Prudential Income Builder Fund Market Value
| PCGQX Fund | USD 10.18 0.03 0.30% |
| Symbol | Prudential |
Prudential Income '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 Income'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 Income.
| 04/20/2025 |
| 07/19/2025 |
If you would invest 0.00 in Prudential Income on April 20, 2025 and sell it all today you would earn a total of 0.00 from holding Prudential Income Builder or generate 0.0% return on investment in Prudential Income over 90 days. Prudential Income is related to or competes with Prudential Jennison, Prudential Jennison, Pgim Jennison, Pgim Jennison, Prudential Short, Prudential Emerging, and Prudential Floating. The fund seeks to achieve its investment objective by investing in a diversified portfolio consisting of a wide variety ... More
Prudential Income 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 Income'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 Income Builder upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4238 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 1.87 | |||
| Value At Risk | (0.59) | |||
| Potential Upside | 0.6951 |
Prudential Income Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prudential Income's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prudential Income's standard deviation. In reality, there are many statistical measures that can use Prudential Income historical prices to predict the future Prudential Income's volatility.| Risk Adjusted Performance | 0.2894 | |||
| Jensen Alpha | 0.0741 | |||
| Total Risk Alpha | 0.0593 | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.3892 |
Prudential Income Builder Backtested Returns
At this stage we consider Prudential Mutual Fund to be very steady. Prudential Income Builder maintains Sharpe Ratio (i.e., Efficiency) of 0.37, which implies the entity had a 0.37 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Prudential Income Builder, which you can use to evaluate the volatility of the fund. Please check Prudential Income's Standard Deviation of 0.3729, risk adjusted performance of 0.2894, and Downside Deviation of 0.4238 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%. The fund holds a Beta of 0.29, which implies not very significant fluctuations relative to the market. As returns on the market increase, Prudential Income's returns are expected to increase less than the market. However, during the bear market, the loss of holding Prudential Income is expected to be smaller as well.
Auto-correlation | 0.84 |
Very good predictability
Prudential Income Builder has very good predictability. Overlapping area represents the amount of predictability between Prudential Income time series from 20th of April 2025 to 4th of June 2025 and 4th of June 2025 to 19th of July 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 Prudential Income Builder price movement. The serial correlation of 0.84 indicates that around 84.0% of current Prudential Income price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Prudential Income Builder lagged returns against current returns
Autocorrelation, which is Prudential Income 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 Income's mutual fund expected returns. We can calculate the autocorrelation of Prudential Income returns to help us make a trade decision. For example, suppose you find that Prudential Income 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 Income 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 Income mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prudential Income 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 Income mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Prudential Income Lagged Returns
When evaluating Prudential Income's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prudential Income mutual fund have on its future price. Prudential Income 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 Income autocorrelation shows the relationship between Prudential Income mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Prudential Income Builder.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Prudential Mutual Fund
Prudential Income financial ratios help investors to determine whether Prudential Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Prudential with respect to the benefits of owning Prudential Income security.
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