PRUDENTIAL FINANCIAL INC was among the worst performers on Tuesday. It fell by -1.39% to close at 82.14. On a day when the overall market breadth was 35%, it closed higher than 11% of the market. In comparison, the benchmark SP500 index closed today at -0.0004%.
PRU is currently in a bearish trend. Over the last three months 3 bearish signals have generated a profit of +9.07% for investors.
PRU has been underperforming the SP500 index in recent time. It showed significant underperformance (compared to the SP500 index) from 16 Feb, 2017 to 11 Dec, 2018. One must note that PRU is currently at it's worst performance to the SP500 index which makes it a bad investment candidate. Over the last 2 years 11 months and 7 days, PRU underperformed the SP500 index on 51% days.
During the last three months PRU delivered profits on 50% days. However, it still managed to end this period in a loss. It's best return during this period (of +2.86%) was on Friday, 14 Sep, 2018. While it's worst loss in the same period (of -5.39%) was on Tuesday, 4 Dec, 2018. The longest stort-term trend during this period was 8 profitable days, which started on 29 Oct, 2018 and went on till 7 Nov, 2018. This bullish trend returned +11.13% to investors.
During the last year PRU had 4 profitable months and 8 loss making months. PRU returned profits in fewer months than SP500 index. PRU was also a more risky investment than SP500 index as it's worst month in the last year, Dec 2018, returned -12.39% compared to -7.28% returned by SP500 index in Oct 2018. PRU had a longer winning streak of losing months than SP500 index. It went down in 3 straight months (from Oct 2018 to Dec 2018) during which period it delivered -20.08%. It is interesting to note that both PRU and SP500 index significantly outperform during months when quarterly/annual results are announced.
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PRU is currently seeing overall increase in volatility. In comparison, the SP500 index is seeing increase in volatility. During the last three months, there was a significant surge in PRU's volatility from 13 Sep, 2018 to 11 Dec, 2018. While there was a significant surge in the SP500 index's volatility from 13 Sep, 2018 to 29 Oct, 2018.
Advanced/professional short-term investors should note that PRU has significant positive skewness in it's return distribution. This indicates that investors can expect PRU to recover from drawdowns quickly. Which makes PRU a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
On a general note (since you are interested in PRU), DLPH has performed really well and deserves to be closely tracked for investment opportunities.
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