Prudential Jennison Correlations

PBEAX Fund

USD 24.93 0.28 1.11%

The current 90-days correlation between Prudential Jennison Value and Vanguard Small Cap Value is 0.51 (i.e., Very weak diversification). The correlation of Prudential Jennison 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 Jennison Correlation With Market

Almost no diversification

The correlation between Prudential Jennison Value and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Prudential Jennison Value and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Prudential Jennison Value. 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 nation.

Moving together with Prudential Mutual Fund

0.85	HYSZX	Prudential Short Duration	Pair Corr
0.86	HYSAX	Prudential Short Duration	Pair Corr
0.85	HYSCX	Prudential Short Duration	Pair Corr
0.91	PFSZX	Prudential Financial Potential Growth	Pair Corr
0.86	PGJZX	Prudential Jennison	Pair Corr
0.89	FRFZX	Prudential Floating Rate	Pair Corr
0.77	FRFCX	Prudential Floating Rate	Pair Corr
0.66	PHIZX	Prudential Muni High	Pair Corr
0.85	PHLAX	Prudential Health	Pair Corr
0.88	PHYZX	Prudential High Yield	Pair Corr
0.95	SUVCX	Prudential Qma Strategic	Pair Corr
0.95	SUVZX	Prudential Qma Strategic	Pair Corr
0.91	PJDCX	Prudential Jennison	Pair Corr
0.69	PJFZX	Prudential Jennison	Pair Corr
0.98	PJIAX	Prudential Jennison	Pair Corr
0.89	PJGZX	Prudential Jennison	Pair Corr
0.92	PJIZX	Prudential Qma Inter	Pair Corr
0.9	PJRAX	Prudential Qma Inter	Pair Corr
0.91	NCBVX	Prudential Qma Mid	Pair Corr
0.86	PNRCX	Jennison Natural Res	Pair Corr
0.9	PRKAX	Prudential Real Estate	Pair Corr
0.64	PRPZX	Prudential Jennison Mlp	Pair Corr
0.89	PABCX	Prudential Balanced	Pair Corr
0.9	PABFX	Prudential Balanced	Pair Corr
0.72	PRUAX	Prudential Utility	Pair Corr
0.75	PRUZX	Prudential Utility	Pair Corr
0.92	TRACX	Prudential Qma Small	Pair Corr
0.95	PSIFX	Prudential Qma Stock	Pair Corr
0.81	PBCAX	Prudential California	Pair Corr
0.97	PTEZX	Prudential Qma Large	Pair Corr
0.92	TSVAX	Prudential Qma Small	Pair Corr
0.83	PCCFX	Prudential Income Builder	Pair Corr
0.78	PUCZX	Prudential Unconstrained	Pair Corr

Moving against Prudential Mutual Fund

0.54	PRJZX	Prudential Jennison	Pair Corr
0.54	AMRMX	American Mutual	Pair Corr

Related Correlations Analysis

	PVCMX	DRSVX	BPSCX	WBVNX	JISCX	ABYSX	LRSOX	VISVX
PVCMX		0.96	0.95	0.98	0.98	0.98	0.98	0.96	PVCMX
DRSVX	0.96		0.9	0.98	0.97	0.97	0.95	0.99	DRSVX
BPSCX	0.95	0.9		0.93	0.94	0.97	0.94	0.92	BPSCX
WBVNX	0.98	0.98	0.93		0.99	0.97	0.98	0.98	WBVNX
JISCX	0.98	0.97	0.94	0.99		0.98	0.97	0.96	JISCX
ABYSX	0.98	0.97	0.97	0.97	0.98		0.97	0.98	ABYSX
LRSOX	0.98	0.95	0.94	0.98	0.97	0.97		0.96	LRSOX
VISVX	0.96	0.99	0.92	0.98	0.96	0.98	0.96		VISVX
	PVCMX	DRSVX	BPSCX	WBVNX	JISCX	ABYSX	LRSOX	VISVX

Risk-Adjusted Indicators

There is a big difference between Prudential Mutual Fund performing well and Prudential Jennison 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 Jennison'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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PVCMX	0.22	0.05	(0.07)	2.48	0.00	(0.29)	0.57	(0.32)	1.08
DRSVX	0.79	0.15	0.16	0.22	0.61	(0.94)	2.29	(1.37)	4.30
BPSCX	0.87	0.18	0.19	0.26	0.52	(0.99)	2.37	(1.34)	8.57
WBVNX	0.72	0.24	0.22	1.14	0.44	(0.85)	2.14	(1.13)	4.46
JISCX	0.77	0.25	0.26	0.97	0.36	(0.94)	2.15	(0.98)	5.74
ABYSX	0.83	0.17	0.21	0.21	0.49	(1.04)	2.41	(1.29)	8.01
LRSOX	0.85	0.26	0.24	1.09	0.52	(1.08)	2.96	(1.38)	6.99
VISVX	0.72	0.09	0.11	0.16	0.61	(0.85)	2.06	(1.39)	4.03

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