Prudential E Bond Fund Market Value
| TPCRX Fund | USD 8.76 0.03 0.34% |
| Symbol | Prudential |
Prudential Core '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 Core'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 Core.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Prudential Core on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Prudential E Bond or generate 0.0% return on investment in Prudential Core over 30 days. Prudential Core is related to or competes with Franklin Natural, Dreyfus Natural, Jennison Natural, Oil Gas, Hennessy, Fidelity Advisor, and World Energy. The fund invests, under normal circumstances, at least 80 percent of the funds investable assets in bonds More
Prudential Core 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 Core'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 E Bond upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.48) | |||
| Maximum Drawdown | 1.24 | |||
| Value At Risk | (0.57) | |||
| Potential Upside | 0.4535 |
Prudential Core Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prudential Core's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prudential Core's standard deviation. In reality, there are many statistical measures that can use Prudential Core historical prices to predict the future Prudential Core's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | 0.3166 |
Prudential E Bond Backtested Returns
Prudential E Bond maintains Sharpe Ratio (i.e., Efficiency) of -0.0336, which implies the entity had a -0.0336% return per unit of risk over the last 3 months. Prudential E Bond exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Prudential Core's Coefficient Of Variation of (3,711), risk adjusted performance of (0.04), and Variance of 0.0919 to confirm the risk estimate we provide. The fund holds a Beta of -0.0574, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Prudential Core are expected to decrease at a much lower rate. During the bear market, Prudential Core is likely to outperform the market.
Auto-correlation | -0.6 |
Good reverse predictability
Prudential E Bond has good reverse predictability. Overlapping area represents the amount of predictability between Prudential Core time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 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 E Bond price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current Prudential Core price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.6 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Prudential E Bond lagged returns against current returns
Autocorrelation, which is Prudential Core 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 Core's mutual fund expected returns. We can calculate the autocorrelation of Prudential Core returns to help us make a trade decision. For example, suppose you find that Prudential Core 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 Core 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 Core mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prudential Core 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 Core mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Prudential Core Lagged Returns
When evaluating Prudential Core's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prudential Core mutual fund have on its future price. Prudential Core 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 Core autocorrelation shows the relationship between Prudential Core mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Prudential E Bond.
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 Prudential Mutual Fund
Prudential Core 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 Core security.
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