Prudential Jennison Correlations

PEICX Fund

USD 22.52 0.05 0.22%

The current 90-days correlation between Prudential Jennison Value and Ep Emerging Markets is 0.19 (i.e., Average 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

Poor diversification

The correlation between Prudential Jennison Value and DJI is 0.77 (i.e., Poor 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 unemployment.

Moving together with Prudential Mutual Fund

0.73	VVIAX	Vanguard Value Index	Pair Corr
0.92	AWSHX	Washington Mutual	Pair Corr
0.92	WSHCX	Washington Mutual	Pair Corr
0.77	WSHFX	Washington Mutual	Pair Corr
0.88	FWWMX	American Funds Washington	Pair Corr
0.88	FWMMX	American Funds Washington	Pair Corr
0.87	DODGX	Dodge Stock Fund	Pair Corr
0.78	AMFFX	American Mutual	Pair Corr
0.78	AMFCX	American Mutual	Pair Corr
0.72	SMPSX	Semiconductor Ultrasector Steady Growth	Pair Corr
0.7	SMPIX	Semiconductor Ultrasector Steady Growth	Pair Corr
0.84	RSNRX	Victory Global Natural	Pair Corr
0.79	RSNYX	Victory Global Natural	Pair Corr
0.79	RGNCX	Victory Global Natural	Pair Corr
0.65	MLPLX	Oppenheimer Steelpath Mlp	Pair Corr
0.62	PMPIX	Precious Metals Ultr	Pair Corr
0.68	FELIX	Fidelity Advisor Sem	Pair Corr
0.68	FELAX	Fidelity Advisor Sem	Pair Corr
0.74	AA	Alcoa Corp	Pair Corr
0.82	BA	Boeing	Pair Corr

Moving against Prudential Mutual Fund

0.65	AMRMX	American Mutual	Pair Corr
0.67	T	ATT Inc Earnings Call This Week	Pair Corr
0.38	MMM	3M Company	Pair Corr
0.38	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	GMAQX	SEKRX	QTERX	ZEMIX	FEMDX	REMVX	EPASX
GMAQX		0.95	0.98	0.97	0.92	0.98	0.95	GMAQX
SEKRX	0.95		0.97	0.9	0.82	0.98	0.94	SEKRX
QTERX	0.98	0.97		0.94	0.87	0.98	0.94	QTERX
ZEMIX	0.97	0.9	0.94		0.9	0.92	0.87	ZEMIX
FEMDX	0.92	0.82	0.87	0.9		0.89	0.89	FEMDX
REMVX	0.98	0.98	0.98	0.92	0.89		0.96	REMVX
EPASX	0.95	0.94	0.94	0.87	0.89	0.96		EPASX
	GMAQX	SEKRX	QTERX	ZEMIX	FEMDX	REMVX	EPASX

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
GMAQX	0.61	0.28	0.32	0.67	0.07	(0.74)	1.34	(0.93)	5.20
SEKRX	0.72	0.21	0.20	0.92	0.55	(0.80)	2.16	(1.20)	3.90
QTERX	0.66	0.19	0.24	0.42	0.38	(0.85)	1.67	(1.09)	3.21
ZEMIX	0.97	0.44	0.56	0.64	0.00	(1.30)	1.84	(1.09)	20.20
FEMDX	0.15	0.07	0.13	0.60	0.00	(0.21)	0.48	(0.24)	1.12
REMVX	0.58	0.24	0.32	1.81	0.00	(0.78)	1.47	(0.82)	2.83
EPASX	0.47	0.10	0.10	0.56	0.37	(0.55)	1.39	(0.68)	2.57

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