PCWRX Mutual Fund Quote

PCWRX
 Fund
  

USD 9.44  0.08  0.85%   

Market Performance
0 of 100
Odds Of Distress
Less than 1
PGIM Corporate is trading at 9.44 as of the 7th of October 2022; that is 0.85 percent up since the beginning of the trading day. The fund's open price was 9.36. PGIM Corporate has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for PGIM Corporate Bond are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 17th of October 2020 and ending today, the 7th of October 2022. Click here to learn more.
The fund normally invests at least 80 percent of its investable assets in bonds of corporations with varying maturities. PGIM Corporate is traded on NASDAQ Exchange in the United States. More on PGIM Corporate Bond

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PGIM Corporate Mutual Fund Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. PGIM Corporate's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding PGIM Corporate or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
PGIM Corporate Bond generated a negative expected return over the last 90 days
PGIM Corporate Bond is unlikely to experience financial distress in the next 2 years
On 31st of August 2022 PGIM Corporate paid $ 0.024 per share dividend to its current shareholders
The fund maintains about 14.61% of its assets in bonds
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of PGIM Corporate's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Cautious HoldFairly Valued
Startdate11th of July 2018
PGIM Corporate Bond [PCWRX] is traded in USA and was established 7th of October 2022. The fund is listed under Corporate Bond category and is part of PGIM Investments family. PGIM Corporate Bond at this time has accumulated 32.93 M in assets with no minimum investment requirements, while the total return for the last 3 years was 4.39%.
Check PGIM Corporate Probability Of Bankruptcy

Instrument Allocation

PGIM Corporate Target Price Odds Analysis

Based on a normal probability distribution, the odds of PGIM Corporate jumping above the current price in 90 days from now is over 95.62%. The PGIM Corporate Bond probability density function shows the probability of PGIM Corporate mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon PGIM Corporate has a beta of 0.0112 indicating as returns on the market go up, PGIM Corporate average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding PGIM Corporate Bond will be expected to be much smaller as well. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. PGIM Corporate Bond is significantly underperforming DOW.
  Odds Below 9.44HorizonTargetOdds Above 9.44
4.28%90 days
 9.44 
95.62%
Based on a normal probability distribution, the odds of PGIM Corporate to move above the current price in 90 days from now is over 95.62 (This PGIM Corporate Bond probability density function shows the probability of PCWRX Mutual Fund to fall within a particular range of prices over 90 days) .

PGIM Corporate Bond Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. PGIM Corporate market risk premium is the additional return an investor will receive from holding PGIM Corporate long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in PGIM Corporate. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although PGIM Corporate's alpha and beta are two of the key measurements used to evaluate PGIM Corporate's performance over the market, the standard measures of volatility play an important role as well.

PGIM Corporate Against Markets

Picking the right benchmark for PGIM Corporate mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in PGIM Corporate mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for PGIM Corporate is critical whether you are bullish or bearish towards PGIM Corporate Bond at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in PGIM Corporate without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Invested in PGIM Corporate Bond?

The danger of trading PGIM Corporate Bond is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of PGIM Corporate is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than PGIM Corporate. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile PGIM Corporate Bond is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please check Your Equity Center. You can also try Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.

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When running PGIM Corporate Bond price analysis, check to measure PGIM Corporate's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy PGIM Corporate is operating at the current time. Most of PGIM Corporate's value examination focuses on studying past and present price action to predict the probability of PGIM Corporate's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move PGIM Corporate's price. Additionally, you may evaluate how the addition of PGIM Corporate to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between PGIM Corporate's value and its price as these two are different measures arrived at by different means. Investors typically determine PGIM Corporate value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PGIM Corporate'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.