Prudential Emerging Correlations

EMDCX Fund

USD 4.98 0.01 0.20%

The current 90-days correlation between Prudential Emerging and Hennessy Bp Energy is 0.18 (i.e., Average diversification). The correlation of Prudential Emerging 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 Emerging Correlation With Market

Weak diversification

The correlation between Prudential Emerging Markets and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Prudential Emerging Markets and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Prudential Emerging Markets. 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 private.

Moving together with Prudential Mutual Fund

0.64	PWJZX	Prudential Jennison	Pair Corr
0.64	PWJAX	Prudential Jennison	Pair Corr
0.62	PWJCX	Prudential Jennison	Pair Corr
0.71	HYSZX	Prudential Short Duration	Pair Corr
0.88	EMDAX	Prudential Emerging	Pair Corr
1.0	EMDZX	Prudential Emerging	Pair Corr
0.9	PGFCX	Pgim Conservative	Pair Corr
0.9	PGFEX	Pgim Enhanced Retirement	Pair Corr
0.83	PGKZX	Pgim Jennison Technology	Pair Corr
0.83	PGNAX	Jennison Natural Res	Pair Corr
0.82	PGTOX	Prudential Global Total	Pair Corr
0.88	PGVZX	Prudential Government	Pair Corr
0.89	PGVAX	Prudential Government	Pair Corr
0.87	PHECX	Prudential Global Total	Pair Corr
0.89	PHEAX	Prudential Global Total	Pair Corr
0.94	PHICX	Prudential Muni High	Pair Corr
0.94	PHIZX	Prudential Muni High	Pair Corr
0.75	PHLAX	Prudential Health Steady Growth	Pair Corr
0.76	PHLCX	Prudential Health Steady Growth	Pair Corr
0.76	PHSZX	Prudential Health Steady Growth	Pair Corr
0.79	PHYZX	Prudential High Yield	Pair Corr
0.73	PHYEX	Pgim High Yield	Pair Corr
0.82	PZTRX	Prudential Global Total	Pair Corr
0.9	PIBAX	Prudential Balanced	Pair Corr
0.85	SUVCX	Prudential Qma Strategic	Pair Corr
0.85	SUVAX	Prudential Qma Strategic	Pair Corr
0.88	PIFCX	Prudential Short Term	Pair Corr
0.88	PIFZX	Prudential Short Term	Pair Corr

Moving against Prudential Mutual Fund

0.38	PFSAX	Prudential Financial	Pair Corr
0.37	PFSZX	Prudential Financial	Pair Corr

Related Correlations Analysis

	HNRGX	IEFCX	ENPSX	DNLAX	PEO	FIKAX	CAEIX	PNRCX
HNRGX		0.9	0.76	0.81	0.66	0.89	0.7	0.74	HNRGX
IEFCX	0.9		0.93	0.64	0.88	0.92	0.38	0.43	IEFCX
ENPSX	0.76	0.93		0.62	0.94	0.92	0.14	0.31	ENPSX
DNLAX	0.81	0.64	0.62		0.52	0.8	0.68	0.89	DNLAX
PEO	0.66	0.88	0.94	0.52		0.84	0.02	0.16	PEO
FIKAX	0.89	0.92	0.92	0.8	0.84		0.45	0.59	FIKAX
CAEIX	0.7	0.38	0.14	0.68	0.02	0.45		0.88	CAEIX
PNRCX	0.74	0.43	0.31	0.89	0.16	0.59	0.88		PNRCX
	HNRGX	IEFCX	ENPSX	DNLAX	PEO	FIKAX	CAEIX	PNRCX

Risk-Adjusted Indicators

There is a big difference between Prudential Mutual Fund performing well and Prudential Emerging 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 Emerging'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
HNRGX	0.85	0.12	0.08	0.28	1.02	(0.88)	1.81	(1.56)	5.96
IEFCX	0.78	0.08	0.04	0.25	0.92	(0.80)	1.55	(1.61)	4.95
ENPSX	1.25	0.12	0.06	0.27	1.58	(1.27)	2.57	(2.75)	7.46
DNLAX	0.80	0.08	0.06	0.16	0.98	(0.83)	1.83	(1.57)	6.33
PEO	0.61	0.05	0.01	0.17	0.86	(0.54)	1.34	(1.52)	3.63
FIKAX	0.83	0.12	0.07	0.35	0.96	(0.87)	1.64	(1.77)	5.19
CAEIX	0.71	0.06	0.05	0.13	0.84	(0.74)	1.48	(1.69)	5.24
PNRCX	0.83	0.15	0.10	0.25	1.10	(0.88)	1.89	(2.27)	6.80

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