Prudential Real Correlations

PUDCX Fund

USD 9.61 0.01 0.10%

The current 90-days correlation between Prudential Real Assets and Global Technology Portfolio is -0.25 (i.e., Very good diversification). The correlation of Prudential Real 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 Real Correlation With Market

Good diversification

The correlation between Prudential Real Assets and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Prudential Real Assets 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 Real Assets. 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 main economic indicators.

Moving together with Prudential Mutual Fund

0.7	PWJZX	Prudential Jennison	Pair Corr
0.75	PWJAX	Prudential Jennison	Pair Corr
0.69	PWJCX	Prudential Jennison	Pair Corr
0.91	HYSZX	Prudential Short Duration	Pair Corr
0.84	HYSAX	Prudential Short Duration	Pair Corr
0.83	HYSCX	Prudential Short Duration	Pair Corr
0.61	EMDZX	Prudential Emerging	Pair Corr
0.82	PGFCX	Pgim Conservative	Pair Corr
0.8	FRFZX	Prudential Floating Rate	Pair Corr
0.67	PGOAX	Prudential Jennison Small	Pair Corr
0.63	PGTOX	Prudential Global Total	Pair Corr
0.77	PHEZX	Prudential Global Total	Pair Corr
0.82	PHYZX	Prudential High Yield	Pair Corr

Related Correlations Analysis

	JGLTX	TEPIX	PGKCX	DTEYX	NWHOX	CMTFX
JGLTX		1.0	0.89	0.99	0.9	0.89	JGLTX
TEPIX	1.0		0.89	0.99	0.9	0.9	TEPIX
PGKCX	0.89	0.89		0.89	1.0	1.0	PGKCX
DTEYX	0.99	0.99	0.89		0.9	0.89	DTEYX
NWHOX	0.9	0.9	1.0	0.9		1.0	NWHOX
CMTFX	0.89	0.9	1.0	0.89	1.0		CMTFX
	JGLTX	TEPIX	PGKCX	DTEYX	NWHOX	CMTFX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Prudential Mutual Fund performing well and Prudential Real 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 Real'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
JGLTX	0.69	0.21	0.19	0.53	0.00	(0.86)	1.98	(0.92)	5.81
TEPIX	1.11	0.28	0.27	0.49	0.56	(1.42)	2.71	(1.43)	9.62
PGKCX	0.81	0.38	0.11	(1.55)	0.41	(1.01)	2.21	(1.18)	6.58
DTEYX	0.80	0.17	0.15	0.46	0.22	(0.96)	2.23	(1.13)	6.30
NWHOX	0.80	0.37	0.09	(1.25)	0.39	(0.94)	2.23	(1.25)	6.71
CMTFX	0.78	0.41	0.18	(1.89)	0.17	(0.97)	2.22	(1.17)	6.59

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC

Prudential Real Correlations

Prudential Real Correlation With Market

Good diversification

Moving together with Prudential Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY