Prudential Muni High Fund Manager Performance Evaluation
| PHICX Fund | USD 9.68 0.01 0.10% |
The fund holds a Beta of -0.0928, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Prudential Muni are expected to decrease at a much lower rate. During the bear market, Prudential Muni is likely to outperform the market.
Risk-Adjusted Performance
4 of 100
Weak | Strong |
Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in Prudential Muni High are ranked lower than 4 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong fundamental indicators, Prudential Muni is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
...more1 | Open 3D Foundation releases O3DE 24.09 - CG Channel | 10/09/2024 |
| Expense Ratio Date | 28th of October 2022 | |
| Expense Ratio | 1.6200 |
Prudential |
Prudential Muni Relative Risk vs. Return Landscape
If you would invest 959.00 in Prudential Muni High on September 5, 2024 and sell it today you would earn a total of 9.00 from holding Prudential Muni High or generate 0.94% return on investment over 90 days. Prudential Muni High is currently producing 0.015% returns and takes up 0.2802% volatility of returns over 90 trading days. Put another way, 2% of traded mutual funds are less volatile than Prudential, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Prudential Muni Current Valuation
Overvalued
Today
Please note that Prudential Muni's price fluctuation is very steady at this time. At this time, the fund appears to be overvalued. Prudential Muni High holds a recent Real Value of $9.17 per share. The prevailing price of the fund is $9.68. We determine the value of Prudential Muni High from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we support acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will merge together.
Since Prudential Muni is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Prudential Mutual Fund. However, Prudential Muni's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 9.68 | Real 9.17 | Hype 9.68 |
The intrinsic value of Prudential Muni's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Prudential Muni's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Prudential Muni High helps investors to forecast how Prudential mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Prudential Muni more accurately as focusing exclusively on Prudential Muni's fundamentals will not take into account other important factors: Prudential Muni Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prudential Muni's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Prudential Muni High, and traders can use it to determine the average amount a Prudential Muni's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0535
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | PHICX |
Estimated Market Risk
| 0.28 actual daily | 2 98% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 4 96% of assets perform better |
Based on monthly moving average Prudential Muni is performing at about 4% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Prudential Muni by adding it to a well-diversified portfolio.
Prudential Muni Fundamentals Growth
Prudential Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Prudential Muni, and Prudential Muni fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Prudential Mutual Fund performance.
| Total Asset | 31.77 M | ||||
About Prudential Muni Performance
Evaluating Prudential Muni's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Prudential Muni has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Prudential Muni has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
The fund normally invests at least 80 percent of its investable assets in municipal bonds, which are fixed-income securities issued by states and municipalities whose income is free from regular federal income tax. Its investments may include certain municipal bonds, the interest on which is subject to the federal alternative minimum tax .Things to note about Prudential Muni High performance evaluation
Checking the ongoing alerts about Prudential Muni for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Prudential Muni High help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| The fund generated three year return of -1.0% | |
| Prudential Muni High maintains about 7.91% of its assets in bonds |
- Analyzing Prudential Muni's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Prudential Muni's stock is overvalued or undervalued compared to its peers.
- Examining Prudential Muni's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Prudential Muni's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Prudential Muni's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Prudential Muni's mutual fund. These opinions can provide insight into Prudential Muni's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Prudential Mutual Fund
Prudential Muni 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 Muni security.
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