Prudential Tips Fund Market Value
| PQTSX Fund | USD 8.25 0.01 0.12% |
| Symbol | Prudential |
Prudential Tips '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 Tips' 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 Tips.
| 11/27/2024 |
| 12/27/2024 |
If you would invest 0.00 in Prudential Tips on November 27, 2024 and sell it all today you would earn a total of 0.00 from holding Prudential Tips or generate 0.0% return on investment in Prudential Tips over 30 days. Prudential Tips is related to or competes with Prudential Jennison, Prudential Jennison, Pgim Jennison, Pgim Jennison, Prudential Short, Prudential Emerging, and Prudential Floating. The fund invests, under normal circumstances, at least 80 percent of its investable assets in U.S More
Prudential Tips 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 Tips' 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 Tips upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.38) | |||
| Maximum Drawdown | 1.2 | |||
| Value At Risk | (0.60) | |||
| Potential Upside | 0.3571 |
Prudential Tips Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prudential Tips' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prudential Tips' standard deviation. In reality, there are many statistical measures that can use Prudential Tips historical prices to predict the future Prudential Tips' volatility.| Risk Adjusted Performance | (0.17) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | (1.42) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Prudential Tips' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Prudential Tips Backtested Returns
Prudential Tips maintains Sharpe Ratio (i.e., Efficiency) of -0.2, which implies the entity had a -0.2% return per unit of risk over the last 3 months. Prudential Tips exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Prudential Tips' Coefficient Of Variation of (535.73), risk adjusted performance of (0.17), and Variance of 0.0775 to confirm the risk estimate we provide. The fund holds a Beta of 0.0435, which implies not very significant fluctuations relative to the market. As returns on the market increase, Prudential Tips' returns are expected to increase less than the market. However, during the bear market, the loss of holding Prudential Tips is expected to be smaller as well.
Auto-correlation | -0.45 |
Modest reverse predictability
Prudential Tips has modest reverse predictability. Overlapping area represents the amount of predictability between Prudential Tips time series from 27th of November 2024 to 12th of December 2024 and 12th of December 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 Tips price movement. The serial correlation of -0.45 indicates that just about 45.0% of current Prudential Tips price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Prudential Tips lagged returns against current returns
Autocorrelation, which is Prudential Tips 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 Tips' mutual fund expected returns. We can calculate the autocorrelation of Prudential Tips returns to help us make a trade decision. For example, suppose you find that Prudential Tips 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 Tips 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 Tips mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prudential Tips 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 Tips mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Prudential Tips Lagged Returns
When evaluating Prudential Tips' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prudential Tips mutual fund have on its future price. Prudential Tips 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 Tips autocorrelation shows the relationship between Prudential Tips mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Prudential Tips.
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 Tips 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 Tips security.
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