Prudential Financial Correlations

PSSRX Fund

USD 26.18 0.01 0.04%

The current 90-days correlation between Prudential Financial and Vanguard Financials Index is 0.98 (i.e., Almost no 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 metropolitan statistical area.

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	PFRIX	Prudential Floating Rate	Pair Corr
1.0	PFSQX	Prudential Jennison	Pair Corr
0.67	PGJQX	Prudential Jennison	Pair Corr
0.84	PGKCX	Pgim Jennison Technology	Pair Corr
0.84	PGKAX	Pgim Jennison Technology	Pair Corr
0.84	PGKRX	Pgim Jennison Technology	Pair Corr
0.85	SCFQX	Pgim Securitized Credit	Pair Corr
0.85	SCFOX	Pgim Securitized Credit	Pair Corr
0.85	SCFVX	Pgim Securitized Credit	Pair Corr
0.95	SUVQX	Prudential Qma Strategic	Pair Corr
0.69	PIBQX	Prudential Balanced	Pair Corr
0.97	JSCRX	Prudential Jennison Small	Pair Corr
0.93	SDVRX	Prudential Qma Mid	Pair Corr
0.79	PJDQX	Pgim Jennison Rising	Pair Corr
0.91	PJFQX	Prudential Jennison	Pair Corr
0.91	PJFOX	Prudential Jennison	Pair Corr
0.91	PJGRX	Prudential Jennison	Pair Corr
0.96	PJGQX	Prudential Jennison Mid	Pair Corr
0.97	PJORX	Prudential Jennison	Pair Corr

Moving against PRUDENTIAL Mutual Fund

0.85	PGTQX	Prudential Global Total	Pair Corr
0.85	PGTSX	Prudential Global Total	Pair Corr
0.78	PGIQX	Prudential Government	Pair Corr
0.75	EMDQX	Prudential Emerging	Pair Corr
0.52	PWJRX	Prudential Jennison	Pair Corr
0.52	PWJBX	Pgim Jennison Intern	Pair Corr
0.51	PWJQX	Prudential Jennison	Pair Corr
0.51	PWJDX	Pgim Jennison Intern	Pair Corr
0.51	PHEQX	Prudential Global Total	Pair Corr
0.5	PGRQX	Prudential Global Real	Pair Corr
0.67	PJHRX	Prudential Health	Pair Corr
0.66	PHLQX	Prudential Health	Pair Corr
0.55	PIFEX	Prudential Short Term	Pair Corr
0.52	PJERX	Prudential Jennison	Pair Corr
0.51	PIFGX	Prudential Short Term	Pair Corr
0.49	PJIQX	Prudential Jennison	Pair Corr

Related Correlations Analysis

	VFAIX	FRBCX	JRGRX	PRISX	FIDCX	JFDRX	TFIFX	DVFYX	RPFGX	DFFCX
VFAIX		0.98	0.98	1.0	1.0	1.0	1.0	0.99	0.99	0.99	VFAIX
FRBCX	0.98		1.0	0.97	0.98	0.98	0.97	0.97	0.97	0.97	FRBCX
JRGRX	0.98	1.0		0.97	0.98	0.98	0.97	0.97	0.97	0.97	JRGRX
PRISX	1.0	0.97	0.97		1.0	1.0	1.0	1.0	1.0	1.0	PRISX
FIDCX	1.0	0.98	0.98	1.0		1.0	1.0	1.0	1.0	1.0	FIDCX
JFDRX	1.0	0.98	0.98	1.0	1.0		1.0	1.0	1.0	1.0	JFDRX
TFIFX	1.0	0.97	0.97	1.0	1.0	1.0		1.0	1.0	1.0	TFIFX
DVFYX	0.99	0.97	0.97	1.0	1.0	1.0	1.0		1.0	1.0	DVFYX
RPFGX	0.99	0.97	0.97	1.0	1.0	1.0	1.0	1.0		1.0	RPFGX
DFFCX	0.99	0.97	0.97	1.0	1.0	1.0	1.0	1.0	1.0		DFFCX
	VFAIX	FRBCX	JRGRX	PRISX	FIDCX	JFDRX	TFIFX	DVFYX	RPFGX	DFFCX

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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
VFAIX	0.78	0.06	0.12	0.17	0.51	(0.93)	1.77	(1.22)	8.51
FRBCX	1.24	(0.01)	0.10	0.12	1.08	(1.57)	2.74	(1.92)	15.70
JRGRX	1.24	0.00	0.10	0.13	1.08	(1.58)	2.76	(1.85)	15.70
PRISX	0.80	0.06	0.13	0.18	0.52	(0.99)	1.68	(1.29)	8.41
FIDCX	0.86	0.06	0.14	0.17	0.56	(1.01)	1.89	(1.29)	9.68
JFDRX	0.86	0.06	0.14	0.17	0.55	(0.99)	1.87	(1.30)	9.71
TFIFX	0.80	0.06	0.13	0.18	0.53	(0.96)	1.68	(1.29)	8.41
DVFYX	0.80	0.04	0.10	0.16	0.51	(0.97)	1.85	(1.39)	7.57
RPFGX	0.80	0.04	0.10	0.16	0.51	(1.00)	1.85	(1.40)	7.59
DFFCX	0.80	0.04	0.09	0.16	0.52	(1.00)	1.86	(1.40)	7.58

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