Prudential Jennison Emerging Fund Market Value

PDEZX Fund  USD 17.96  0.35  1.91%   
Prudential Jennison's market value is the price at which a share of Prudential Jennison trades on a public exchange. It measures the collective expectations of Prudential Jennison Emerging investors about its performance. Prudential Jennison is trading at 17.96 as of the 11th of December 2024; that is 1.91% down since the beginning of the trading day. The fund's open price was 18.31.
With this module, you can estimate the performance of a buy and hold strategy of Prudential Jennison Emerging and determine expected loss or profit from investing in Prudential Jennison over a given investment horizon. Check out Prudential Jennison Correlation, Prudential Jennison Volatility and Prudential Jennison Alpha and Beta module to complement your research on Prudential Jennison.
Symbol

Please note, there is a significant difference between Prudential Jennison's value and its price as these two are different measures arrived at by different means. Investors typically determine if Prudential Jennison is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Prudential Jennison'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.

Prudential Jennison '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 Jennison's mutual fund 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 Jennison.
0.00
11/11/2024
No Change 0.00  0.0 
In 31 days
12/11/2024
0.00
If you would invest  0.00  in Prudential Jennison on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Prudential Jennison Emerging or generate 0.0% return on investment in Prudential Jennison over 30 days. Prudential Jennison is related to or competes with American Funds, SCOR PK, Morningstar Unconstrained, Via Renewables, Bondbloxx ETF, Spring Valley, and 70082LAB3. The fund seeks to achieve its investment objective by investing, under normal conditions, at least 80 percent of its inv... More

Prudential Jennison 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 Jennison's mutual fund 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 Jennison Emerging upside and downside potential and time the market with a certain degree of confidence.

Prudential Jennison Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Prudential Jennison's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prudential Jennison's standard deviation. In reality, there are many statistical measures that can use Prudential Jennison historical prices to predict the future Prudential Jennison's volatility.
Hype
Prediction
LowEstimatedHigh
16.9317.9618.99
Details
Intrinsic
Valuation
LowRealHigh
15.3416.3719.76
Details
Naive
Forecast
LowNextHigh
17.5318.5619.59
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
17.1417.6718.20
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Prudential Jennison. Your research has to be compared to or analyzed against Prudential Jennison's peers to derive any actionable benefits. When done correctly, Prudential Jennison's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Prudential Jennison.

Prudential Jennison Backtested Returns

At this stage we consider Prudential Mutual Fund to be very steady. Prudential Jennison maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the entity had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Prudential Jennison, which you can use to evaluate the volatility of the fund. Please check Prudential Jennison's Risk Adjusted Performance of 0.148, coefficient of variation of 498.14, and Semi Deviation of 0.8115 to confirm if the risk estimate we provide is consistent with the expected return of 0.12%. The fund holds a Beta of -0.031, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Prudential Jennison are expected to decrease at a much lower rate. During the bear market, Prudential Jennison is likely to outperform the market.

Auto-correlation

    
  -0.15  

Insignificant reverse predictability

Prudential Jennison Emerging has insignificant reverse predictability. Overlapping area represents the amount of predictability between Prudential Jennison time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Jennison price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Prudential Jennison price fluctuation can be explain by its past prices.
Correlation Coefficient-0.15
Spearman Rank Test0.01
Residual Average0.0
Price Variance0.09

Prudential Jennison lagged returns against current returns

Autocorrelation, which is Prudential Jennison mutual fund'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 Jennison's mutual fund expected returns. We can calculate the autocorrelation of Prudential Jennison returns to help us make a trade decision. For example, suppose you find that Prudential Jennison has exhibited high autocorrelation historically, and you observe that the mutual fund 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 Jennison 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 Jennison mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prudential Jennison mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Prudential Jennison mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Prudential Jennison Lagged Returns

When evaluating Prudential Jennison's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prudential Jennison mutual fund have on its future price. Prudential Jennison 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 Jennison autocorrelation shows the relationship between Prudential Jennison mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Prudential Jennison Emerging.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Prudential Mutual Fund

Prudential Jennison 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 Jennison security.
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