Prudential Jennison Correlations

The correlation of Prudential Jennison 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.

Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Prudential Mutual Fund

0.81	GLIFX	Lazard Global Listed	Pair Corr
0.81	GLFOX	Lazard Global Listed	Pair Corr
0.96	VCRCX	Mainstay Cbre Global	Pair Corr
0.73	GPBFX	Gmo E Plus	Pair Corr
0.9	GPMFX	Guidepath Managed Futures	Pair Corr
0.8	PQTAX	Pimco Trends Managed	Pair Corr
0.82	PQTNX	Pimco Trends Managed	Pair Corr
0.8	PQTIX	Aa Pimco Tr	Pair Corr
0.92	WARCX	Wells Fargo Advantage	Pair Corr
0.74	GPICX	Guidepath Conservative	Pair Corr
0.8	FPXIX	Fidelity Advisor 529	Pair Corr
0.86	INTC	Intel Aggressive Push	Pair Corr
0.68	JNJ	Johnson Johnson	Pair Corr
0.75	GE	GE Aerospace	Pair Corr
0.8	AA	Alcoa Corp	Pair Corr

Moving against Prudential Mutual Fund

0.77	T	ATT Inc	Pair Corr
0.55	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.77	VZ	Verizon Communications	Pair Corr
0.72	PG	Procter Gamble	Pair Corr
0.51	HD	Home Depot	Pair Corr
0.49	DIS	Walt Disney	Pair Corr

Related Correlations Analysis

	SGDLX	USERX	AGGWX	FGDIX	UIPMX	QGLCX	GLRBX	QGLDX
SGDLX		0.99	0.98	0.96	0.97	0.9	0.72	0.89	SGDLX
USERX	0.99		0.99	0.98	0.98	0.86	0.71	0.85	USERX
AGGWX	0.98	0.99		0.99	1.0	0.86	0.69	0.86	AGGWX
FGDIX	0.96	0.98	0.99		0.99	0.8	0.62	0.8	FGDIX
UIPMX	0.97	0.98	1.0	0.99		0.87	0.69	0.87	UIPMX
QGLCX	0.9	0.86	0.86	0.8	0.87		0.79	1.0	QGLCX
GLRBX	0.72	0.71	0.69	0.62	0.69	0.79		0.78	GLRBX
QGLDX	0.89	0.85	0.86	0.8	0.87	1.0	0.78		QGLDX
	SGDLX	USERX	AGGWX	FGDIX	UIPMX	QGLCX	GLRBX	QGLDX

Risk-Adjusted Indicators

There is a big difference between Prudential Mutual Fund performing well and Prudential Jennison 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 Jennison'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
SGDLX	1.66	0.31	0.10	0.61	2.53	(1.59)	3.18	(3.84)	11.70
USERX	1.95	0.33	0.10	0.44	2.75	(1.93)	3.85	(4.44)	12.97
AGGWX	1.87	0.38	0.12	0.55	2.54	(1.82)	4.26	(4.27)	12.84
FGDIX	1.85	0.33	0.10	0.61	2.89	(1.74)	3.80	(4.42)	13.22
UIPMX	1.87	0.39	0.13	0.69	2.44	(1.90)	4.35	(4.19)	12.72
QGLCX	0.99	0.27	0.14	1.66	1.41	(1.08)	2.39	(1.88)	9.85
GLRBX	0.29	0.02	0.03	0.07	0.31	(0.30)	0.65	(0.49)	1.88
QGLDX	1.00	0.30	0.16	2.20	1.42	(1.10)	2.41	(1.88)	9.86

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Prudential Jennison Correlations

Moving together with Prudential Mutual Fund

Moving against Prudential Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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