Prudential Commodity Year To Date Return vs. One Year Return
| PQCMX Fund | USD 6.56 0.02 0.31% |
For Prudential Commodity profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Prudential Commodity to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Prudential Commodity Strategies utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Prudential Commodity's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Prudential Commodity Strategies over time as well as its relative position and ranking within its peers.
Prudential |
Prudential Commodity One Year Return vs. Year To Date Return Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Prudential Commodity's current stock value. Our valuation model uses many indicators to compare Prudential Commodity value to that of its competitors to determine the firm's financial worth. Prudential Commodity Strategies is rated top fund in year to date return among similar funds. It also is rated top fund in one year return among similar funds reporting about 0.87 of One Year Return per Year To Date Return. The ratio of Year To Date Return to One Year Return for Prudential Commodity Strategies is roughly 1.15 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Prudential Commodity's earnings, one of the primary drivers of an investment's value.Prudential One Year Return vs. Year To Date Return
Year to Date Return (YTD) is the total return generated from holding a security from the beginning of the current fiscal year. In other words, YTD Return represents the capital appreciation of your investments from the start of the current fiscal year.
Prudential Commodity |
| = | 3.67 % |
Year-To-Date typically refers to a period starting from the beginning of the current year and continuing up to the present day. Investors should becareful when comparing YTD ratios if not much of the year has occurred as research shows that YTD measures are more sensitive to early periods than late.
One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
Prudential Commodity |
| = | 3.20 % |
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
Prudential One Year Return Comparison
Prudential Commodity is currently under evaluation in one year return among similar funds.
Prudential Commodity Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Prudential Commodity, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Prudential Commodity will eventually generate negative long term returns. The profitability progress is the general direction of Prudential Commodity's change in net profit over the period of time. It can combine multiple indicators of Prudential Commodity, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
The advisor expects that most of the funds commodity investments will be through exchange-traded futures contracts, and exchange-traded forward contracts, on commodities, in each case held by its Cayman Subsidiary. The fund may also invest, directly or through the Cayman Subsidiary, in options on futures contracts linked to commodities, CLNs linked to commodity indices, and ETFs and ETNs whose returns are linked to commodities or commodity indices within the limits of applicable tax law.
Prudential Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Prudential Commodity. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Prudential Commodity position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Prudential Commodity's important profitability drivers and their relationship over time.
Use Prudential Commodity in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Prudential Commodity position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Prudential Commodity will appreciate offsetting losses from the drop in the long position's value.Prudential Commodity Pair Trading
Prudential Commodity Strategies Pair Trading Analysis
The ability to find closely correlated positions to Prudential Commodity could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Prudential Commodity when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Prudential Commodity - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Prudential Commodity Strategies to buy it.
The correlation of Prudential Commodity is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Prudential Commodity moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Prudential Commodity moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Prudential Commodity can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Prudential Commodity position
In addition to having Prudential Commodity in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Food Products Thematic Idea Now
Food Products
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Food Products theme has 61 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Food Products Theme or any other thematic opportunities.
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Other Information on Investing in Prudential Mutual Fund
To fully project Prudential Commodity's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Prudential Commodity at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Prudential Commodity's income statement, its balance sheet, and the statement of cash flows.
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