Pgim Active High Etf Performance
| PHYL Etf | USD 35.44 0.06 0.17% |
The etf holds a Beta of -0.0097, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning PGIM Active are expected to decrease at a much lower rate. During the bear market, PGIM Active is likely to outperform the market.
Risk-Adjusted Performance
14 of 100
Weak | Strong |
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Compared to the overall equity markets, risk-adjusted returns on investments in PGIM Active High are ranked lower than 14 (%) of all global equities and portfolios over the last 90 days. Despite quite persistent basic indicators, PGIM Active is not utilizing all of its potentials. The latest stock price mess, may contribute to short-term losses for the institutional investors. ...more
| In Threey Sharp Ratio | -0.13 |
PGIM |
PGIM Active Relative Risk vs. Return Landscape
If you would invest 3,460 in PGIM Active High on August 30, 2024 and sell it today you would earn a total of 84.00 from holding PGIM Active High or generate 2.43% return on investment over 90 days. PGIM Active High is currently generating 0.0377% in daily expected returns and assumes 0.2089% risk (volatility on return distribution) over the 90 days horizon. In different words, 1% 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 |
| Risk |
PGIM Active Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for PGIM Active's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as PGIM Active High, and traders can use it to determine the average amount a PGIM Active'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 = 0.1805
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| Negative Returns | PHYL |
Estimated Market Risk
| 0.21 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.18 actual daily | 14 86% of assets perform better |
Based on monthly moving average PGIM Active is performing at about 14% 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 Active by adding it to a well-diversified portfolio.
PGIM Active Fundamentals Growth
PGIM Etf prices reflect investors' perceptions of the future prospects and financial health of PGIM Active, and PGIM Active fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on PGIM Etf performance.
| Total Asset | 85.62 M | |||
About PGIM Active Performance
By examining PGIM Active's fundamental ratios, stakeholders can obtain critical insights into PGIM Active's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that PGIM Active is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
Under normal market conditions, the fund invests at least 80 percent of its investable assets in a diversified portfolio of high yield bonds that are below investment grade and other investments with similar economic characteristics. PGIM Active is traded on NYSEARCA Exchange in the United States.| The fund maintains about 12.57% of its assets in bonds |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PGIM Active High. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
The market value of PGIM Active High is measured differently than its book value, which is the value of PGIM that is recorded on the company's balance sheet. Investors also form their own opinion of PGIM Active's value that differs from its market value or its book value, called intrinsic value, which is PGIM Active's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because PGIM Active's market value can be influenced by many factors that don't directly affect PGIM Active's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between PGIM Active's value and its price as these two are different measures arrived at by different means. Investors typically determine if PGIM Active is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PGIM Active'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.