Prudential Floating Correlations

Mutual Funds . USA . 
Fund . Prudential Floating Rate
FRFCX Fund  USD 8.96  0.01  0.11%   
The current 90-days correlation between Prudential Floating Rate and Gabelli Convertible And is 0.12 (i.e., Average diversification). The correlation of Prudential Floating is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Prudential Floating Correlation With Market

Very poor diversification

The correlation between Prudential Floating Rate and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Prudential Floating Rate and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Prudential Floating Rate. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with Prudential Mutual Fund

  0.97HYSZX Prudential Short DurationPairCorr
  0.96HYSAX Prudential Short DurationPairCorr
  0.95HYSCX Prudential Short DurationPairCorr
  0.91EMDCX Prudential EmergingPairCorr
  0.93EMDAX Prudential EmergingPairCorr
  0.92EMDZX Prudential EmergingPairCorr
  0.86PFSZX Prudential Financial Potential GrowthPairCorr
  0.86PFSAX Prudential FinancialPairCorr
  0.74PGJAX Prudential JennisonPairCorr
  0.75PGJCX Prudential JennisonPairCorr
  0.76PGJZX Prudential JennisonPairCorr
  1.0FRFZX Prudential Floating RatePairCorr
  1.0FRFAX Prudential Floating RatePairCorr
  0.89PGOAX Prudential Jennison SmallPairCorr
  0.91PGNAX Jennison Natural ResPairCorr
  0.61PHICX Prudential Muni HighPairCorr
  0.78PHIZX Prudential Muni HighPairCorr
  0.87PHLAX Prudential HealthPairCorr
  0.88PHSZX Prudential HealthPairCorr
  0.94PHYZX Prudential High YieldPairCorr
  0.93PHYEX Pgim High YieldPairCorr
  0.83PIBAX Prudential BalancedPairCorr
  0.84SUVCX Prudential Qma StrategicPairCorr
  0.85SUVAX Prudential Qma StrategicPairCorr
  0.87PIFCX Prudential Short TermPairCorr
  0.85SUVZX Prudential Qma StrategicPairCorr
  0.93PIFZX Prudential Short TermPairCorr

Moving against Prudential Mutual Fund

  0.52PHECX Prudential Global TotalPairCorr
  0.32PHEAX Prudential Global TotalPairCorr
  0.7PHLCX Prudential HealthPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Prudential Mutual Fund performing well and Prudential Floating Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Prudential Floating's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2026 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY