Pgim Jennison Diversified Fund Market Value
| TBDQX Fund | USD 21.33 0.20 0.93% |
| 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.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Pgim Jennison on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Pgim Jennison Diversified or generate 0.0% return on investment in Pgim Jennison over 30 days. Pgim Jennison is related to or competes with Europacific Growth, Washington Mutual, Capital World, HUMANA, SCOR PK, Ab Pennsylvania, and Thrivent High. The fund normally invests at least 80 percent of its investable assets in equity and equity-related securities of compan... 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 Diversified upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.43 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 5.04 | |||
| Value At Risk | (2.39) | |||
| Potential Upside | 1.67 |
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 | 0.0725 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0938 |
Pgim Jennison Diversified Backtested Returns
At this stage we consider Pgim Mutual Fund to be very steady. Pgim Jennison Diversified maintains Sharpe Ratio (i.e., Efficiency) of 0.15, which implies the entity had a 0.15% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Pgim Jennison Diversified, which you can use to evaluate the volatility of the fund. Please check Pgim Jennison's Risk Adjusted Performance of 0.0725, semi deviation of 1.1, and Coefficient Of Variation of 1102.73 to confirm if the risk estimate we provide is consistent with the expected return of 0.15%. The fund holds a Beta of 0.96, which implies possible diversification benefits within a given portfolio. Pgim Jennison returns are very sensitive to returns on the market. As the market goes up or down, Pgim Jennison is expected to follow.
Auto-correlation | 0.83 |
Very good predictability
Pgim Jennison Diversified has very good predictability. Overlapping area represents the amount of predictability between Pgim Jennison time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 Diversified price movement. The serial correlation of 0.83 indicates that around 83.0% of current Pgim Jennison price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Pgim Jennison Diversified 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 Diversified.
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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