Prudential Core Correlations

TPCRX Fund

USD 8.72 0.05 0.58%

The current 90-days correlation between Prudential E Bond and Washington Mutual Investors is 0.3 (i.e., Weak diversification). The correlation of Prudential Core 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 Core Correlation With Market

Average diversification

The correlation between Prudential E Bond and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Prudential E Bond and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Prudential E Bond. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Prudential Mutual Fund

0.73	EMDQX	Prudential Emerging	Pair Corr
0.71	PFSQX	Prudential Jennison	Pair Corr
0.61	PGJQX	Prudential Jennison	Pair Corr
0.99	PGIQX	Prudential Government	Pair Corr
0.76	PGRQX	Prudential Global Real	Pair Corr
0.97	PGTQX	Prudential Global Total	Pair Corr
0.96	PGTSX	Prudential Global Total	Pair Corr
0.93	PHEQX	Prudential Global Total	Pair Corr
0.94	PHIQX	Prudential Muni High	Pair Corr
0.63	PHLQX	Prudential Health	Pair Corr
0.64	SUVQX	Prudential Qma Strategic	Pair Corr
0.69	PIBQX	Prudential Balanced	Pair Corr
0.62	PIFEX	Prudential Short Term	Pair Corr
0.65	SDVRX	Prudential Qma Mid	Pair Corr
0.65	PJDQX	Pgim Jennison Rising	Pair Corr
0.72	PJEQX	Prudential Real Estate	Pair Corr
0.82	PJERX	Prudential Jennison	Pair Corr
0.82	PJIQX	Prudential Jennison	Pair Corr

Related Correlations Analysis

	WMFFX	TRLGX	RHSAX	KCGSX	FMTIX	GGRYX	JAAIX	CMACX
WMFFX		0.78	0.73	0.58	0.85	0.87	0.49	0.93	WMFFX
TRLGX	0.78		0.71	0.59	0.67	0.64	0.16	0.83	TRLGX
RHSAX	0.73	0.71		0.66	0.67	0.64	0.31	0.76	RHSAX
KCGSX	0.58	0.59	0.66		0.74	0.65	0.53	0.7	KCGSX
FMTIX	0.85	0.67	0.67	0.74		0.98	0.79	0.93	FMTIX
GGRYX	0.87	0.64	0.64	0.65	0.98		0.78	0.92	GGRYX
JAAIX	0.49	0.16	0.31	0.53	0.79	0.78		0.55	JAAIX
CMACX	0.93	0.83	0.76	0.7	0.93	0.92	0.55		CMACX
	WMFFX	TRLGX	RHSAX	KCGSX	FMTIX	GGRYX	JAAIX	CMACX

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Risk-Adjusted Indicators

There is a big difference between Prudential Mutual Fund performing well and Prudential Core 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 Core'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
WMFFX	0.61	(0.02)	0.00	(0.04)	0.00	0.00	1.10	(1.25)	5.83
TRLGX	0.80	(0.06)	0.00	(0.10)	0.00	0.00	1.48	(1.76)	5.47
RHSAX	1.05	(0.03)	0.00	0.14	0.00	0.00	2.02	(3.02)	6.50
KCGSX	0.76	(0.01)	0.00	(0.02)	0.00	0.00	1.31	(1.60)	5.19
FMTIX	0.37	0.02	0.02	0.05	0.54	(0.37)	0.70	(0.68)	2.55
GGRYX	0.41	0.01	0.02	0.04	0.57	(0.43)	0.71	(0.61)	2.78
JAAIX	0.15	0.02	0.06	0.19	0.04	(0.21)	0.31	(0.25)	1.13
CMACX	0.37	0.00	0.00	0.01	0.59	(0.36)	0.67	(0.76)	2.68

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Prudential Core Correlations

Prudential Core Correlation With Market

Average diversification

Moving together with Prudential Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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