Prudential Total Correlations

PDBZX Fund

USD 12.28 0.02 0.16%

The current 90-days correlation between Prudential Total Return and Intermediate Bond Fund is -0.24 (i.e., Very good diversification). The correlation of Prudential Total 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 Total Correlation With Market

Very weak diversification

The correlation between Prudential Total Return and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Prudential Total Return 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 Total Return. 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

0.72	HYSZX	Prudential Short Duration	Pair Corr
0.73	HYSAX	Prudential Short Duration	Pair Corr
0.73	HYSCX	Prudential Short Duration	Pair Corr
0.71	PHECX	Prudential Global Total	Pair Corr
0.73	PHEAX	Prudential Global Total	Pair Corr
0.69	PHEZX	Prudential Global Total	Pair Corr

Related Correlations Analysis

	PTRQX	PRILX	FAJTX	HNACX	HACAX	HRCAX	TWCUX	TWCCX	TWUIX	IBFFX
PTRQX		0.29	0.61	0.16	-0.34	0.17	-0.22	0.37	0.33	0.93	PTRQX
PRILX	0.29		0.76	0.83	-0.03	0.84	0.04	0.78	0.78	0.45	PRILX
FAJTX	0.61	0.76		0.63	-0.16	0.63	0.02	0.74	0.74	0.63	FAJTX
HNACX	0.16	0.83	0.63		0.21	1.0	0.24	0.83	0.86	0.38	HNACX
HACAX	-0.34	-0.03	-0.16	0.21		0.18	0.97	-0.1	0.04	-0.23	HACAX
HRCAX	0.17	0.84	0.63	1.0	0.18		0.22	0.84	0.86	0.39	HRCAX
TWCUX	-0.22	0.04	0.02	0.24	0.97	0.22		-0.01	0.14	-0.13	TWCUX
TWCCX	0.37	0.78	0.74	0.83	-0.1	0.84	-0.01		0.99	0.51	TWCCX
TWUIX	0.33	0.78	0.74	0.86	0.04	0.86	0.14	0.99		0.49	TWUIX
IBFFX	0.93	0.45	0.63	0.38	-0.23	0.39	-0.13	0.51	0.49		IBFFX
	PTRQX	PRILX	FAJTX	HNACX	HACAX	HRCAX	TWCUX	TWCCX	TWUIX	IBFFX

Please upgrade your account to get full access to Macroaxis premium features

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

HRCAX	+ 1.0	HNACX
TWUIX	+ 0.99	TWCCX
TWCUX	+ 0.97	HACAX
IBFFX	+ 0.93	PTRQX
TWUIX	+ 0.86	HNACX
TWUIX	+ 0.86	HRCAX

High negative correlations

HACAX	- 0.34	PTRQX
IBFFX	- 0.23	HACAX
TWCUX	- 0.22	PTRQX
HACAX	- 0.16	FAJTX
IBFFX	- 0.13	TWCUX
TWCCX	- 0.1	HACAX

Risk-Adjusted Indicators

There is a big difference between Prudential Mutual Fund performing well and Prudential Total 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 Total'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
PTRQX	0.15	0.02	(0.18)	0.59	0.04	(0.17)	0.33	(0.33)	0.66
PRILX	0.95	0.35	0.35	(3.60)	0.23	(1.26)	1.29	(1.30)	23.82
FAJTX	0.53	0.08	0.03	1.29	0.58	(0.57)	1.00	(1.20)	3.26
HNACX	0.93	0.08	0.04	0.24	1.07	(0.98)	1.47	(1.97)	14.93
HACAX	0.75	(0.10)	0.00	(0.64)	0.00	0.00	1.24	(1.98)	5.22
HRCAX	0.95	0.09	0.05	0.26	1.06	(1.01)	1.47	(1.97)	15.85
TWCUX	0.75	(0.07)	0.00	(0.62)	0.00	0.00	1.39	(2.03)	5.22
TWCCX	1.16	0.30	0.21	12.46	0.83	(1.48)	1.45	(2.03)	26.20
TWUIX	0.95	0.13	0.06	2.00	1.00	(1.08)	1.46	(2.02)	15.27
IBFFX	0.10	0.01	(0.42)	5.54	0.00	(0.15)	0.24	(0.16)	0.55

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