Pgim Large Cap Buffer Etf Performance
| NOVP Etf | 27.36 0.06 0.22% |
The etf holds a Beta of 0.0276, which implies not very significant fluctuations relative to the market. As returns on the market increase, PGIM Large's returns are expected to increase less than the market. However, during the bear market, the loss of holding PGIM Large is expected to be smaller as well.
Risk-Adjusted Performance
19 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in PGIM Large Cap Buffer are ranked lower than 19 (%) of all global equities and portfolios over the last 90 days. Even with relatively invariable basic indicators, PGIM Large is not utilizing all of its potentials. The current stock price agitation, may contribute to short-term losses for the retail investors. ...more
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PGIM Large Relative Risk vs. Return Landscape
If you would invest 2,598 in PGIM Large Cap Buffer on August 30, 2024 and sell it today you would earn a total of 138.00 from holding PGIM Large Cap Buffer or generate 5.31% return on investment over 90 days. PGIM Large Cap Buffer is currently generating 0.0827% in daily expected returns and assumes 0.3351% risk (volatility on return distribution) over the 90 days horizon. In different words, 2% of etfs are less volatile than PGIM, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
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PGIM Large Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for PGIM Large's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as PGIM Large Cap Buffer, and traders can use it to determine the average amount a PGIM Large's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.2469
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Estimated Market Risk
| 0.34 actual daily | 3 97% of assets are more volatile |
Expected Return
| 0.08 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.25 actual daily | 19 81% of assets perform better |
Based on monthly moving average PGIM Large is performing at about 19% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of PGIM Large by adding it to a well-diversified portfolio.
About PGIM Large Performance
Assessing PGIM Large's fundamental ratios provides investors with valuable insights into PGIM Large's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the PGIM Large is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.