Pgim Jennison Technology Fund Market Value
| PGKAX Fund | USD 27.65 0.01 0.04% |
| Symbol | Pgim |
Pgim 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 Pgim 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 Pgim Jennison.
| 01/07/2023 |
| 12/27/2024 |
If you would invest 0.00 in Pgim Jennison on January 7, 2023 and sell it all today you would earn a total of 0.00 from holding Pgim Jennison Technology or generate 0.0% return on investment in Pgim Jennison over 720 days. Pgim Jennison is related to or competes with Veea, VivoPower International, Prudential Jennison, Prudential Jennison, Pgim Jennison, Pgim Jennison, and Prudential Short. The fund normally invests at least 80 percent of the funds investable assets in equity and equity-related securities of ... More
Pgim 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 Pgim 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 Pgim Jennison Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.63 | |||
| Information Ratio | 0.035 | |||
| Maximum Drawdown | 6.31 | |||
| Value At Risk | (2.65) | |||
| Potential Upside | 2.19 |
Pgim Jennison Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pgim Jennison's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pgim Jennison's standard deviation. In reality, there are many statistical measures that can use Pgim Jennison historical prices to predict the future Pgim Jennison's volatility.| Risk Adjusted Performance | 0.0633 | |||
| Jensen Alpha | 0.0837 | |||
| Total Risk Alpha | 0.017 | |||
| Sortino Ratio | 0.029 | |||
| Treynor Ratio | 0.5694 |
Pgim Jennison Technology Backtested Returns
At this stage we consider Pgim Mutual Fund to be very steady. Pgim Jennison Technology maintains Sharpe Ratio (i.e., Efficiency) of 0.0752, which implies the entity had a 0.0752% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Pgim Jennison Technology, which you can use to evaluate the volatility of the fund. Please check Pgim Jennison's Risk Adjusted Performance of 0.0633, coefficient of variation of 1342.58, and Semi Deviation of 1.5 to confirm if the risk estimate we provide is consistent with the expected return of 0.1%. The fund holds a Beta of 0.16, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pgim Jennison's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pgim Jennison is expected to be smaller as well.
Auto-correlation | 0.86 |
Very good predictability
Pgim Jennison Technology has very good predictability. Overlapping area represents the amount of predictability between Pgim Jennison time series from 7th of January 2023 to 2nd of January 2024 and 2nd of January 2024 to 27th 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 Pgim Jennison Technology price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current Pgim Jennison price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.86 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 4.56 |
Pgim Jennison Technology lagged returns against current returns
Autocorrelation, which is Pgim 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 Pgim Jennison's mutual fund expected returns. We can calculate the autocorrelation of Pgim Jennison returns to help us make a trade decision. For example, suppose you find that Pgim 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 |
Pgim 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 Pgim Jennison mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pgim 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 Pgim Jennison mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pgim Jennison Lagged Returns
When evaluating Pgim Jennison's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pgim Jennison mutual fund have on its future price. Pgim 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, Pgim Jennison autocorrelation shows the relationship between Pgim Jennison mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pgim Jennison Technology.
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 Pgim Mutual Fund
Pgim Jennison financial ratios help investors to determine whether Pgim 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 Pgim with respect to the benefits of owning Pgim Jennison security.
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