PGIM Large Correlations

JUNP Etf

USD 26.76 0.03 0.11%

The current 90-days correlation between PGIM Large Cap and FT Vest Equity is 0.94 (i.e., Almost no diversification). The correlation of PGIM Large 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.

PGIM Large Correlation With Market

Almost no diversification

The correlation between PGIM Large Cap Buffer and DJI is 0.96 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PGIM Large Cap Buffer and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with PGIM Etf

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in PGIM Large Cap Buffer. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with PGIM Etf

0.87	HAO	Haoxi Health Technology	Pair Corr
0.76	EMC	Global X Funds	Pair Corr
0.79	DUKH	Ocean Park High	Pair Corr
0.99	VTI	Vanguard Total Stock Sell-off Trend	Pair Corr
0.68	SCHE	Schwab Emerging Markets	Pair Corr
0.64	DINT	Davis Select Interna	Pair Corr

Moving against PGIM Etf

0.94	VXX	iPath Series B	Pair Corr
0.64	FNGD	MicroSectors FANG Index	Pair Corr
0.5	TSLS	Direxion Shares ETF	Pair Corr
0.45	SCHJ	Schwab 1 5	Pair Corr
0.86	BIS	ProShares UltraShort	Pair Corr
0.7	SGOV	iShares 0 3	Pair Corr
0.7	IBIE	iShares Trust	Pair Corr
0.38	MTGP	WisdomTree Mortgage Plus	Pair Corr
0.36	MBB	iShares MBS ETF	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.58	0.29	-0.37	-0.61	0.93	0.97	0.86	0.41	0.23	META
MSFT	0.58		0.77	0.22	-0.06	0.37	0.58	0.7	-0.08	-0.09	MSFT
UBER	0.29	0.77		0.34	0.26	0.06	0.28	0.55	-0.22	-0.05	UBER
F	-0.37	0.22	0.34		0.69	-0.42	-0.35	-0.24	0.05	0.33	F
T	-0.61	-0.06	0.26	0.69		-0.69	-0.64	-0.39	-0.23	0.15	T
A	0.93	0.37	0.06	-0.42	-0.69		0.94	0.76	0.55	0.35	A
CRM	0.97	0.58	0.28	-0.35	-0.64	0.94		0.88	0.36	0.22	CRM
JPM	0.86	0.7	0.55	-0.24	-0.39	0.76	0.88		0.06	0.15	JPM
MRK	0.41	-0.08	-0.22	0.05	-0.23	0.55	0.36	0.06		0.6	MRK
XOM	0.23	-0.09	-0.05	0.33	0.15	0.35	0.22	0.15	0.6		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

CRM	+ 0.97	META
CRM	+ 0.94	A
A	+ 0.93	META
JPM	+ 0.88	CRM
JPM	+ 0.86	META
UBER	+ 0.77	MSFT

High negative correlations

A	- 0.69	T
CRM	- 0.64	T
T	- 0.61	META
A	- 0.42	F
JPM	- 0.39	T
F	- 0.37	META

PGIM Large Competition Risk-Adjusted Indicators

There is a big difference between PGIM Etf performing well and PGIM Large ETF 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 PGIM Large'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
META	2.28	(0.02)	0.00	(0.14)	0.00	0.00	4.00	(4.67)	21.50
MSFT	1.42	0.24	0.13	0.10	1.58	(1.48)	3.19	(3.02)	13.79
UBER	2.27	0.58	0.19	0.32	2.58	(2.38)	5.87	(3.30)	16.03
F	1.87	0.26	0.09	0.14	2.61	(1.91)	3.19	(3.88)	13.11
T	1.19	0.26	0.14	0.60	2.27	(1.16)	1.97	(3.02)	8.94
A	1.66	(0.33)	0.00	(0.41)	0.00	0.00	2.76	(5.45)	14.45
CRM	1.78	(0.18)	0.00	(0.27)	0.00	0.00	2.91	(4.51)	13.13
JPM	1.59	0.07	0.00	(0.06)	0.00	0.00	2.88	(4.15)	11.14
MRK	1.45	(0.17)	0.00	(0.48)	0.00	0.00	2.43	(4.59)	9.07
XOM	1.40	0.09	0.00	(0.01)	0.00	0.00	2.80	(3.21)	10.54

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC