Prudential Jennison Correlations
PJIAX Fund | USD 17.23 1.45 0.77% |
The correlation of Prudential 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.
Prudential |
Moving together with Prudential Mutual Fund
0.96 | VVIAX | Vanguard Value Index | PairCorr |
0.99 | DOXGX | Dodge Cox Stock | PairCorr |
0.89 | AFMFX | American Mutual | PairCorr |
0.89 | FFMMX | American Funds American | PairCorr |
0.89 | FFFMX | American Funds American | PairCorr |
0.88 | AMRMX | American Mutual | PairCorr |
0.74 | AMFFX | American Mutual | PairCorr |
0.73 | AMFCX | American Mutual | PairCorr |
0.99 | DODGX | Dodge Stock Fund | PairCorr |
0.96 | VIVAX | Vanguard Value Index | PairCorr |
0.93 | LSHUX | Horizon Spin Off | PairCorr |
0.94 | KMKCX | Kinetics Market Oppo | PairCorr |
0.93 | WWNPX | Kinetics Paradigm | PairCorr |
0.94 | KSCYX | Kinetics Small Cap | PairCorr |
0.93 | KNPCX | Kinetics Paradigm | PairCorr |
0.93 | KNPAX | Kinetics Paradigm | PairCorr |
0.93 | KNPYX | Kinetics Paradigm | PairCorr |
0.94 | KSCOX | Kinetics Small Cap | PairCorr |
0.94 | KSOCX | Kinetics Small Cap | PairCorr |
0.72 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
0.66 | HPQ | HP Inc | PairCorr |
0.82 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
0.73 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
0.69 | HD | Home Depot | PairCorr |
0.88 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
0.88 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
0.86 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
0.65 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
Moving against Prudential Mutual Fund
0.73 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
0.42 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
Related Correlations Analysis
0.86 | 0.86 | -0.69 | 0.96 | PJFAX | ||
0.86 | 0.98 | -0.67 | 0.94 | PEEAX | ||
0.86 | 0.98 | -0.67 | 0.96 | PBEAX | ||
-0.69 | -0.67 | -0.67 | -0.71 | PGVAX | ||
0.96 | 0.94 | 0.96 | -0.71 | PSIFX | ||
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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 Prudential Mutual Fund performing well and Prudential 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 Prudential 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 | ||
---|---|---|---|---|---|---|---|---|---|---|
PJFAX | 0.82 | 0.04 | (0.02) | 0.27 | 2.05 | 1.72 | 12.10 | |||
PEEAX | 0.65 | 0.24 | 0.15 | 5.56 | 0.33 | 1.66 | 4.42 | |||
PBEAX | 0.45 | 0.12 | (0.02) | 10.21 | 0.11 | 1.09 | 3.27 | |||
PGVAX | 0.24 | (0.04) | 0.00 | (0.48) | 0.00 | 0.38 | 1.28 | |||
PSIFX | 0.53 | 0.08 | (0.03) | 0.69 | 0.84 | 1.08 | 6.44 |