Prudential Government Income Fund Price on September 16, 2024
| JDRVX Fund | USD 7.90 0.02 0.25% |
Below is the normalized historical share price chart for Prudential Government Income extending back to December 07, 2005. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Prudential Government stands at 7.90, as last reported on the 12th of December 2024, with the highest price reaching 7.90 and the lowest price hitting 7.90 during the day.
If you're considering investing in Prudential Mutual Fund, it is important to understand the factors that can impact its price. Prudential Government 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. Prudential Government exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Prudential Government's Risk Adjusted Performance of (0.12), variance of 0.0932, and Coefficient Of Variation of (709.70) to confirm the risk estimate we provide.
Prudential Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Prudential |
Sharpe Ratio = -0.1453
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| Negative Returns | JDRVX |
Estimated Market Risk
| 0.31 actual daily | 2 98% of assets are more volatile |
Expected Return
| -0.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.15 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Prudential Government 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 Prudential Government by adding Prudential Government to a well-diversified portfolio.
Prudential Government Valuation on September 16, 2024
It is possible to determine the worth of Prudential Government on a given historical date. On September 16, 2024 Prudential was worth 8.15 at the beginning of the trading date compared to the closed value of 8.15. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Prudential Government mutual fund. Still, in general, we apply an absolute valuation method to find Prudential Government's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Prudential Government where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Prudential Government's related companies.
| Open | High | Low | Close | Volume | |
| 8.13 | 8.13 | 8.13 | 8.13 | 1.00 | |
09/16/2024 | 8.15 | 8.15 | 8.15 | 8.15 | 1.00 |
| 8.13 | 8.13 | 8.13 | 8.13 | 1.00 |
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Prudential Government Trading Date Momentum on September 16, 2024
| On September 17 2024 Prudential Government Income was traded for 8.13 at the closing time. The highest daily price throughout the period was 8.13 and the lowest price was 8.13 . There was no trading activity during the period 1.0. Lack of trading volume on 09/17/2024 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 0.25% . The trading delta at closing time to current closing price is 0.98% . |
Prudential Government Fundamentals Correlations and Trends
By evaluating Prudential Government's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Prudential Government's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Prudential financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Prudential Government Mutual Fund history
Prudential Government investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Prudential is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Prudential Government will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Prudential Government stock prices may prove useful in developing a viable investing in Prudential Government
The fund invests at least 80 percent of its investable assets in U.S. government securities, including U.S. Treasury bills, notes, bonds, strips and other debt securities issued by the U.S. Treasury, and obligations, including mortgage-related securities, issued or guaranteed by U.S. government agencies or instrumentalities. Its investable assets will be less than its total assets to the extent that it has borrowed money for non-investment purposes, such as to meet anticipated redemptions.
Prudential Government Mutual Fund Technical Analysis
Prudential Government technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
Prudential Government Period Price Range
Low | December 12, 2024
| High |
0.00 | 0.00 |
Prudential Government Income cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Prudential Government December 12, 2024 Market Strength
Market strength indicators help investors to evaluate how Prudential Government mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Prudential Government shares will generate the highest return on investment. By undertsting and applying Prudential Government mutual fund market strength indicators, traders can identify Prudential Government Income entry and exit signals to maximize returns
Prudential Government Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Prudential Government's price direction in advance. Along with the technical and fundamental analysis of Prudential Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Prudential to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.10) | |||
| Treynor Ratio | 3.63 |
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Other Information on Investing in Prudential Mutual Fund
Prudential Government 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 Government security.
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