Prudential Global Correlations

PGTOX Fund

USD 5.41 0.02 0.37%

The current 90-days correlation between Prudential Global Total and Tfa Tactical Income is 0.03 (i.e., Significant diversification). The correlation of Prudential Global 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 Global Correlation With Market

Significant diversification

The correlation between Prudential Global Total and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Prudential Global Total 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 Global Total. 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 persons.

Moving together with Prudential Mutual Fund

0.64	FGBRX	Templeton Global Bond	Pair Corr
0.64	FBNRX	Templeton Global Bond	Pair Corr
0.79	RCWBX	Capital World Bond	Pair Corr
0.82	CCWFX	Capital World Bond	Pair Corr
0.82	CCWCX	Capital World Bond	Pair Corr
0.82	RCWEX	Capital World Bond	Pair Corr
0.79	CCWEX	Capital World Bond	Pair Corr
0.79	RCWCX	Capital World Bond	Pair Corr
0.79	RCWGX	Capital World Bond	Pair Corr
0.79	RCWFX	Capital World Bond	Pair Corr
0.68	KF	Korea Closed	Pair Corr

Moving against Prudential Mutual Fund

0.65

HPQ

HP Inc

Pair Corr

Related Correlations Analysis

	TFAZX	KMVAX	JAAIX	RBERX	REMVX	SMPIX	FEMDX
TFAZX		0.95	0.95	0.95	0.96	0.96	0.96	TFAZX
KMVAX	0.95		0.98	0.92	0.98	0.97	0.97	KMVAX
JAAIX	0.95	0.98		0.94	0.98	0.97	0.98	JAAIX
RBERX	0.95	0.92	0.94		0.94	0.96	0.97	RBERX
REMVX	0.96	0.98	0.98	0.94		0.98	0.98	REMVX
SMPIX	0.96	0.97	0.97	0.96	0.98		0.98	SMPIX
FEMDX	0.96	0.97	0.98	0.97	0.98	0.98		FEMDX
	TFAZX	KMVAX	JAAIX	RBERX	REMVX	SMPIX	FEMDX

Click cells to compare fundamentals

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Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Prudential Mutual Fund performing well and Prudential Global 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 Global'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
TFAZX	0.16	0.06	(0.76)	(2.22)	0.00	(0.23)	0.36	(0.24)	0.86
KMVAX	0.66	0.37	0.13	(1.41)	0.30	(0.76)	2.23	(0.96)	4.59
JAAIX	0.12	0.07	(0.75)	(2.29)	0.00	(0.18)	0.37	(0.19)	0.89
RBERX	0.21	0.04	(0.53)	0.52	0.00	(0.28)	0.48	(0.35)	1.34
REMVX	0.57	0.33	0.17	(4.59)	0.00	(0.84)	1.76	(0.87)	4.92
SMPIX	2.10	0.75	0.40	0.67	1.37	(2.60)	5.81	(3.47)	12.76
FEMDX	0.18	0.11	(0.56)	(2.26)	0.00	(0.26)	0.52	(0.17)	1.13

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