Pgim Securitized Correlations

SCFOX Fund

USD 9.77 0.00 0.00%

The current 90-days correlation between Pgim Securitized Credit and Tax Managed Large Cap is -0.12 (i.e., Good diversification). The correlation of Pgim Securitized 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 Securitized Correlation With Market

Good diversification

The correlation between Pgim Securitized Credit and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pgim Securitized Credit and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Pgim Securitized Credit. 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 persons.

Moving together with Pgim Mutual Fund

0.75	HYSQX	Prudential Short Duration	Pair Corr
0.98	PFRIX	Prudential Floating Rate	Pair Corr
1.0	SCFQX	Pgim Securitized Credit	Pair Corr
1.0	SCFZX	Pgim Securitized Credit	Pair Corr
1.0	SCFVX	Pgim Securitized Credit	Pair Corr
0.73	PHYGX	Pgim High Yield	Pair Corr
0.75	PHYQX	Prudential High Yield	Pair Corr
0.67	PIFGX	Prudential Short Term	Pair Corr
0.95	SDMQX	Prudential Short Duration	Pair Corr

Moving against Pgim Mutual Fund

0.79	PGRQX	Prudential Global Real	Pair Corr
0.78	PHLQX	Prudential Health	Pair Corr
0.71	SUVQX	Prudential Qma Strategic	Pair Corr
0.66	PGTSX	Prudential Global Total	Pair Corr
0.65	PGTQX	Prudential Global Total	Pair Corr
0.62	PIBQX	Prudential Balanced	Pair Corr
0.61	PGJQX	Prudential Jennison	Pair Corr
0.56	EMDQX	Prudential Emerging	Pair Corr
0.38	PFSQX	Prudential Jennison	Pair Corr
0.35	PGIQX	Prudential Government	Pair Corr
0.8	PJHRX	Prudential Health	Pair Corr
0.71	PJDQX	Pgim Jennison Rising	Pair Corr
0.71	PJGRX	Prudential Jennison	Pair Corr
0.7	PJERX	Prudential Jennison	Pair Corr
0.69	PJEQX	Prudential Real Estate	Pair Corr
0.69	PJORX	Prudential Jennison	Pair Corr
0.67	PJIQX	Prudential Jennison	Pair Corr
0.67	JDURX	Prudential Utility	Pair Corr
0.63	PJOQX	Prudential Jennison	Pair Corr
0.59	JDVRX	Prudential Jennison Value	Pair Corr

Related Correlations Analysis

	RETSX	LMTIX	TFCCX	VAAGX	FCLKX	LMUSX
RETSX		0.82	0.53	0.52	0.81	0.82	RETSX
LMTIX	0.82		0.73	0.7	0.86	1.0	LMTIX
TFCCX	0.53	0.73		0.97	0.55	0.73	TFCCX
VAAGX	0.52	0.7	0.97		0.54	0.7	VAAGX
FCLKX	0.81	0.86	0.55	0.54		0.86	FCLKX
LMUSX	0.82	1.0	0.73	0.7	0.86		LMUSX
	RETSX	LMTIX	TFCCX	VAAGX	FCLKX	LMUSX

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Risk-Adjusted Indicators

There is a big difference between Pgim Mutual Fund performing well and Pgim Securitized 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 Securitized'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
RETSX	0.58	0.04	(0.04)	1.01	0.80	(0.60)	1.19	(1.46)	5.40
LMTIX	0.74	0.00	(0.02)	0.08	1.19	(0.71)	1.28	(1.56)	6.23
TFCCX	0.54	(0.02)	0.00	(0.16)	0.00	0.00	0.94	(0.99)	5.58
VAAGX	0.62	(0.04)	0.00	(0.31)	0.00	0.00	1.14	(1.22)	5.45
FCLKX	0.57	0.03	(0.02)	0.15	0.77	(0.62)	1.16	(1.21)	5.36
LMUSX	0.74	0.00	(0.02)	0.08	1.19	(0.70)	1.27	(1.59)	6.30

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