Prudential Jennison Correlations

JSCRX Fund

USD 21.28 0.02 0.09%

The current 90-days correlation between Prudential Jennison Small and Vanguard Institutional Short Term is -0.1 (i.e., Good 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

Very poor diversification

The correlation between Prudential Jennison Small and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Prudential Jennison Small and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Prudential Jennison Small. 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 metropolitan statistical area.

Moving together with PRUDENTIAL Mutual Fund

0.82	PFRIX	Prudential Floating Rate	Pair Corr
0.96	PFSQX	Prudential Jennison	Pair Corr
0.69	PGJQX	Prudential Jennison	Pair Corr
0.86	PGKCX	Pgim Jennison Technology	Pair Corr
0.87	PGKAX	Pgim Jennison Technology	Pair Corr
0.87	PGKRX	Pgim Jennison Technology	Pair Corr
0.79	SCFQX	Pgim Securitized Credit	Pair Corr
0.8	SCFOX	Pgim Securitized Credit	Pair Corr
0.78	SCFZX	Pgim Securitized Credit	Pair Corr
0.8	SCFVX	Pgim Securitized Credit	Pair Corr
0.97	SUVQX	Prudential Qma Strategic	Pair Corr
0.79	PIBQX	Prudential Balanced	Pair Corr
0.97	SDVRX	Prudential Qma Mid	Pair Corr
0.85	PJDQX	Pgim Jennison Rising	Pair Corr
0.93	PJFPX	Prudential Jennison	Pair Corr
0.93	PJFOX	Prudential Jennison	Pair Corr
0.93	PJGRX	Prudential Jennison	Pair Corr

Moving against PRUDENTIAL Mutual Fund

0.75	PGTSX	Prudential Global Total	Pair Corr
0.74	PGTQX	Prudential Global Total	Pair Corr
0.7	PGIQX	Prudential Government	Pair Corr
0.6	PHLQX	Prudential Health	Pair Corr
0.59	EMDQX	Prudential Emerging	Pair Corr
0.41	PGRQX	Prudential Global Real	Pair Corr
0.41	PHEQX	Prudential Global Total	Pair Corr
0.37	PWJRX	Prudential Jennison	Pair Corr
0.37	PWJBX	Pgim Jennison Intern	Pair Corr
0.36	PWJDX	Pgim Jennison Intern	Pair Corr
0.35	PWJQX	Prudential Jennison	Pair Corr
0.7	JDRVX	Prudential Government	Pair Corr
0.6	PJHRX	Prudential Health	Pair Corr
0.43	JDTRX	Prudential Short Term	Pair Corr
0.42	PIFEX	Prudential Short Term	Pair Corr
0.4	PJERX	Prudential Jennison	Pair Corr
0.38	PIFGX	Prudential Short Term	Pair Corr
0.37	PJIQX	Prudential Jennison	Pair Corr
0.32	PJRQX	Prudential Qma Intl	Pair Corr

Related Correlations Analysis

	VISTX	BXDCX	SUSAX	JSNIX	TSDCX	PRMDX	GPPSX	FULIX
VISTX		0.6	0.17	0.84	0.06	0.53	0.05	0.2	VISTX
BXDCX	0.6		0.84	0.78	0.74	0.65	0.78	0.84	BXDCX
SUSAX	0.17	0.84		0.45	0.97	0.39	0.99	0.98	SUSAX
JSNIX	0.84	0.78	0.45		0.33	0.73	0.36	0.48	JSNIX
TSDCX	0.06	0.74	0.97	0.33		0.3	0.98	0.96	TSDCX
PRMDX	0.53	0.65	0.39	0.73	0.3		0.33	0.41	PRMDX
GPPSX	0.05	0.78	0.99	0.36	0.98	0.33		0.96	GPPSX
FULIX	0.2	0.84	0.98	0.48	0.96	0.41	0.96		FULIX
	VISTX	BXDCX	SUSAX	JSNIX	TSDCX	PRMDX	GPPSX	FULIX

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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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
VISTX	0.08	0.00	(0.93)	(0.02)	(0.10)	0.15	(0.15)	0.53
BXDCX	0.09	0.01	(0.81)	(0.43)	(0.16)	0.22	(0.11)	0.65
SUSAX	0.06	0.01	(1.02)	(0.63)	(0.15)	0.10	(0.10)	0.51
JSNIX	0.08	0.00	(0.85)	(0.19)	(0.17)	0.21	(0.11)	0.64
TSDCX	0.06	0.01	(0.93)	(0.52)	(0.17)	0.11	(0.11)	0.55
PRMDX	0.05	0.00	(0.46)	0.13	(0.20)	0.20	(0.19)	0.59
GPPSX	0.05	0.01	0.00	9.68	0.00	0.10	(0.10)	0.60
FULIX	0.05	0.01	(0.74)	(0.28)	(0.22)	0.11	(0.11)	0.65

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