Prudential Jennison Correlations
| PGJAX Fund | USD 18.18 0.11 0.60% |
The current 90-days correlation between Prudential Jennison and Prudential Jennison Mlp is 0.3 (i.e., Weak 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 |
Moving together with Prudential Mutual Fund
Moving against Prudential Mutual Fund
Related Correlations Analysis
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PRPZX | 0.55 | 0.06 | (0.07) | (0.27) | 0.72 | 1.28 | 4.15 | |||
| PHSZX | 0.83 | (0.03) | (0.03) | 0.07 | 0.96 | 1.82 | 4.43 | |||
| PURZX | 0.55 | (0.02) | (0.07) | 0.08 | 0.68 | 1.29 | 3.19 | |||
| PRUZX | 0.62 | 0.10 | 0.04 | 0.40 | 0.51 | 1.64 | 3.89 | |||
| PDCZX | 0.24 | 0.04 | (0.12) | 0.22 | 0.00 | 0.67 | 1.29 |