Pgim Target Correlations
| PDAMX Fund | 11.60 0.04 0.35% |
The correlation of Pgim Target 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.
Pgim Target Correlation With Market
Poor diversification
The correlation between Pgim Target Date and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pgim Target Date and DJI in the same portfolio, assuming nothing else is changed.
Pgim |
Moving together with Pgim Mutual Fund
| 0.97 | VLXVX | Vanguard Target Reti | PairCorr |
| 0.97 | FFIKX | Fidelity Freedom Index | PairCorr |
| 0.78 | FFIJX | Fidelity Freedom Index | PairCorr |
| 0.76 | FFSFX | Fidelity Freedom 2065 | PairCorr |
| 0.96 | FFSZX | Fidelity Freedom 2065 | PairCorr |
| 0.97 | FAVVX | Fidelity Freedom Index | PairCorr |
| 0.97 | FBMTX | American Funds 2065 | PairCorr |
| 0.97 | RCPTX | American Funds 2065 | PairCorr |
| 0.78 | FAXTX | American Funds 2065 | PairCorr |
| 0.97 | RBEOX | American Funds 2065 | PairCorr |
| 0.83 | FSMMX | Fs Multi Strategy | PairCorr |
| 0.94 | BTMPX | Ishares Msci Eafe | PairCorr |
| 0.94 | BTMKX | Blackrock International | PairCorr |
| 0.94 | MDIIX | Blackrock Intern Index | PairCorr |
| 0.62 | MLPMX | Oppenheimer Steelpath Mlp | PairCorr |
| 0.62 | CVX | Chevron Corp Earnings Call This Week | PairCorr |
| 0.65 | DIS | Walt Disney | PairCorr |
Moving against Pgim Mutual Fund
| 0.45 | VZ | Verizon Communications Earnings Call This Week | PairCorr |
| 0.43 | T | ATT Inc Earnings Call Tomorrow | PairCorr |
| 0.41 | TRV | The Travelers Companies | PairCorr |
Related Correlations Analysis
| 0.0 | 0.91 | 0.0 | 0.0 | 0.0 | 0.0 | FMVUX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | RPGXX | ||
| 0.91 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | PRELX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | TFGXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | JIMXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | FMFXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | MYMXX | ||
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Pgim Mutual Fund performing well and Pgim Target 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 Pgim Target'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FMVUX | 0.75 | 0.15 | 0.17 | 0.24 | 0.53 | 1.89 | 7.72 | |||
| RPGXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PRELX | 0.20 | 0.06 | (0.02) | 0.48 | 0.00 | 0.40 | 1.18 | |||
| TFGXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| JIMXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FMFXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MYMXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |