| PRS Stock | | | USD 24.07 0.01 0.04% |
The current 90-days correlation between Prudential Financial and Duke Energy is 0.28 (i.e., Modest 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
Weak diversification
The correlation between Prudential Financial and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Prudential Financial and DJI in the same portfolio, assuming nothing else is changed.
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