PGAEX Mutual Fund Quote

PGAEX
 Fund
  

USD 10.87  0.01  0.09%   

Market Performance
4 of 100
Odds Of Distress
Less than 1
PGIM Wadhwani is trading at 10.87 as of the 26th of November 2022; that is -0.09% down since the beginning of the trading day. The fund's open price was 10.88. PGIM Wadhwani has a very small chance of experiencing financial distress in the next few years but had a somewhat insignificant performance during the last 90 days. Equity ratings for PGIM Wadhwani Systematic are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 6th of December 2020 and ending today, the 26th of November 2022. Click here to learn more.
The fund will seek to achieve its investment objective by investing globally in instruments that provide exposure to three broad asset classes equities, fixed income and currencies. The adviser may gain exposure to equities through derivative instruments such as equity index futures and equity index swaps or by direct investment in equities. More on PGIM Wadhwani Systematic

Moving together with PGIM Wadhwani

+0.75MBXIXCatalystMillburn HedgePairCorr
+0.74MBXCXCatalystMillburn HedgePairCorr

PGIM Wadhwani 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 Wadhwani's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding PGIM Wadhwani or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
PGIM Wadhwani is unlikely to experience financial distress in the next 2 years
The fund maintains about 99.84% of its assets in cash
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 Wadhwani's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong SellOvervalued
Startdate28th of September 2021
PGIM Wadhwani Systematic [PGAEX] is traded in USA and was established 26th of November 2022. The fund is listed under Macro Trading category and is part of PGIM Investments family. PGIM Wadhwani Systematic at this time has accumulated 43.7 M in assets with no minimum investment requirements
Check PGIM Wadhwani Probability Of Bankruptcy

Instrument Allocation

Sector Allocation (%)

Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on PGAEX Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding PGAEX Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as PGIM Wadhwani Systematic Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.

PGIM Wadhwani Target Price Odds Analysis

Based on a normal probability distribution, the odds of PGIM Wadhwani jumping above the current price in 90 days from now is about 50.0%. The PGIM Wadhwani Systematic probability density function shows the probability of PGIM Wadhwani mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon PGIM Wadhwani Systematic has a beta of -0.2316 indicating as returns on benchmark increase, returns on holding PGIM Wadhwani are expected to decrease at a much lower rate. During the bear market, however, PGIM Wadhwani Systematic is likely to outperform the market. Additionally, the company has an alpha of 0.042, implying that it can generate a 0.042 percent excess return over DOW after adjusting for the inherited market risk (beta).
  Odds Below 10.87HorizonTargetOdds Above 10.87
49.07%90 days
 10.87 
50.00%
Based on a normal probability distribution, the odds of PGIM Wadhwani to move above the current price in 90 days from now is about 50.0 (This PGIM Wadhwani Systematic probability density function shows the probability of PGAEX Mutual Fund to fall within a particular range of prices over 90 days) .

PGIM Wadhwani Systematic Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. PGIM Wadhwani market risk premium is the additional return an investor will receive from holding PGIM Wadhwani 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 Wadhwani. 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 Wadhwani's alpha and beta are two of the key measurements used to evaluate PGIM Wadhwani's performance over the market, the standard measures of volatility play an important role as well.

PGIM Wadhwani Against Markets

Picking the right benchmark for PGIM Wadhwani 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 Wadhwani 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 Wadhwani is critical whether you are bullish or bearish towards PGIM Wadhwani Systematic 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 Wadhwani 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.

Did you try this?

Run Premium Stories Now

   

Premium Stories

Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
All  Next Launch Module

Invested in PGIM Wadhwani Systematic?

The danger of trading PGIM Wadhwani Systematic 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 Wadhwani 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 Wadhwani. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile PGIM Wadhwani Systematic 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. Note that the PGIM Wadhwani Systematic information on this page should be used as a complementary analysis to other PGIM Wadhwani's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Bond Directory module to find actively traded corporate debentures issued by US companies.

Complementary Tools for PGAEX Mutual Fund analysis

When running PGIM Wadhwani Systematic price analysis, check to measure PGIM Wadhwani'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 Wadhwani is operating at the current time. Most of PGIM Wadhwani's value examination focuses on studying past and present price action to predict the probability of PGIM Wadhwani's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move PGIM Wadhwani's price. Additionally, you may evaluate how the addition of PGIM Wadhwani to your portfolios can decrease your overall portfolio volatility.
Watchlist Optimization
Optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm
Go
Portfolio Center
All portfolio management and optimization tools to improve performance of your portfolios
Go
Options Analysis
Analyze and evaluate options and option chains as a potential hedge for your portfolios
Go
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Go
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Go
Premium Stories
Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
Go
Please note, there is a significant difference between PGIM Wadhwani's value and its price as these two are different measures arrived at by different means. Investors typically determine PGIM Wadhwani value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PGIM Wadhwani'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.