Prudential Jennison Equity Fund Market Value
| PJIQX Fund | USD 13.52 0.02 0.15% |
| Symbol | Prudential |
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.
| 01/07/2023 |
| 12/27/2024 |
If you would invest 0.00 in Prudential Jennison on January 7, 2023 and sell it all today you would earn a total of 0.00 from holding Prudential Jennison Equity or generate 0.0% return on investment in Prudential Jennison over 720 days. The fund invests under normal circumstances at least 80 percent of its investable assets in income-producing equity and ... 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 Equity upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 4.86 | |||
| Value At Risk | (1.06) | |||
| Potential Upside | 0.831 |
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.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | 3.66 |
Prudential Jennison Backtested Returns
Prudential Jennison 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. Prudential Jennison exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Prudential Jennison's Variance of 0.6013, coefficient of variation of (637.46), and Risk Adjusted Performance of (0.12) to confirm the risk estimate we provide. The fund holds a Beta of -0.036, 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 | -0.07 |
Very weak reverse predictability
Prudential Jennison Equity has very weak reverse predictability. Overlapping area represents the amount of predictability between Prudential 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 Prudential Jennison price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Prudential Jennison price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.48 |
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 Equity.
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 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.
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios |