Prudential Commodity Strategies Fund Market Value

PQCMX Fund  USD 6.55  0.04  0.61%   
Prudential Commodity's market value is the price at which a share of Prudential Commodity trades on a public exchange. It measures the collective expectations of Prudential Commodity Strategies investors about its performance. Prudential Commodity is trading at 6.55 as of the 25th of December 2024; that is 0.61 percent up since the beginning of the trading day. The fund's open price was 6.51.
With this module, you can estimate the performance of a buy and hold strategy of Prudential Commodity Strategies and determine expected loss or profit from investing in Prudential Commodity over a given investment horizon. Check out Prudential Commodity Correlation, Prudential Commodity Volatility and Prudential Commodity Alpha and Beta module to complement your research on Prudential Commodity.
Symbol

Please note, there is a significant difference between Prudential Commodity's value and its price as these two are different measures arrived at by different means. Investors typically determine if Prudential Commodity is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Prudential Commodity'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 Commodity '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 Commodity'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 Commodity.
0.00
01/05/2023
No Change 0.00  0.0 
In 1 year 11 months and 22 days
12/25/2024
0.00
If you would invest  0.00  in Prudential Commodity on January 5, 2023 and sell it all today you would earn a total of 0.00 from holding Prudential Commodity Strategies or generate 0.0% return on investment in Prudential Commodity over 720 days. Prudential Commodity is related to or competes with Prudential Jennison, Prudential Jennison, Pgim Jennison, Pgim Jennison, Prudential Short, Prudential Emerging, and Prudential Floating. The advisor expects that most of the funds commodity investments will be through exchange-traded futures contracts, and ... More

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

Prudential Commodity Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Prudential Commodity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prudential Commodity's standard deviation. In reality, there are many statistical measures that can use Prudential Commodity historical prices to predict the future Prudential Commodity's volatility.
Hype
Prediction
LowEstimatedHigh
5.626.557.48
Details
Intrinsic
Valuation
LowRealHigh
5.246.177.10
Details

Prudential Commodity Backtested Returns

Prudential Commodity maintains Sharpe Ratio (i.e., Efficiency) of -0.0783, which implies the entity had a -0.0783% return per unit of risk over the last 3 months. Prudential Commodity exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Prudential Commodity's Coefficient Of Variation of (1,453), variance of 0.8533, and Risk Adjusted Performance of (0.05) to confirm the risk estimate we provide. The fund holds a Beta of -0.0833, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Prudential Commodity are expected to decrease at a much lower rate. During the bear market, Prudential Commodity is likely to outperform the market.

Auto-correlation

    
  -0.57  

Good reverse predictability

Prudential Commodity Strategies has good reverse predictability. Overlapping area represents the amount of predictability between Prudential Commodity time series from 5th of January 2023 to 31st of December 2023 and 31st of December 2023 to 25th 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 Commodity price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Prudential Commodity price fluctuation can be explain by its past prices.
Correlation Coefficient-0.57
Spearman Rank Test0.01
Residual Average0.0
Price Variance0.04

Prudential Commodity lagged returns against current returns

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

Prudential Commodity Lagged Returns

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

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Other Information on Investing in Prudential Mutual Fund

Prudential Commodity 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 Commodity security.
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