Prudential Plc (Germany) Market Value
| PRU2 Stock | EUR 16.10 0.50 3.21% |
| Symbol | Prudential |
Prudential Plc '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 Plc's stock 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 Plc.
| 08/19/2023 |
| 12/11/2024 |
If you would invest 0.00 in Prudential Plc on August 19, 2023 and sell it all today you would earn a total of 0.00 from holding Prudential plc or generate 0.0% return on investment in Prudential Plc over 480 days. Prudential Plc is related to or competes with LIFENET INSURANCE, Xtrackers LevDAX, Lyxor 1, and Xtrackers ShortDAX. Prudential plc, together with its subsidiaries, provides a range of retail financial products and services, and asset ma... More
Prudential Plc 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 Plc's stock 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 plc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.28 | |||
| Information Ratio | 0.0355 | |||
| Maximum Drawdown | 11.89 | |||
| Value At Risk | (3.12) | |||
| Potential Upside | 4.11 |
Prudential Plc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prudential Plc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prudential Plc's standard deviation. In reality, there are many statistical measures that can use Prudential Plc historical prices to predict the future Prudential Plc's volatility.| Risk Adjusted Performance | 0.0719 | |||
| Jensen Alpha | 0.1038 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.0354 | |||
| Treynor Ratio | 0.2443 |
Prudential plc Backtested Returns
At this point, Prudential Plc is not too volatile. Prudential plc maintains Sharpe Ratio (i.e., Efficiency) of 0.0824, which implies the firm had a 0.0824% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Prudential plc, which you can use to evaluate the volatility of the company. Please check Prudential Plc's Coefficient Of Variation of 1110.65, risk adjusted performance of 0.0719, and Semi Deviation of 1.95 to confirm if the risk estimate we provide is consistent with the expected return of 0.19%. Prudential Plc has a performance score of 6 on a scale of 0 to 100. The company holds a Beta of 0.8, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Prudential Plc's returns are expected to increase less than the market. However, during the bear market, the loss of holding Prudential Plc is expected to be smaller as well. Prudential plc right now holds a risk of 2.3%. Please check Prudential plc value at risk, downside variance, and the relationship between the maximum drawdown and potential upside , to decide if Prudential plc will be following its historical price patterns.
Auto-correlation | 0.48 |
Average predictability
Prudential plc has average predictability. Overlapping area represents the amount of predictability between Prudential Plc time series from 19th of August 2023 to 15th of April 2024 and 15th of April 2024 to 11th 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 plc price movement. The serial correlation of 0.48 indicates that about 48.0% of current Prudential Plc price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 1.16 |
Prudential plc lagged returns against current returns
Autocorrelation, which is Prudential Plc stock'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 Plc's stock expected returns. We can calculate the autocorrelation of Prudential Plc returns to help us make a trade decision. For example, suppose you find that Prudential Plc has exhibited high autocorrelation historically, and you observe that the stock 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 Plc 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 Plc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prudential Plc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Prudential Plc stock over time.
Current vs Lagged Prices |
| Timeline |
Prudential Plc Lagged Returns
When evaluating Prudential Plc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prudential Plc stock have on its future price. Prudential Plc 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 Plc autocorrelation shows the relationship between Prudential Plc stock current value and its past values and can show if there is a momentum factor associated with investing in Prudential plc.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Prudential Stock
Prudential Plc financial ratios help investors to determine whether Prudential Stock 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 Plc security.