Prudential Global Correlations
| PGRQX Fund | USD 19.51 0.09 0.46% |
The current 90-days correlation between Prudential Global Real and Cohen Steers Real is 0.96 (i.e., Almost no 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
Very weak diversification
The correlation between Prudential Global Real and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Prudential Global Real and DJI in the same portfolio, assuming nothing else is changed.
Prudential |
Moving together with Prudential Mutual Fund
| 0.84 | PWJQX | Prudential Jennison | PairCorr |
| 0.84 | PWJRX | Prudential Jennison | PairCorr |
| 0.84 | PWJBX | Pgim Jennison Intern | PairCorr |
| 0.84 | PWJDX | Pgim Jennison Intern | PairCorr |
| 0.63 | HYSQX | Prudential Short Duration | PairCorr |
| 0.62 | PFRIX | Prudential Floating Rate | PairCorr |
| 0.61 | PFSQX | Prudential Jennison | PairCorr |
| 0.65 | PHEQX | Prudential Global Total | PairCorr |
| 0.8 | PHIQX | Prudential Muni High | PairCorr |
| 0.69 | PHYGX | Pgim High Yield | PairCorr |
| 0.65 | PHYQX | Prudential High Yield | PairCorr |
| 0.7 | SUVQX | Prudential Qma Strategic | PairCorr |
| 0.97 | PJEQX | Prudential Real Estate | PairCorr |
| 0.81 | PJERX | Prudential Jennison | PairCorr |
| 0.81 | PJIQX | Prudential Jennison | PairCorr |
Related Correlations Analysis
| 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 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CREFX | 0.92 | 0.02 | 0.02 | (0.01) | 1.28 | 1.59 | 4.82 | |||
| ZRPTUX | 0.06 | 0.00 | 0.10 | (0.30) | 0.09 | 0.15 | 0.98 | |||
| PAREX | 0.93 | 0.01 | 0.00 | (0.02) | 0.00 | 1.65 | 4.47 | |||
| DFREX | 0.90 | (0.06) | 0.00 | 0.17 | 0.00 | 1.65 | 4.48 | |||
| MRESX | 0.92 | 0.00 | 0.00 | (0.04) | 0.00 | 1.67 | 4.48 | |||
| FREEX | 1.01 | (0.12) | 0.00 | (0.24) | 0.00 | 1.62 | 7.05 | |||
| CREMX | 0.02 | 0.02 | 0.00 | 7.71 | 0.00 | 0.08 | 0.08 |