Prudential Day One Fund Market Value

PDODX Fund  USD 12.72  0.12  0.95%   
Prudential Day's market value is the price at which a share of Prudential Day trades on a public exchange. It measures the collective expectations of Prudential Day One investors about its performance. Prudential Day is trading at 12.72 as of the 16th of February 2025; that is 0.95% up since the beginning of the trading day. The fund's open price was 12.6.
With this module, you can estimate the performance of a buy and hold strategy of Prudential Day One and determine expected loss or profit from investing in Prudential Day over a given investment horizon. Check out Prudential Day Correlation, Prudential Day Volatility and Prudential Day Alpha and Beta module to complement your research on Prudential Day.
Symbol

Please note, there is a significant difference between Prudential Day's value and its price as these two are different measures arrived at by different means. Investors typically determine if Prudential Day is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Prudential Day'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 Day '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 Day'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 Day.
0.00
01/17/2025
No Change 0.00  0.0 
In 31 days
02/16/2025
0.00
If you would invest  0.00  in Prudential Day on January 17, 2025 and sell it all today you would earn a total of 0.00 from holding Prudential Day One or generate 0.0% return on investment in Prudential Day over 30 days. Prudential Day is related to or competes with Tiaa Cref, Delaware Limited-term, Aqr Diversified, Tax-free Conservative, Prudential Core, and Global Diversified. The fund pursues its objective by investing in a diversified portfolio of other mutual funds within the PGIM fund family... More

Prudential Day 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 Day'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 Day One upside and downside potential and time the market with a certain degree of confidence.

Prudential Day Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Prudential Day's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prudential Day's standard deviation. In reality, there are many statistical measures that can use Prudential Day historical prices to predict the future Prudential Day's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Prudential Day's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
12.0012.7213.44
Details
Intrinsic
Valuation
LowRealHigh
11.9612.6813.40
Details
Naive
Forecast
LowNextHigh
11.7912.5213.24
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
12.4212.5912.75
Details

Prudential Day One Backtested Returns

At this stage we consider Prudential Mutual Fund to be very steady. Prudential Day One maintains Sharpe Ratio (i.e., Efficiency) of close to zero, which implies the entity had a close to zero % return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Prudential Day One, which you can use to evaluate the volatility of the fund. Please check Prudential Day's Variance of 0.5196, coefficient of variation of (2,567), and Risk Adjusted Performance of (0.03) to confirm if the risk estimate we provide is consistent with the expected return of 0.0026%. The fund holds a Beta of 0.38, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Prudential Day's returns are expected to increase less than the market. However, during the bear market, the loss of holding Prudential Day is expected to be smaller as well.

Auto-correlation

    
  0.41  

Average predictability

Prudential Day One has average predictability. Overlapping area represents the amount of predictability between Prudential Day time series from 17th of January 2025 to 1st of February 2025 and 1st of February 2025 to 16th of February 2025. 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 Day One price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Prudential Day price fluctuation can be explain by its past prices.
Correlation Coefficient0.41
Spearman Rank Test0.0
Residual Average0.0
Price Variance0.01
Prudential ReturnsPrudential Lagged ReturnsDiversified AwayPrudential ReturnsPrudential Lagged ReturnsDiversified Away100%

Prudential Day One lagged returns against current returns

Autocorrelation, which is Prudential Day 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 Day's mutual fund expected returns. We can calculate the autocorrelation of Prudential Day returns to help us make a trade decision. For example, suppose you find that Prudential Day 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   
JavaScript chart by amCharts 3.21.15Feb 03Feb 05Feb 07Feb 09Feb 11Feb 13Feb 150.5%1.0%1.5%2.0%
JavaScript chart by amCharts 3.21.15Volume Lagged Volume Prices Lagged Prices
       Timeline  

Prudential Day 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 Day mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prudential Day 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 Day mutual fund over time.
   Current vs Lagged Prices   
JavaScript chart by amCharts 3.21.15Feb 03Feb 05Feb 07Feb 09Feb 11Feb 13Feb 1512.5512.6012.6512.70
JavaScript chart by amCharts 3.21.15Regression Prices Lagged Regression Prices
       Timeline  

Prudential Day Lagged Returns

When evaluating Prudential Day's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prudential Day mutual fund have on its future price. Prudential Day 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 Day autocorrelation shows the relationship between Prudential Day mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Prudential Day One.
   Regressed Prices   
JavaScript chart by amCharts 3.21.15Jan 17Jan 21Jan 25Jan 29FebFeb 06Feb 10Feb 1412.4012.4512.5012.5512.6012.6512.70
JavaScript chart by amCharts 3.21.15Lagged Returns Returns
       Timeline  

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Other Information on Investing in Prudential Mutual Fund

Prudential Day 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 Day security.
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