Prudential Financial Correlations

PRU Stock  USD 127.89  1.63  1.29%   
The current 90-days correlation between Prudential Financial and Morningstar Unconstrained Allocation is 0.55 (i.e., Very weak 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

Poor diversification

The correlation between Prudential Financial and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Prudential Financial 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. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For more information on how to buy Prudential Stock please use our How to Invest in Prudential Financial guide.

Moving together with Prudential Stock

  0.69FG FG Annuities LifePairCorr
  0.85GL Globe LifePairCorr
  0.86BHF Brighthouse FinancialPairCorr
  0.8CIA CitizensPairCorr
  0.77CNO CNO Financial GroupPairCorr
  0.75GNW Genworth FinancialPairCorr
  0.85LNC Lincoln NationalPairCorr
  0.87MET MetLifePairCorr
  0.83MFC Manulife Financial CorpPairCorr
  0.68GWLIF Great West LifecoPairCorr
  0.84PRI PrimericaPairCorr
  0.83UNM Unum GroupPairCorr
  0.7JXN-PA Jackson FinancialPairCorr
  0.67ANG-PB American NationalPairCorr
  0.66ANG-PA American NationalPairCorr
  0.79C Citigroup Aggressive PushPairCorr
  0.61L Loews CorpPairCorr

Moving against Prudential Stock

  0.64ABL Abacus LifePairCorr
  0.49FLFG Federal Life GroupPairCorr
  0.63KCLI Kansas City LifePairCorr
  0.53AVVIY Aviva PLC ADRPairCorr
  0.43AXAHY Axa SA ADRPairCorr
  0.4BHFAO Brighthouse FinancialPairCorr
  0.33CSLI Critical SolutionsPairCorr

Related Correlations Analysis

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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   
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High negative correlations   
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Risk-Adjusted Indicators

There is a big difference between Prudential Stock performing well and Prudential Financial Company 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.