Prudential Short Duration Fund Market Value

XISDX Fund  USD 14.05  0.03  0.21%   
Prudential Short's market value is the price at which a share of Prudential Short trades on a public exchange. It measures the collective expectations of Prudential Short Duration investors about its performance. Prudential Short is trading at 14.05 as of the 14th of December 2024; that is 0.21 percent decrease since the beginning of the trading day. The fund's open price was 14.08.
With this module, you can estimate the performance of a buy and hold strategy of Prudential Short Duration and determine expected loss or profit from investing in Prudential Short over a given investment horizon. Check out Prudential Short Correlation, Prudential Short Volatility and Prudential Short Alpha and Beta module to complement your research on Prudential Short.
Symbol

Please note, there is a significant difference between Prudential Short's value and its price as these two are different measures arrived at by different means. Investors typically determine if Prudential Short is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Prudential Short'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 Short '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 Short'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 Short.
0.00
11/14/2024
No Change 0.00  0.0 
In 31 days
12/14/2024
0.00
If you would invest  0.00  in Prudential Short on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Prudential Short Duration or generate 0.0% return on investment in Prudential Short over 30 days. Prudential Short is related to or competes with Origin Emerging, Calvert Developed, Artisan Emerging, Pnc Emerging, and Aqr Long. Prudential Short is entity of United States More

Prudential Short 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 Short'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 Short Duration upside and downside potential and time the market with a certain degree of confidence.

Prudential Short Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Prudential Short's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prudential Short's standard deviation. In reality, there are many statistical measures that can use Prudential Short historical prices to predict the future Prudential Short's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Prudential Short's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
13.8114.0514.29
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Intrinsic
Valuation
LowRealHigh
13.8514.0914.33
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Prudential Short Duration Backtested Returns

Prudential Short Duration maintains Sharpe Ratio (i.e., Efficiency) of -0.089, which implies the entity had a -0.089% return per unit of risk over the last 3 months. Prudential Short Duration exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Prudential Short's Risk Adjusted Performance of (0.05), variance of 0.0616, and Coefficient Of Variation of (2,377) to confirm the risk estimate we provide. The fund holds a Beta of 0.12, which implies not very significant fluctuations relative to the market. As returns on the market increase, Prudential Short's returns are expected to increase less than the market. However, during the bear market, the loss of holding Prudential Short is expected to be smaller as well.

Auto-correlation

    
  -0.67  

Very good reverse predictability

Prudential Short Duration has very good reverse predictability. Overlapping area represents the amount of predictability between Prudential Short time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Short Duration price movement. The serial correlation of -0.67 indicates that around 67.0% of current Prudential Short price fluctuation can be explain by its past prices.
Correlation Coefficient-0.67
Spearman Rank Test0.1
Residual Average0.0
Price Variance0.0
Prudential ReturnsPrudential Lagged ReturnsDiversified AwayPrudential ReturnsPrudential Lagged ReturnsDiversified Away100%

Prudential Short Duration lagged returns against current returns

Autocorrelation, which is Prudential Short 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 Short's mutual fund expected returns. We can calculate the autocorrelation of Prudential Short returns to help us make a trade decision. For example, suppose you find that Prudential Short 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   
JavaScript chart by amCharts 3.21.15Nov 29DecDec 03Dec 05Dec 07Dec 09Dec 11Dec 13-0.8%-0.6%-0.4%-0.2%0%0.2%0.4%0.6%
JavaScript chart by amCharts 3.21.15Volume Lagged Volume Prices Lagged Prices
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Prudential Short 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 Short mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prudential Short 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 Short mutual fund over time.
   Current vs Lagged Prices   
JavaScript chart by amCharts 3.21.15Nov 29DecDec 03Dec 05Dec 07Dec 09Dec 11Dec 1314.0614.0814.1014.1214.1414.1614.1814.2014.22
JavaScript chart by amCharts 3.21.15Regression Prices Lagged Regression Prices
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Prudential Short Lagged Returns

When evaluating Prudential Short's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prudential Short mutual fund have on its future price. Prudential Short 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 Short autocorrelation shows the relationship between Prudential Short mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Prudential Short Duration.
   Regressed Prices   
JavaScript chart by amCharts 3.21.15Nov 14Nov 18Nov 22Nov 26Nov 30DecDec 08Dec 1214.0614.0814.1014.1214.1414.1614.1814.2014.22
JavaScript chart by amCharts 3.21.15Lagged Returns Returns
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Other Information on Investing in Prudential Mutual Fund

Prudential Short 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 Short security.
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