Prudential Financial Services Fund Market Value
| PFSAX Fund | USD 25.42 0.08 0.31% |
| Symbol | Prudential |
Prudential Financial '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 Financial'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 Financial.
| 08/19/2023 |
| 12/11/2024 |
If you would invest 0.00 in Prudential Financial on August 19, 2023 and sell it all today you would earn a total of 0.00 from holding Prudential Financial Services or generate 0.0% return on investment in Prudential Financial over 480 days. Prudential Financial is related to or competes with Allianzgi Diversified, Jpmorgan Diversified, Wilmington Diversified, Federated Hermes, Fidelity Advisor, Global Diversified, and Blackrock Conservative. The fund normally invests at least 80 percent of its investable assets in equity and equity-related securities of financ... More
Prudential Financial 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 Financial'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 Financial Services upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7969 | |||
| Information Ratio | 0.0416 | |||
| Maximum Drawdown | 8.42 | |||
| Value At Risk | (1.40) | |||
| Potential Upside | 1.58 |
Prudential Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prudential Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prudential Financial's standard deviation. In reality, there are many statistical measures that can use Prudential Financial historical prices to predict the future Prudential Financial's volatility.| Risk Adjusted Performance | 0.1111 | |||
| Jensen Alpha | 0.0053 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0607 | |||
| Treynor Ratio | 0.1183 |
Prudential Financial Backtested Returns
At this stage we consider Prudential Mutual Fund to be very steady. Prudential Financial maintains Sharpe Ratio (i.e., Efficiency) of 0.16, which implies the entity had a 0.16% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Prudential Financial, which you can use to evaluate the volatility of the fund. Please check Prudential Financial's Coefficient Of Variation of 673.44, risk adjusted performance of 0.1111, and Semi Deviation of 0.5698 to confirm if the risk estimate we provide is consistent with the expected return of 0.19%. The fund holds a Beta of 1.38, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Prudential Financial will likely underperform.
Auto-correlation | 0.93 |
Excellent predictability
Prudential Financial Services has excellent predictability. Overlapping area represents the amount of predictability between Prudential Financial time series from 19th of August 2023 to 15th of April 2024 and 15th of April 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 Financial price movement. The serial correlation of 0.93 indicates that approximately 93.0% of current Prudential Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.93 | |
| Spearman Rank Test | 0.91 | |
| Residual Average | 0.0 | |
| Price Variance | 3.37 |
Prudential Financial lagged returns against current returns
Autocorrelation, which is Prudential Financial 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 Financial's mutual fund expected returns. We can calculate the autocorrelation of Prudential Financial returns to help us make a trade decision. For example, suppose you find that Prudential Financial 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 Financial 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 Financial mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prudential Financial 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 Financial mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Prudential Financial Lagged Returns
When evaluating Prudential Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prudential Financial mutual fund have on its future price. Prudential Financial 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 Financial autocorrelation shows the relationship between Prudential Financial mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Prudential Financial Services.
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 Mutual Fund
Prudential Financial 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 Financial security.
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