3.68 |
Prudential Plc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prudential Plc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prudential Plc's standard deviation. In reality, there are many statistical measures that can use Prudential Plc historical prices to predict the future Prudential Plc's volatility.| Risk Adjusted Performance | 0.1096 | |||
| Jensen Alpha | 0.0802 | |||
| Total Risk Alpha | 0.0511 | |||
| Treynor Ratio | (1.59) |
Prudential plc Backtested Returns
At this point, Prudential Plc is very steady. Prudential plc maintains Sharpe Ratio (i.e., Efficiency) of 0.15, which implies the firm had a 0.15% return per unit of risk over the last 3 months. We have found sixteen technical indicators for Prudential plc, which you can use to evaluate the volatility of the company. Please check Prudential Plc's Coefficient Of Variation of 711.8, risk adjusted performance of 0.1096, and Variance of 0.3968 to confirm if the risk estimate we provide is consistent with the expected return of 0.0957%. Prudential Plc has a performance score of 11 on a scale of 0 to 100. The company holds a Beta of -0.0494, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Prudential Plc are expected to decrease at a much lower rate. During the bear market, Prudential Plc is likely to outperform the market. Prudential plc right now holds a risk of 0.66%. Please check Prudential plc standard deviation, information ratio, and the relationship between the coefficient of variation and variance , to decide if Prudential plc will be following its historical price patterns.
Auto-correlation | 0.06 |
Virtually no predictability
Prudential plc has virtually no predictability. Overlapping area represents the amount of predictability between Prudential Plc time series from 6th of January 2023 to 1st of January 2024 and 1st of January 2024 to 26th of December 2024. 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 plc price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Prudential Plc price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 1.86 |
Prudential plc lagged returns against current returns
Autocorrelation, which is Prudential Plc stock'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 Plc's stock expected returns. We can calculate the autocorrelation of Prudential Plc returns to help us make a trade decision. For example, suppose you find that Prudential Plc 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 price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Prudential Plc 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 Plc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prudential Plc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Prudential Plc stock over time.
Current vs Lagged Prices |
| Timeline |
Prudential Plc Lagged Returns
When evaluating Prudential Plc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prudential Plc stock have on its future price. Prudential Plc 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 Plc autocorrelation shows the relationship between Prudential Plc stock current value and its past values and can show if there is a momentum factor associated with investing in Prudential plc.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Prudential Stock
Prudential Plc financial ratios help investors to determine whether Prudential Stock 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 Plc security.