Pgim Jennison Correlations
| PGKRX Fund | USD 24.96 0.07 0.28% |
The current 90-days correlation between Pgim Jennison Technology and Fidelity Advisor Financial is 0.55 (i.e., Very weak diversification). The correlation of Pgim 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.
Pgim Jennison Correlation With Market
Very weak diversification
The correlation between Pgim Jennison Technology and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pgim Jennison Technology and DJI in the same portfolio, assuming nothing else is changed.
Pgim |
Moving together with Pgim Mutual Fund
| 0.82 | VEEA | Veea Inc Symbol Change | PairCorr |
| 0.8 | VISL | Vislink Technologies Earnings Call This Week | PairCorr |
| 0.62 | DVLT | Datavault AI Symbol Change | PairCorr |
| 0.93 | FLYW | Flywire Corp | PairCorr |
| 0.87 | DBX | Dropbox | PairCorr |
| 0.81 | DLO | Dlocal | PairCorr |
| 0.73 | GIB | CGI Inc | PairCorr |
| 0.69 | OSS | One Stop Systems | PairCorr |
| 0.85 | SOS | SOS Limited | PairCorr |
| 0.9 | UIS | Unisys | PairCorr |
| 0.88 | XRX | Xerox Corp | PairCorr |
| 0.92 | XYZ | Block, Inc Symbol Change | PairCorr |
| 0.93 | GLOB | Globant SA | PairCorr |
| 0.71 | YAAS | Youxin Technology | PairCorr |
Moving against Pgim Mutual Fund
| 0.64 | EMKR | EMCORE | PairCorr |
| 0.61 | SWI | SolarWinds Corp | PairCorr |
| 0.39 | HCP | Hashicorp | PairCorr |
| 0.64 | INFN | Infinera | PairCorr |
| 0.33 | XBP | XBP Europe Holdings | PairCorr |
| 0.31 | VSSYW | Versus Systems | PairCorr |
Related Correlations Analysis
| 0.09 | -0.18 | 0.92 | 0.0 | 0.0 | FAFSX | ||
| 0.09 | 0.62 | 0.28 | 0.0 | 0.0 | SWGXX | ||
| -0.18 | 0.62 | 0.13 | 0.0 | 0.0 | QCMMIX | ||
| 0.92 | 0.28 | 0.13 | 0.0 | 0.0 | SBFAX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | JHMXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | JRSXX | ||
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Pgim Mutual Fund performing well and Pgim 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 Pgim 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FAFSX | 0.90 | (0.06) | 0.00 | (0.05) | 0.00 | 1.71 | 6.26 | |||
| SWGXX | 0.03 | 0.01 | 0.00 | (2.95) | 0.00 | 0.00 | 1.01 | |||
| QCMMIX | 0.02 | 0.01 | 0.00 | (5.15) | 0.00 | 0.03 | 0.03 | |||
| SBFAX | 0.77 | 0.00 | 0.00 | 0.00 | 1.15 | 1.69 | 5.22 | |||
| JHMXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| JRSXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |