Prudential Jennison Value Fund Market Value
| JDVRX Fund | USD 21.04 0.02 0.1% |
| Symbol | Prudential |
Prudential Jennison '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 Jennison'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 Jennison.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Prudential Jennison on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Prudential Jennison Value or generate 0.0% return on investment in Prudential Jennison over 30 days. Prudential Jennison is related to or competes with Prudential Jennison, Prudential Jennison, Pgim Jennison, Pgim Jennison, Prudential Short, Prudential Emerging, and Prudential Floating. The fund normally invests at least 65 percent of its total assets in the equity and equity-related securities of compani... More
Prudential Jennison 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 Jennison'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 Jennison Value upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8008 | |||
| Information Ratio | 0.0431 | |||
| Maximum Drawdown | 3.65 | |||
| Value At Risk | (1.18) | |||
| Potential Upside | 1.21 |
Prudential Jennison Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prudential Jennison's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prudential Jennison's standard deviation. In reality, there are many statistical measures that can use Prudential Jennison historical prices to predict the future Prudential Jennison's volatility.| Risk Adjusted Performance | 0.0909 | |||
| Jensen Alpha | 0.033 | |||
| Total Risk Alpha | 0.0241 | |||
| Sortino Ratio | 0.0359 | |||
| Treynor Ratio | 0.0943 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Prudential Jennison'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 Jennison Value Backtested Returns
We consider Prudential Jennison very steady. Prudential Jennison Value maintains Sharpe Ratio (i.e., Efficiency) of 0.13, which implies the entity had a 0.13% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Prudential Jennison Value, which you can use to evaluate the volatility of the fund. Please check Prudential Jennison's Semi Deviation of 0.5961, risk adjusted performance of 0.0909, and Coefficient Of Variation of 685.29 to confirm if the risk estimate we provide is consistent with the expected return of 0.0856%. The fund holds a Beta of 0.93, which implies possible diversification benefits within a given portfolio. Prudential Jennison returns are very sensitive to returns on the market. As the market goes up or down, Prudential Jennison is expected to follow.
Auto-correlation | -0.11 |
Insignificant reverse predictability
Prudential Jennison Value has insignificant reverse predictability. Overlapping area represents the amount of predictability between Prudential Jennison time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th of April 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 Jennison Value price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Prudential Jennison price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Prudential Jennison Value lagged returns against current returns
Autocorrelation, which is Prudential Jennison 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 Jennison's mutual fund expected returns. We can calculate the autocorrelation of Prudential Jennison returns to help us make a trade decision. For example, suppose you find that Prudential Jennison 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 Jennison 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 Jennison mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prudential Jennison 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 Jennison mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Prudential Jennison Lagged Returns
When evaluating Prudential Jennison's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prudential Jennison mutual fund have on its future price. Prudential Jennison 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 Jennison autocorrelation shows the relationship between Prudential Jennison mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Prudential Jennison Value.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Prudential Jennison Correlation, Prudential Jennison Volatility and Prudential Jennison Alpha and Beta module to complement your research on Prudential Jennison. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
Prudential Jennison 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.