Prudential Financial Correlations

PRH Stock

USD 26.02 0.39 1.52%

The current 90-days correlation between Prudential Financial 5950 and Reinsurance Group of is 0.52 (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.

Prudential Financial Correlation With Market

Average diversification

The correlation between Prudential Financial 5950 and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Prudential Financial 5950 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 5950. 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 detail on how to invest in Prudential Stock please use our How to Invest in Prudential Financial guide.

Moving together with Prudential Stock

0.68	MET-PE	MetLife Preferred Stock	Pair Corr
0.75	MET-PF	MetLife Preferred Stock	Pair Corr
0.7	FLFG	Federal Life Group	Pair Corr
0.61	ACGLO	Arch Capital Group	Pair Corr
0.66	GL-PD	Globe Life 425	Pair Corr
0.61	BHFAO	Brighthouse Financial	Pair Corr
0.62	BHFAN	Brighthouse Financial	Pair Corr
0.7	BHFAM	Brighthouse Financial	Pair Corr
0.63	CNO-PA	CNO Financial Group	Pair Corr

Moving against Prudential Stock

0.34	ESGRP	Enstar Group	Pair Corr
0.32	SPNT-PB	SiriusPoint	Pair Corr

Related Correlations Analysis

	RZB	TBB	MGR	ENO	ENJ
RZB		0.65	0.55	0.4	0.51	RZB
TBB	0.65		0.83	0.67	0.67	TBB
MGR	0.55	0.83		0.79	0.76	MGR
ENO	0.4	0.67	0.79		0.7	ENO
ENJ	0.51	0.67	0.76	0.7		ENJ
	RZB	TBB	MGR	ENO	ENJ

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
RZB	0.22	0.01	(0.35)	0.21	0.18	(0.25)	0.49	(0.36)	1.25
TBB	0.42	(0.02)	(0.23)	(0.05)	0.54	(0.42)	0.83	(0.92)	2.65
MGR	0.45	(0.01)	(0.18)	0.07	0.60	(0.46)	0.98	(1.13)	2.85
ENO	0.52	(0.09)	0.00	(0.17)	0.00	0.00	1.04	(1.28)	5.01
ENJ	0.91	0.00	(0.10)	0.12	1.02	(1.22)	2.29	(2.31)	7.28

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

2024 Macroaxis LLC