Pgim Nasdaq 100 Buffer Etf Market Value
| PQAP Etf | 27.16 0.25 0.91% |
| Symbol | PGIM |
The market value of PGIM Nasdaq 100 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 Nasdaq's value that differs from its market value or its book value, called intrinsic value, which is PGIM Nasdaq'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 Nasdaq's market value can be influenced by many factors that don't directly affect PGIM Nasdaq'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 Nasdaq's value and its price as these two are different measures arrived at by different means. Investors typically determine if PGIM Nasdaq is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PGIM Nasdaq'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.
PGIM Nasdaq '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 PGIM Nasdaq's etf 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 PGIM Nasdaq.
| 05/07/2025 |
| 08/05/2025 |
If you would invest 0.00 in PGIM Nasdaq on May 7, 2025 and sell it all today you would earn a total of 0.00 from holding PGIM Nasdaq 100 Buffer or generate 0.0% return on investment in PGIM Nasdaq over 90 days. More
PGIM Nasdaq 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 PGIM Nasdaq's etf 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 PGIM Nasdaq 100 Buffer upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3735 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 2.85 | |||
| Value At Risk | (0.42) | |||
| Potential Upside | 0.6821 |
PGIM Nasdaq Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PGIM Nasdaq's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PGIM Nasdaq's standard deviation. In reality, there are many statistical measures that can use PGIM Nasdaq historical prices to predict the future PGIM Nasdaq's volatility.| Risk Adjusted Performance | 0.2234 | |||
| Jensen Alpha | 0.1246 | |||
| Total Risk Alpha | 0.0515 | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.84) |
PGIM Nasdaq 100 Backtested Returns
Currently, PGIM Nasdaq 100 Buffer is very steady. PGIM Nasdaq 100 maintains Sharpe Ratio (i.e., Efficiency) of 0.29, which implies the entity had a 0.29 % return per unit of volatility over the last 3 months. We have found twenty-seven technical indicators for PGIM Nasdaq 100, which you can use to evaluate the volatility of the etf. Please check PGIM Nasdaq's risk adjusted performance of 0.2234, and Downside Deviation of 0.3735 to confirm if the risk estimate we provide is consistent with the expected return of 0.12%. The etf holds a Beta of -0.13, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning PGIM Nasdaq are expected to decrease at a much lower rate. During the bear market, PGIM Nasdaq is likely to outperform the market.
Auto-correlation | 0.90 |
Excellent predictability
PGIM Nasdaq 100 Buffer has excellent predictability. Overlapping area represents the amount of predictability between PGIM Nasdaq time series from 7th of May 2025 to 21st of June 2025 and 21st of June 2025 to 5th of August 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of PGIM Nasdaq 100 price movement. The serial correlation of 0.9 indicates that approximately 90.0% of current PGIM Nasdaq price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.9 | |
| Spearman Rank Test | 0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
PGIM Nasdaq 100 lagged returns against current returns
Autocorrelation, which is PGIM Nasdaq etf'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 PGIM Nasdaq's etf expected returns. We can calculate the autocorrelation of PGIM Nasdaq returns to help us make a trade decision. For example, suppose you find that PGIM Nasdaq has exhibited high autocorrelation historically, and you observe that the etf 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 |
PGIM Nasdaq 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 PGIM Nasdaq etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PGIM Nasdaq etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PGIM Nasdaq etf over time.
Current vs Lagged Prices |
| Timeline |
PGIM Nasdaq Lagged Returns
When evaluating PGIM Nasdaq's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PGIM Nasdaq etf have on its future price. PGIM Nasdaq 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, PGIM Nasdaq autocorrelation shows the relationship between PGIM Nasdaq etf current value and its past values and can show if there is a momentum factor associated with investing in PGIM Nasdaq 100 Buffer.
Regressed Prices |
| Timeline |
Pair Trading with PGIM Nasdaq
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if PGIM Nasdaq position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in PGIM Nasdaq will appreciate offsetting losses from the drop in the long position's value.Moving together with PGIM Etf
| 0.88 | VTI | Vanguard Total Stock | PairCorr |
| 0.88 | SPY | SPDR SP 500 | PairCorr |
| 0.88 | IVV | iShares Core SP | PairCorr |
| 0.81 | BND | Vanguard Total Bond | PairCorr |
| 0.85 | VTV | Vanguard Value Index | PairCorr |
The ability to find closely correlated positions to PGIM Nasdaq could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PGIM Nasdaq when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back PGIM Nasdaq - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling PGIM Nasdaq 100 Buffer to buy it.
The correlation of PGIM Nasdaq is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as PGIM Nasdaq moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PGIM Nasdaq 100 moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for PGIM Nasdaq can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out PGIM Nasdaq Correlation, PGIM Nasdaq Volatility and PGIM Nasdaq Alpha and Beta module to complement your research on PGIM Nasdaq. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
PGIM Nasdaq technical etf 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, etf market cycles, or different charting patterns.