Prudential Health Sciences Fund Price on May 31, 3100
| PJHRX Fund | USD 31.74 0.36 1.12% |
Below is the normalized historical share price chart for Prudential Health Sciences extending back to February 03, 2012. 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 Health stands at 31.74, as last reported on the 29th of December, with the highest price reaching 31.74 and the lowest price hitting 31.74 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 Health maintains Sharpe Ratio (i.e., Efficiency) of -0.16, which implies the entity had a -0.16% return per unit of risk over the last 3 months. Prudential Health exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Prudential Health's Coefficient Of Variation of (644.34), variance of 3.79, and Risk Adjusted Performance of (0.12) 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 = -0.1592
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Estimated Market Risk
| 1.98 actual daily | 17 83% of assets are more volatile |
Expected Return
| -0.31 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.16 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Prudential Health 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 Health by adding Prudential Health to a well-diversified portfolio.
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.
About Prudential Health Mutual Fund history
Prudential Health 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 Health 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 Health stock prices may prove useful in developing a viable investing in Prudential Health
The fund seeks investments whose prices will increase over time. It normally invests at least 80 percent of its investable assets in equity and equity-related securities of companies within the health sciences sector, such as pharmaceutical companies, biotechnology companies, medical device manufacturers, healthcare service providers and health maintenance organizations and other companies that derive at least 50 percent of their assets, revenues or profits from operations in the healthcare sector.
Prudential Health Mutual Fund Technical Analysis
Prudential Health 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 Health Period Price Range
Low | December 29, 2024
| High |
0.00 | 0.00 |
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Prudential Health December 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Prudential Health 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 Health shares will generate the highest return on investment. By undertsting and applying Prudential Health mutual fund market strength indicators, traders can identify Prudential Health Sciences entry and exit signals to maximize returns
Prudential Health Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Prudential Health'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 | (0.32) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | (2.25) |
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Other Information on Investing in Prudential Mutual Fund
Prudential Health 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 Health security.
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