Prudential Government Income Fund Market Value

PGVAX Fund  USD 7.92  0.03  0.38%   
Prudential Government's market value is the price at which a share of Prudential Government trades on a public exchange. It measures the collective expectations of Prudential Government Income investors about its performance. Prudential Government is trading at 7.92 as of the 10th of December 2024; that is 0.38% down since the beginning of the trading day. The fund's open price was 7.95.
With this module, you can estimate the performance of a buy and hold strategy of Prudential Government Income and determine expected loss or profit from investing in Prudential Government over a given investment horizon. Check out Prudential Government Correlation, Prudential Government Volatility and Prudential Government Alpha and Beta module to complement your research on Prudential Government.
Symbol

Please note, there is a significant difference between Prudential Government's value and its price as these two are different measures arrived at by different means. Investors typically determine if Prudential Government is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Prudential Government'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 Government '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 Government'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 Government.
0.00
11/10/2024
No Change 0.00  0.0 
In 31 days
12/10/2024
0.00
If you would invest  0.00  in Prudential Government on November 10, 2024 and sell it all today you would earn a total of 0.00 from holding Prudential Government Income or generate 0.0% return on investment in Prudential Government over 30 days. Prudential Government is related to or competes with Sentinel Small, T Rowe, T Rowe, Wasatch Small, Goldman Sachs, Legg Mason, and Blackrock. The fund invests at least 80 percent of its investable assets in U.S More

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

Prudential Government Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Prudential Government's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prudential Government's standard deviation. In reality, there are many statistical measures that can use Prudential Government historical prices to predict the future Prudential Government's volatility.
Hype
Prediction
LowEstimatedHigh
7.607.928.24
Details
Intrinsic
Valuation
LowRealHigh
7.617.938.25
Details
Naive
Forecast
LowNextHigh
7.637.958.27
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
7.867.917.96
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Prudential Government. Your research has to be compared to or analyzed against Prudential Government's peers to derive any actionable benefits. When done correctly, Prudential Government'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 Government.

Prudential Government Backtested Returns

Prudential Government 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. Prudential Government exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Prudential Government's Risk Adjusted Performance of (0.08), coefficient of variation of (1,130), and Variance of 0.0997 to confirm the risk estimate we provide. The fund holds a Beta of -0.0135, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Prudential Government are expected to decrease at a much lower rate. During the bear market, Prudential Government is likely to outperform the market.

Auto-correlation

    
  -0.39  

Poor reverse predictability

Prudential Government Income has poor reverse predictability. Overlapping area represents the amount of predictability between Prudential Government time series from 10th of November 2024 to 25th of November 2024 and 25th of November 2024 to 10th 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 Government price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Prudential Government price fluctuation can be explain by its past prices.
Correlation Coefficient-0.39
Spearman Rank Test0.27
Residual Average0.0
Price Variance0.0

Prudential Government lagged returns against current returns

Autocorrelation, which is Prudential Government 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 Government's mutual fund expected returns. We can calculate the autocorrelation of Prudential Government returns to help us make a trade decision. For example, suppose you find that Prudential Government 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 Government 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 Government mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prudential Government 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 Government mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Prudential Government Lagged Returns

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

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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 Government 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 Government security.
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