Prudential PLC Correlations

PUK Stock  USD 20.67  0.04  0.19%   
The current 90-days correlation between Prudential PLC ADR and MetLife Preferred Stock is 0.26 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Prudential PLC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Prudential PLC ADR moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Prudential PLC Correlation With Market

Good diversification

The correlation between Prudential PLC ADR and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Prudential PLC ADR 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 PLC ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

Moving together with Prudential Stock

  0.7GL Globe LifePairCorr
  0.64AFL Aflac IncorporatedPairCorr
  0.73CNO CNO Financial GroupPairCorr
  0.74LNC Lincoln NationalPairCorr
  0.78UNM Unum GroupPairCorr
  0.65GL-PD Globe Life 425PairCorr
  0.81CNO-PA CNO Financial GroupPairCorr
  0.77ANG-PB American NationalPairCorr
  0.65V Visa Class APairCorr

Moving against Prudential Stock

  0.73PRU Prudential FinancialPairCorr
  0.34GNW Genworth FinancialPairCorr
  0.55BHFAN Brighthouse FinancialPairCorr
  0.52BHFAP Brighthouse FinancialPairCorr
  0.4DHIL Diamond Hill InvestmentPairCorr
  0.35BHFAM Brighthouse FinancialPairCorr
  0.31BHFAO Brighthouse FinancialPairCorr
  0.85LC LendingClub Corp Sell-off TrendPairCorr
  0.8CM Canadian Imperial BankPairCorr
  0.78BX Blackstone Group Normal TradingPairCorr
  0.76KB KB Financial GroupPairCorr

Related Correlations Analysis

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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   
BHFAOBHFAP
MET-PFMET-PE
BHFAMBHFAP
BHFAMBHFAO
MET-PECNO
MET-PFCNO
  
High negative correlations   
BHFAMCNO
BHFAPCNO
BHFAOCNO
BHFAMMET-PE
BHFAPMET-PE
BHFAOMET-PE

Risk-Adjusted Indicators

There is a big difference between Prudential Stock performing well and Prudential PLC Company 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 PLC'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
AEL  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
CNO  1.14  0.12  0.12 (1.10) 1.55 
 2.63 
 6.76 
JXN  1.96 (0.06) 0.00 (0.48) 0.00 
 3.86 
 12.81 
NWLI  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
MET-PE  0.58  0.03  0.12  0.05  0.71 
 1.35 
 4.99 
JXN-PA  0.45 (0.02) 0.00 (0.20) 0.00 
 1.08 
 3.48 
MET-PF  0.75  0.01  0.07 (0.04) 0.83 
 1.62 
 4.72 
BHFAP  0.91 (0.07) 0.00 (0.29) 0.00 
 1.67 
 6.10 
BHFAO  1.11 (0.08) 0.00 (0.26) 0.00 
 2.69 
 7.69 
BHFAM  1.23 (0.05) 0.00 (0.21) 0.00 
 2.40 
 9.75