Prudential High Yield Fund Technical Analysis
| PRHCX Fund | USD 4.74 -0.02 -0.42% |
As of the 23rd of March, the last recorded price for PRUDENTIAL HIGH is 4.74 per share. Primary technical drivers reflect Coefficient Of Variation of -3,001, variance of 0.0347, and Risk Adjusted Performance of -0.06. Quantitative analysis incorporates volatility metrics and price behavior to assess directional bias. Metrics are compared to industry averages to assess relative positioning.
PRUDENTIAL HIGH Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as PRUDENTIAL, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to PRUDENTIALPRUDENTIAL |
What if' Analysis
Backtesting a what-if scenario on Prudential High Yield shows how the fund may have behaved if the position had been entered, held, or resized under different historical assumptions. The stronger interpretation comes from comparing realized return, risk, and path dependency instead of focusing only on the best historical outcome.
| 12/23/2025 |
| 03/23/2026 |
A 0.00 entry into PRUDENTIAL HIGH on December 23, 2025 held to the present would gain 0.00 in total return. This amounts to a 0.0% total return in PRUDENTIAL HIGH in total across a 90 day span. PRUDENTIAL HIGH shares sector or business overlap with INFLATION-ADJUSTED, Aqr Managed, Ab Bond, NATIONWIDE INFLATION-PROTEC, Ab Bond, and Fidelity Sai. The fund normally invests at least 80 percent of its investable assets in a diversified portfolio of high yield fixed-income instruments rated Ba or lower by Moodys Investors Service or BB or lower by SP Global Ratings , and instruments either comparably rated by another nationally recognized statistical rating organization , or considered to be of comparable quality, that is, junk bonds. More
Upside and Downside Indicators for PRUDENTIAL HIGH Dashboard
For PRUDENTIAL HIGH, these indicators describe the distribution of price movement across recent upside and downside ranges. The data frames how the price has moved within recent directional ranges.
| Information Ratio | 0.4409 | |||
| Maximum Drawdown | 1.25 | |||
| Value At Risk | -0.21 | |||
| Potential Upside | 0.2101 |
Volatility and Risk Indicators for PRUDENTIAL HIGH Snapshot
Historical risk measures for PRUDENTIAL HIGH describe how the price has varied across observation periods. The measures describe how returns have dispersed relative to historical norms.| Risk Adjusted Performance | -0.06 | |||
| Jensen Alpha | -0.01 | |||
| Total Risk Alpha | 0.0066 | |||
| Treynor Ratio | -0.20 |
Experienced investors tracking PRUDENTIAL HIGH's watch for mean reversion setups where price has deviated from its long-run average. Sentiment extremes, news events, or liquidity shocks are common catalysts for these temporary dislocations in PRUDENTIAL HIGH. Prices periodically overshoot their intrinsic value in both directions, creating mean reversion opportunities in PRUDENTIAL HIGH. The mean reversion signal is most useful when combined with fundamental confirmation for PRUDENTIAL HIGH's.
Technical Indicators
| Cycle Indicators | ||
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| Math Transform | ||
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| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
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| Volume Indicators |
| Risk Adjusted Performance | -0.06 | |||
| Market Risk Adjusted Performance | -0.19 | |||
| Mean Deviation | 0.1109 | |||
| Coefficient Of Variation | -3,001 | |||
| Standard Deviation | 0.1863 | |||
| Variance | 0.0347 | |||
| Information Ratio | 0.4409 | |||
| Jensen Alpha | -0.01 | |||
| Total Risk Alpha | 0.0066 | |||
| Treynor Ratio | -0.20 | |||
| Maximum Drawdown | 1.25 | |||
| Value At Risk | -0.21 | |||
| Potential Upside | 0.2101 | |||
| Skewness | -0.06 | |||
| Kurtosis | 3.0 |
Prudential High Yield Backtested Returns
Over the selected 3 months, PRUDENTIAL HIGH demonstrates a very low volatility profile. It maintains a Sharpe Ratio of -0.0541, suggesting a return-to-volatility ratio of -0.0541. Indicator analysis identified twenty-one signals affecting performance dispersion. Please analyze metrics such as Coefficient Of Variation of -3,001, variance of 0.0347, and risk-adjusted performance of -0.06 to assess dispersion and downside exposure. The fund secures a Beta of 0.0803, which signifies very low measured sensitivity to broad market movements. With a sub-1 beta, PRUDENTIAL HIGH typically participates in market rallies at a reduced pace while often limiting downside exposure.
Auto-correlation | -0.47 |
Modest reverse predictability
The autocorrelation profile for Prudential High Yield registers modest reverse predictability between the two measured intervals. When lagged price patterns show consistency, they can serve as a partial input for modeling Prudential High Yield's near-term price behavior. A serial correlation of -0.47 indicates that about 47.0% of current PRUDENTIAL HIGH price fluctuations can be explained by its historical price movements. Given that Prudential High Yield has negative autocorrelation for the selected time horizon, market participants may evaluate potential contrarian price behavior over comparable future intervals.
| Correlation Coefficient | -0.47 | |
| Spearman Rank Test | -0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Price behavior for PRUDENTIAL HIGH is studied within a technical framework. The model references indicators tied to price trends and momentum.
Technical Analysis
This analysis covers thirty-seven data points across the selected time horizon. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Prudential High Yield volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Technical Analysis Methodology & Indicators
Technical analysis of PRUDENTIAL HIGH focuses on NAV trend behavior and volatility patterns where pricing frequency permits. Volume and liquidity conditions influence signal reliability. Reduced trading volume may increase short-term pricing variability.
For Prudential High Yield, this section uses fund disclosures and market reference feeds with Macroaxis normalization rules applied to keep cross-asset comparisons consistent. Intraday timing differences may exist.
This content is curated and reviewed by:
Rifka Kats - Member of Macroaxis Editorial BoardPRUDENTIAL HIGH Technical Indicators
Technical analysis of Prudential High Yield is useful because it frames whether the current trend still looks durable or is beginning to weaken. The practical goal is to improve execution quality rather than to suggest that charts alone can predict every move.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | -0.06 | |||
| Market Risk Adjusted Performance | -0.19 | |||
| Mean Deviation | 0.1109 | |||
| Coefficient Of Variation | -3,001 | |||
| Standard Deviation | 0.1863 | |||
| Variance | 0.0347 | |||
| Information Ratio | 0.4409 | |||
| Jensen Alpha | -0.01 | |||
| Total Risk Alpha | 0.0066 | |||
| Treynor Ratio | -0.20 | |||
| Maximum Drawdown | 1.25 | |||
| Value At Risk | -0.21 | |||
| Potential Upside | 0.2101 | |||
| Skewness | -0.06 | |||
| Kurtosis | 3.0 |
March 23, 2026 Daily Trend Indicators
Technical analysis of Prudential High Yield is useful because it frames whether the current trend still looks durable or is beginning to weaken. The practical goal is to improve execution quality rather than to suggest that charts alone can predict every move.
| Accumulation Distribution | 0.00 | ||
| Daily Balance Of Power | 0.00 | ||
| Rate Of Daily Change | 1.00 | ||
| Day Median Price | 4.74 | ||
| Day Typical Price | 4.74 | ||
| Price Action Indicator | -0.01 |