Pgim Global High Fund Market Value
| GHY Fund | USD 12.70 0.09 0.71% |
| Symbol | Pgim |
Pgim Global 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Pgim Global's fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Pgim Global.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Pgim Global on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Pgim Global High or generate 0.0% return on investment in Pgim Global over 30 days. Pgim Global is related to or competes with Calamos LongShort, Virtus Global, Western Asset, Munivest Fund, Blackrock Floating, Blackrock Muni, and Allianzgi Convertible. PGIM Global Short Duration High Yield Fund, Inc More
Pgim Global Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Pgim Global's fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Pgim Global High upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7284 | |||
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 3.76 | |||
| Value At Risk | (1.02) | |||
| Potential Upside | 1.12 |
Pgim Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pgim Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pgim Global's standard deviation. In reality, there are many statistical measures that can use Pgim Global historical prices to predict the future Pgim Global's volatility.| Risk Adjusted Performance | 0.0649 | |||
| Jensen Alpha | 0.014 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | 0.1799 |
Pgim Global High Backtested Returns
At this stage we consider Pgim Fund to be very steady. Pgim Global High maintains Sharpe Ratio (i.e., Efficiency) of 0.0704, which implies the entity had a 0.0704% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Pgim Global High, which you can use to evaluate the volatility of the fund. Please check Pgim Global's Coefficient Of Variation of 1153.21, risk adjusted performance of 0.0649, and Semi Deviation of 0.6341 to confirm if the risk estimate we provide is consistent with the expected return of 0.0479%. The fund holds a Beta of 0.27, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pgim Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pgim Global is expected to be smaller as well.
Auto-correlation | 0.70 |
Good predictability
Pgim Global High has good predictability. Overlapping area represents the amount of predictability between Pgim Global time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Pgim Global High price movement. The serial correlation of 0.7 indicates that around 70.0% of current Pgim Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Pgim Global High lagged returns against current returns
Autocorrelation, which is Pgim Global fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Pgim Global's fund expected returns. We can calculate the autocorrelation of Pgim Global returns to help us make a trade decision. For example, suppose you find that Pgim Global has exhibited high autocorrelation historically, and you observe that the fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Pgim Global regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Pgim Global fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pgim Global fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pgim Global fund over time.
Current vs Lagged Prices |
| Timeline |
Pgim Global Lagged Returns
When evaluating Pgim Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pgim Global fund have on its future price. Pgim Global autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Pgim Global autocorrelation shows the relationship between Pgim Global fund current value and its past values and can show if there is a momentum factor associated with investing in Pgim Global High.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Pgim Fund
Pgim Global financial ratios help investors to determine whether Pgim 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 Pgim with respect to the benefits of owning Pgim Global security.
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum |