Prudential Qma Mid Cap Fund Market Value

NCBVX Fund  USD 19.66  0.39  2.02%   
Prudential Qma's market value is the price at which a share of Prudential Qma trades on a public exchange. It measures the collective expectations of Prudential Qma Mid Cap investors about its performance. Prudential Qma is trading at 19.66 as of the 28th of March 2024; that is 2.02% increase since the beginning of the trading day. The fund's open price was 19.27.
With this module, you can estimate the performance of a buy and hold strategy of Prudential Qma Mid Cap and determine expected loss or profit from investing in Prudential Qma over a given investment horizon. Check out Prudential Qma Correlation, Prudential Qma Volatility and Prudential Qma Alpha and Beta module to complement your research on Prudential Qma.
Symbol

Please note, there is a significant difference between Prudential Qma's value and its price as these two are different measures arrived at by different means. Investors typically determine if Prudential Qma is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Prudential Qma'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 Qma '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 Qma'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 Qma.
0.00
04/08/2022
No Change 0.00  0.0 
In 1 year 11 months and 21 days
03/28/2024
0.00
If you would invest  0.00  in Prudential Qma on April 8, 2022 and sell it all today you would earn a total of 0.00 from holding Prudential Qma Mid Cap or generate 0.0% return on investment in Prudential Qma over 720 days. Prudential Qma is related to or competes with USCF Gold, Prudential Jennison, Prudential Jennison, Prudential Jennison, Pgim Jennison, Jennison Natural, and Prudential Short. The fund normally invests at least 80 percent of its investable assets in equity and equity-related securities of mid-ca... More

Prudential Qma 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 Qma'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 Qma Mid Cap upside and downside potential and time the market with a certain degree of confidence.

Prudential Qma Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Prudential Qma's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prudential Qma's standard deviation. In reality, there are many statistical measures that can use Prudential Qma historical prices to predict the future Prudential Qma'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 Qma'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
18.4619.2720.08
Details
Intrinsic
Valuation
LowRealHigh
18.2819.0919.90
Details
Naive
Forecast
LowNextHigh
18.4919.3020.11
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
19.1919.3219.44
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Prudential Qma. Your research has to be compared to or analyzed against Prudential Qma's peers to derive any actionable benefits. When done correctly, Prudential Qma's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Prudential Qma Mid-cap.

Prudential Qma Mid-cap Backtested Returns

We consider Prudential Qma very steady. Prudential Qma Mid-cap 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-eight technical indicators for Prudential Qma Mid-cap, which you can use to evaluate the volatility of the fund. Please check Prudential Qma's Coefficient Of Variation of 689.98, semi deviation of 0.7349, and Risk Adjusted Performance of 0.0838 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%. The fund holds a Beta of 1.33, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Prudential Qma will likely underperform.

Auto-correlation

    
  -0.01  

Very weak reverse predictability

Prudential Qma Mid Cap has very weak reverse predictability. Overlapping area represents the amount of predictability between Prudential Qma time series from 8th of April 2022 to 3rd of April 2023 and 3rd of April 2023 to 28th of March 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 Qma Mid-cap price movement. The serial correlation of -0.01 indicates that just 1.0% of current Prudential Qma price fluctuation can be explain by its past prices.
Correlation Coefficient-0.01
Spearman Rank Test-0.18
Residual Average0.0
Price Variance0.85

Prudential Qma Mid-cap lagged returns against current returns

Autocorrelation, which is Prudential Qma 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 Qma's mutual fund expected returns. We can calculate the autocorrelation of Prudential Qma returns to help us make a trade decision. For example, suppose you find that Prudential Qma 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 Qma 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 Qma mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prudential Qma 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 Qma mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Prudential Qma Lagged Returns

When evaluating Prudential Qma's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prudential Qma mutual fund have on its future price. Prudential Qma 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 Qma autocorrelation shows the relationship between Prudential Qma mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Prudential Qma Mid Cap.
   Regressed Prices   
       Timeline  

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Prudential Qma in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Prudential Qma's short interest history, or implied volatility extrapolated from Prudential Qma options trading.

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Check out Prudential Qma Correlation, Prudential Qma Volatility and Prudential Qma Alpha and Beta module to complement your research on Prudential Qma.
You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.

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Prudential Qma 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.
A focus of Prudential Qma technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Prudential Qma trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...