Pgim Etf Trust Etf Performance
| PJFG Etf | 87.60 0.00 0.00% |
The etf holds a Beta of 0.98, which implies possible diversification benefits within a given portfolio. PGIM ETF returns are very sensitive to returns on the market. As the market goes up or down, PGIM ETF is expected to follow.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days PGIM ETF Trust has generated negative risk-adjusted returns adding no value to investors with long positions. Despite latest weak performance, the Etf's technical and fundamental indicators remain stable and the current disturbance on Wall Street may also be a sign of long-run gains for the Exchange Traded Fund stockholders. ...more
1 | Trading Advice - Stock Traders Daily | 01/31/2025 |
PGIM |
PGIM ETF Relative Risk vs. Return Landscape
If you would invest 9,768 in PGIM ETF Trust on December 21, 2024 and sell it today you would lose (1,008) from holding PGIM ETF Trust or give up 10.32% of portfolio value over 90 days. PGIM ETF Trust is currently does not generate positive expected returns and assumes 1.5587% risk (volatility on return distribution) over the 90 days horizon. In different words, 13% of etfs are less volatile than PGIM, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
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PGIM ETF Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for PGIM ETF's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as PGIM ETF Trust, and traders can use it to determine the average amount a PGIM ETF'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 = -0.1106
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| Negative Returns | PJFG |
Estimated Market Risk
| 1.56 actual daily | 13 87% of assets are more volatile |
Expected Return
| -0.17 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.11 actual daily | 0 Most of other assets perform better |
Based on monthly moving average PGIM ETF is not performing at its full potential. However, 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 PGIM ETF by adding PGIM ETF to a well-diversified portfolio.
About PGIM ETF Performance
By analyzing PGIM ETF's fundamental ratios, stakeholders can gain valuable insights into PGIM ETF's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if PGIM ETF 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 PGIM ETF has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
PGIM ETF is entity of United States. It is traded as Etf on NYSE ARCA exchange.| PGIM ETF Trust generated a negative expected return over the last 90 days |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PGIM ETF Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in census. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
The market value of PGIM ETF Trust is measured differently than its book value, which is the value of PGIM that is recorded on the company's balance sheet. Investors also form their own opinion of PGIM ETF's value that differs from its market value or its book value, called intrinsic value, which is PGIM ETF's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because PGIM ETF's market value can be influenced by many factors that don't directly affect PGIM ETF's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between PGIM ETF's value and its price as these two are different measures arrived at by different means. Investors typically determine if PGIM ETF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PGIM ETF'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.