Prudential Jennison Mid Cap Fund Market Value

PJGQX Fund  USD 25.45  0.10  0.39%   
Prudential Jennison's market value is the price at which a share of Prudential Jennison trades on a public exchange. It measures the collective expectations of Prudential Jennison Mid Cap investors about its performance. Prudential Jennison is trading at 25.45 as of the 2nd of December 2024; that is 0.39% increase since the beginning of the trading day. The fund's open price was 25.35.
With this module, you can estimate the performance of a buy and hold strategy of Prudential Jennison Mid Cap and determine expected loss or profit from investing in Prudential Jennison over a given investment horizon. Check out Prudential Jennison Correlation, Prudential Jennison Volatility and Prudential Jennison Alpha and Beta module to complement your research on Prudential Jennison.
Symbol

Please note, there is a significant difference between Prudential Jennison's value and its price as these two are different measures arrived at by different means. Investors typically determine if Prudential Jennison is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Prudential Jennison'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.

Prudential Jennison '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 Prudential Jennison's mutual 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 Prudential Jennison.
0.00
12/13/2022
No Change 0.00  0.0 
In 1 year 11 months and 22 days
12/02/2024
0.00
If you would invest  0.00  in Prudential Jennison on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Prudential Jennison Mid Cap or generate 0.0% return on investment in Prudential Jennison over 720 days. Prudential Jennison is related to or competes with T Rowe, Versatile Bond, Ms Global, Ambrus Core, and Ultra-short Fixed. The fund normally invests at least 80 percent of its investable assets in equity and equity-related securities of medium... More

Prudential Jennison 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 Prudential Jennison's mutual 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 Prudential Jennison Mid Cap upside and downside potential and time the market with a certain degree of confidence.

Prudential Jennison Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Prudential Jennison's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prudential Jennison's standard deviation. In reality, there are many statistical measures that can use Prudential Jennison historical prices to predict the future Prudential Jennison's volatility.
Hype
Prediction
LowEstimatedHigh
24.5625.4526.34
Details
Intrinsic
Valuation
LowRealHigh
25.2826.1727.06
Details
Naive
Forecast
LowNextHigh
24.8025.6926.58
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
22.5924.1225.65
Details

Prudential Jennison Mid Backtested Returns

Prudential Jennison appears to be very steady, given 3 months investment horizon. Prudential Jennison Mid maintains Sharpe Ratio (i.e., Efficiency) of 0.27, which implies the entity had a 0.27% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Prudential Jennison Mid, which you can use to evaluate the volatility of the fund. Please evaluate Prudential Jennison's Coefficient Of Variation of 450.92, risk adjusted performance of 0.1716, and Semi Deviation of 0.7421 to confirm if our risk estimates are consistent with your expectations. The fund holds a Beta of 1.01, which implies a somewhat significant risk relative to the market. Prudential Jennison returns are very sensitive to returns on the market. As the market goes up or down, Prudential Jennison is expected to follow.

Auto-correlation

    
  0.16  

Very weak predictability

Prudential Jennison Mid Cap has very weak predictability. Overlapping area represents the amount of predictability between Prudential Jennison time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd of December 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 Prudential Jennison Mid price movement. The serial correlation of 0.16 indicates that over 16.0% of current Prudential Jennison price fluctuation can be explain by its past prices.
Correlation Coefficient0.16
Spearman Rank Test0.22
Residual Average0.0
Price Variance1.01

Prudential Jennison Mid lagged returns against current returns

Autocorrelation, which is Prudential Jennison mutual 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 Prudential Jennison's mutual fund expected returns. We can calculate the autocorrelation of Prudential Jennison returns to help us make a trade decision. For example, suppose you find that Prudential Jennison has exhibited high autocorrelation historically, and you observe that the mutual 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  

Prudential Jennison 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 Prudential Jennison mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prudential Jennison mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Prudential Jennison mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Prudential Jennison Lagged Returns

When evaluating Prudential Jennison's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prudential Jennison mutual fund have on its future price. Prudential Jennison 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, Prudential Jennison autocorrelation shows the relationship between Prudential Jennison mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Prudential Jennison Mid Cap.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Prudential Mutual Fund

Prudential Jennison 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 Jennison security.
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