Prudential Financial Correlations

PFSZX Fund

USD 24.20 0.44 1.79%

The current 90-days correlation between Prudential Financial and Gmo Alternative Allocation is 0.04 (i.e., Significant diversification). The correlation of Prudential Financial 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 Financial Correlation With Market

Very poor diversification

The correlation between Prudential Financial Services and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Prudential Financial Services 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 Financial Services. 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.

For more information on how to buy Prudential Mutual Fund please use our How to Invest in Prudential Financial guide.

Moving together with Prudential Mutual Fund

0.88	HYSZX	Prudential Short Duration	Pair Corr
0.88	HYSAX	Prudential Short Duration	Pair Corr
0.88	HYSCX	Prudential Short Duration	Pair Corr
0.85	EMDCX	Prudential Emerging	Pair Corr
0.87	EMDAX	Prudential Emerging	Pair Corr
0.85	EMDZX	Prudential Emerging	Pair Corr
1.0	PFSAX	Prudential Financial	Pair Corr
0.93	PGJAX	Prudential Jennison	Pair Corr
0.93	PGJCX	Prudential Jennison	Pair Corr
0.93	PGJZX	Prudential Jennison	Pair Corr
0.88	FRFZX	Prudential Floating Rate	Pair Corr
0.87	FRFAX	Prudential Floating Rate	Pair Corr
0.86	FRFCX	Prudential Floating Rate	Pair Corr
0.73	PGKZX	Pgim Jennison Technology	Pair Corr
0.93	PGOAX	Prudential Jennison Small	Pair Corr
0.86	PGNAX	Jennison Natural Res Steady Growth	Pair Corr
0.96	PHLAX	Prudential Health	Pair Corr
0.95	PHSZX	Prudential Health	Pair Corr
0.84	PHYZX	Prudential High Yield	Pair Corr
0.85	PHYEX	Pgim High Yield	Pair Corr
0.95	PIBAX	Prudential Balanced	Pair Corr
0.95	SUVCX	Prudential Qma Strategic	Pair Corr
0.95	SUVAX	Prudential Qma Strategic	Pair Corr
0.85	PIFCX	Prudential Short Term	Pair Corr
0.95	SUVZX	Prudential Qma Strategic	Pair Corr
0.86	PIFZX	Prudential Short Term	Pair Corr

Moving against Prudential Mutual Fund

0.5	PHECX	Prudential Global Total	Pair Corr
0.31	PHEAX	Prudential Global Total	Pair Corr
0.91	PHLCX	Prudential Health	Pair Corr
0.54	PJDAX	Prudential Jennison	Pair Corr

Related Correlations Analysis

	FMTIX	CBSYX	GGRYX	LBWCX	GAAKX
FMTIX		0.89	0.8	0.79	0.82	FMTIX
CBSYX	0.89		0.91	0.96	0.86	CBSYX
GGRYX	0.8	0.91		0.92	0.84	GGRYX
LBWCX	0.79	0.96	0.92		0.9	LBWCX
GAAKX	0.82	0.86	0.84	0.9		GAAKX
	FMTIX	CBSYX	GGRYX	LBWCX	GAAKX

Risk-Adjusted Indicators

There is a big difference between Prudential Mutual Fund performing well and Prudential Financial 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 Financial'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
FMTIX	0.39	0.05	0.02	0.16	0.36	(0.43)	0.78	(0.75)	4.34
CBSYX	0.42	0.04	0.03	0.14	0.32	(0.47)	0.82	(0.74)	5.49
GGRYX	0.54	0.10	0.12	0.21	0.38	(0.64)	0.91	(0.96)	8.85
LBWCX	0.76	0.20	0.33	0.23	0.00	(1.05)	1.30	(1.08)	14.82
GAAKX	0.34	0.14	0.30	1.24	0.00	(0.48)	0.91	(0.43)	3.02

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