Prudential PLC Correlations

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USD 21.45 0.20 0.94%

The current 90-days correlation between Prudential PLC ADR and MetLife Preferred Stock is 0.2 (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

Very weak diversification

The correlation between Prudential PLC ADR and DJI is 0.4 (i.e., Very weak 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

0.8	GL	Globe Life	Pair Corr
0.69	AFL	Aflac Incorporated	Pair Corr
0.76	CNO	CNO Financial Group	Pair Corr
0.73	LNC	Lincoln National	Pair Corr
0.85	UNM	Unum Group	Pair Corr
0.85	ABLLW	Abacus Life	Pair Corr
0.72	GL-PD	Globe Life 425	Pair Corr
0.8	CNO-PA	CNO Financial Group	Pair Corr
0.82	ANG-PB	American National	Pair Corr
0.64	V	Visa Class A	Pair Corr

Moving against Prudential Stock

0.68	PRU	Prudential Financial	Pair Corr
0.34	FG	FG Annuities Life	Pair Corr
0.56	BHFAN	Brighthouse Financial	Pair Corr
0.5	DHIL	Diamond Hill Investment	Pair Corr
0.46	BHFAP	Brighthouse Financial	Pair Corr
0.34	BHFAM	Brighthouse Financial	Pair Corr
0.86	LC	LendingClub Corp	Pair Corr
0.83	CM	Canadian Imperial Bank	Pair Corr
0.8	BX	Blackstone Group	Pair Corr
0.72	AX	Axos Financial	Pair Corr

Related Correlations Analysis

	AEL	CNO	JXN	NWLI	MET-PE	JXN-PA	MET-PF	BHFAP	BHFAO	BHFAM
AEL		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	AEL
CNO	0.0		0.17	0.0	0.75	0.12	0.57	-0.42	-0.35	-0.51	CNO
JXN	0.0	0.17		0.0	0.17	0.58	0.39	0.35	0.11	-0.03	JXN
NWLI	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	NWLI
MET-PE	0.0	0.75	0.17	0.0		0.35	0.86	-0.11	-0.06	-0.22	MET-PE
JXN-PA	0.0	0.12	0.58	0.0	0.35		0.37	0.32	0.19	0.06	JXN-PA
MET-PF	0.0	0.57	0.39	0.0	0.86	0.37		0.11	0.08	-0.05	MET-PF
BHFAP	0.0	-0.42	0.35	0.0	-0.11	0.32	0.11		0.9	0.82	BHFAP
BHFAO	0.0	-0.35	0.11	0.0	-0.06	0.19	0.08	0.9		0.8	BHFAO
BHFAM	0.0	-0.51	-0.03	0.0	-0.22	0.06	-0.05	0.82	0.8		BHFAM
	AEL	CNO	JXN	NWLI	MET-PE	JXN-PA	MET-PF	BHFAP	BHFAO	BHFAM

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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

BHFAO	+ 0.9	BHFAP
MET-PF	+ 0.86	MET-PE
BHFAM	+ 0.82	BHFAP
BHFAM	+ 0.8	BHFAO
MET-PE	+ 0.75	CNO
JXN-PA	+ 0.58	JXN

High negative correlations

BHFAM	- 0.51	CNO
BHFAP	- 0.42	CNO
BHFAO	- 0.35	CNO
BHFAM	- 0.22	MET-PE
BHFAP	- 0.11	MET-PE
BHFAO	- 0.06	MET-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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
AEL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CNO	1.14	0.19	0.11	0.16	1.46	(1.18)	2.98	(2.56)	6.76
JXN	1.95	0.00	0.00	0.01	3.51	(1.55)	3.86	(4.73)	12.81
NWLI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MET-PE	0.58	0.01	0.01	0.03	0.70	(0.73)	1.35	(1.07)	4.99
JXN-PA	0.44	(0.03)	0.00	(0.14)	0.00	0.00	1.08	(1.04)	3.48
MET-PF	0.73	0.00	(0.01)	(0.02)	0.79	(0.90)	1.62	(1.41)	4.72
BHFAP	0.90	(0.07)	0.00	(0.16)	0.00	0.00	1.67	(2.35)	6.10
BHFAO	1.11	(0.09)	0.00	(0.15)	0.00	0.00	2.69	(2.43)	7.69
BHFAM	1.26	(0.06)	0.00	(0.12)	0.00	0.00	2.40	(3.32)	9.75

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