Prudential Porate Bond Fund Market Value
| TGMBX Fund | USD 9.75 0.02 0.20% |
| Symbol | Prudential |
Prudential Porate '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 Porate'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 Porate.
| 05/21/2022 |
| 05/10/2024 |
If you would invest 0.00 in Prudential Porate on May 21, 2022 and sell it all today you would earn a total of 0.00 from holding Prudential Porate Bond or generate 0.0% return on investment in Prudential Porate over 720 days. Prudential Porate is related to or competes with Vanguard Intermediate, Vanguard Intermediate, and Investment Grade. The fund normally invests at least 80 percent of its investable assets in bonds of corporations with varying maturities More
Prudential Porate 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 Porate'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 Porate Bond upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 1.64 | |||
| Value At Risk | (0.71) | |||
| Potential Upside | 0.418 |
Prudential Porate Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prudential Porate's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prudential Porate's standard deviation. In reality, there are many statistical measures that can use Prudential Porate historical prices to predict the future Prudential Porate's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | (0.21) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Prudential Porate'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.
Prudential Porate Bond Backtested Returns
We consider Prudential Porate very steady. Prudential Porate Bond maintains Sharpe Ratio (i.e., Efficiency) of 0.0017, which implies the entity had a 0.0017% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Prudential Porate Bond, which you can use to evaluate the volatility of the fund. Please check Prudential Porate's Coefficient Of Variation of (36,195), risk adjusted performance of (0.01), and Variance of 0.1204 to confirm if the risk estimate we provide is consistent with the expected return of 6.0E-4%. The fund holds a Beta of 0.0521, which implies not very significant fluctuations relative to the market. As returns on the market increase, Prudential Porate's returns are expected to increase less than the market. However, during the bear market, the loss of holding Prudential Porate is expected to be smaller as well.
Auto-correlation | 0.60 |
Good predictability
Prudential Porate Bond has good predictability. Overlapping area represents the amount of predictability between Prudential Porate time series from 21st of May 2022 to 16th of May 2023 and 16th of May 2023 to 10th of May 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 Porate Bond price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current Prudential Porate price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Prudential Porate Bond lagged returns against current returns
Autocorrelation, which is Prudential Porate 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 Porate's mutual fund expected returns. We can calculate the autocorrelation of Prudential Porate returns to help us make a trade decision. For example, suppose you find that Prudential Porate 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 Porate 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 Porate mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prudential Porate 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 Porate mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Prudential Porate Lagged Returns
When evaluating Prudential Porate's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prudential Porate mutual fund have on its future price. Prudential Porate 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 Porate autocorrelation shows the relationship between Prudential Porate mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Prudential Porate Bond.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Prudential Porate Correlation, Prudential Porate Volatility and Prudential Porate Alpha and Beta module to complement your research on Prudential Porate. Note that the Prudential Porate Bond information on this page should be used as a complementary analysis to other Prudential Porate's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Prudential Porate technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.