Prudential Jennison Correlations

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The current 90-days correlation between Prudential Jennison and American Funds The is 0.96 (i.e., Almost no 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

Poor diversification

The correlation between Prudential Jennison Servative and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Prudential Jennison Servative 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 Prudential Jennison Servative. 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 nation.

Moving together with Prudential Mutual Fund

0.63	HYSZX	Prudential Short Duration	Pair Corr
0.86	PFSZX	Prudential Financial	Pair Corr
0.86	PFSAX	Prudential Financial	Pair Corr
0.7	PGAQX	Pgim Esg High	Pair Corr
0.66	PGAUX	Pgim Esg High	Pair Corr
0.7	PGAVX	Pgim Esg High	Pair Corr
0.7	PGJAX	Prudential Jennison	Pair Corr
0.69	PGJCX	Prudential Jennison	Pair Corr
0.71	PGJZX	Prudential Jennison	Pair Corr
0.82	FRFZX	Prudential Floating Rate	Pair Corr
0.82	FRFAX	Prudential Floating Rate	Pair Corr
0.83	FRFCX	Prudential Floating Rate	Pair Corr
0.98	PGKZX	Pgim Jennison Technology	Pair Corr
0.9	PGOAX	Prudential Jennison Small	Pair Corr
0.71	PGNAX	Jennison Natural Res	Pair Corr

Moving against Prudential Mutual Fund

0.51	EMDCX	Prudential Emerging	Pair Corr
0.51	EMDAX	Prudential Emerging	Pair Corr
0.48	EMDZX	Prudential Emerging	Pair Corr
0.72	PGVZX	Prudential Government	Pair Corr
0.72	PGVAX	Prudential Government	Pair Corr
0.7	PGTOX	Prudential Global Total	Pair Corr
0.7	PZTRX	Prudential Global Total	Pair Corr
0.62	PHLCX	Prudential Health	Pair Corr
0.61	PHLAX	Prudential Health	Pair Corr
0.61	PHSZX	Prudential Health	Pair Corr
0.58	TGMBX	Prudential Porate Bond	Pair Corr
0.54	PHECX	Prudential Global Total	Pair Corr
0.5	PHEAX	Prudential Global Total	Pair Corr
0.45	PIFCX	Prudential Short Term	Pair Corr
0.34	PIFZX	Prudential Short Term	Pair Corr

Related Correlations Analysis

	FAFGX	FFAFX	GFACX	GFAFX	AGTHX	CGFFX	CGFCX	CGFAX	CGFEX	RGAEX
FAFGX		1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	FAFGX
FFAFX	1.0		1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	FFAFX
GFACX	1.0	1.0		1.0	1.0	1.0	1.0	1.0	1.0	1.0	GFACX
GFAFX	1.0	1.0	1.0		1.0	1.0	1.0	1.0	1.0	1.0	GFAFX
AGTHX	1.0	1.0	1.0	1.0		1.0	1.0	1.0	1.0	1.0	AGTHX
CGFFX	1.0	1.0	1.0	1.0	1.0		1.0	1.0	1.0	1.0	CGFFX
CGFCX	1.0	1.0	1.0	1.0	1.0	1.0		1.0	1.0	1.0	CGFCX
CGFAX	1.0	1.0	1.0	1.0	1.0	1.0	1.0		1.0	1.0	CGFAX
CGFEX	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0		1.0	CGFEX
RGAEX	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0		RGAEX
	FAFGX	FFAFX	GFACX	GFAFX	AGTHX	CGFFX	CGFCX	CGFAX	CGFEX	RGAEX

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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	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FAFGX	0.65	0.03	0.02	0.16	0.84	(0.67)	1.34	(1.65)	4.41
FFAFX	0.65	0.03	0.02	0.16	0.84	(0.67)	1.34	(1.65)	4.41
GFACX	0.65	0.02	0.02	0.15	0.85	(0.67)	1.33	(1.65)	4.41
GFAFX	0.65	0.03	0.02	0.16	0.84	(0.67)	1.34	(1.64)	4.42
AGTHX	0.65	0.03	0.02	0.16	0.84	(0.67)	1.34	(1.65)	4.40
CGFFX	0.65	0.03	0.02	0.16	0.84	(0.67)	1.34	(1.66)	4.41
CGFCX	0.65	0.02	0.02	0.15	0.85	(0.67)	1.34	(1.65)	4.41
CGFAX	0.65	0.03	0.02	0.16	0.84	(0.67)	1.35	(1.65)	4.40
CGFEX	0.65	0.03	0.02	0.15	0.84	(0.67)	1.34	(1.65)	4.40
RGAEX	0.65	0.03	0.02	0.16	0.84	(0.67)	1.34	(1.66)	4.39

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