Prudential Health Value At Risk
| PHLAX Fund | | | USD 32.63 0.24 0.74% |
The Value At Risk indicator for Prudential Health Sciences is derived from observed market data. The calculation draws on time-series market data across available periods. Portfolio design and allocation context appear in
Your Equity Center. All metrics are derived from available inputs and shown for reference. Tracking Prudential Health Sciences in a portfolio provides context for performance attribution. Position sizing depends on the allocation methodology selected for the portfolio. Broader economic conditions can influence Prudential Health Sciences's mutual fund valuation — related indicators include
signals in nation.
Prudential Health Sciences has current Value At Risk of
-1.95. Value At Risk (or VAR) is a statistical technique used to measure the level of financial risk of investment instrument over a specific time frame. It is a widely used measure of the risk of loss on a specific investing instrument.
Value At Risk | = | ER[a] x N | + | (Z-SCORE x STD x SQRT (N)) |
| = | -1.95 | |
| ER[a] | = | Expected return on investing in Prudential Health |
| STD | = | Standard Deviation of Prudential Health |
| N | = | Number of points for the period |
| Z-SCORE | = | Number of standard deviations above or below the mean |
Value At Risk Peers Comparison
Value At Risk Relative To Other Indicators
Prudential Health Sciences is rated
below average in value at risk among similar funds. It is currently under evaluation in maximum drawdown among similar funds .
Value At Risk is used by risk managers in order to measure and control the level of risk which the firm undertakes. The risk manager job is to ensure that risks are not taken beyond the level at which the firm can absorb the losses of a probable worst outcome. VAR can be defined as the loss level that will not be exceeded with a certain confidence level during a certain period of time.
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