Pgim Jennison Correlations

PGKAX Fund

USD 31.12 0.07 0.22%

The current 90-days correlation between Pgim Jennison Technology and Ultrasmall Cap Profund Ultrasmall Cap is 0.7 (i.e., Poor diversification). The correlation of Pgim 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, which includes a position in Pgim Jennison Technology. 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 nation.

Moving together with Pgim Mutual Fund

0.65	PWJBX	Pgim Jennison Intern	Pair Corr
0.83	EMDQX	Prudential Emerging	Pair Corr
0.72	PGJQX	Prudential Jennison	Pair Corr
0.83	PGIQX	Prudential Government	Pair Corr
1.0	PGKCX	Pgim Jennison Technology	Pair Corr
0.96	PGKRX	Pgim Jennison Technology	Pair Corr
0.89	SCFQX	Pgim Securitized Credit	Pair Corr
0.88	SCFOX	Pgim Securitized Credit	Pair Corr
0.87	SCFZX	Pgim Securitized Credit	Pair Corr
0.9	SCFVX	Pgim Securitized Credit	Pair Corr
0.88	PHEQX	Prudential Global Total	Pair Corr
0.9	PHIQX	Prudential Muni High	Pair Corr
0.88	PHLQX	Prudential Health Steady Growth	Pair Corr
0.68	PHYQX	Prudential High Yield	Pair Corr
0.75	SUVQX	Prudential Qma Strategic	Pair Corr
0.91	PIBQX	Prudential Balanced	Pair Corr
0.84	PIFEX	Prudential Short Term	Pair Corr
0.83	PIFGX	Prudential Short Term	Pair Corr
0.84	SDMQX	Prudential Short Duration	Pair Corr
0.84	PJDQX	Pgim Jennison Rising	Pair Corr
0.91	PJFPX	Prudential Jennison	Pair Corr
0.91	PJFQX	Prudential Jennison	Pair Corr
0.91	PJFOX	Prudential Jennison	Pair Corr
0.88	PJERX	Prudential Jennison	Pair Corr
0.89	PJHRX	Prudential Health Steady Growth	Pair Corr
0.89	PJIQX	Prudential Jennison	Pair Corr

Moving against Pgim Mutual Fund

0.63

PFSQX

Prudential Jennison

Pair Corr

Related Correlations Analysis

	UAPSX	JISCX	BOSVX	MGPSX	AVCNX	UMPIX	PVCMX	WBVNX
UAPSX		0.38	0.33	0.5	0.65	0.27	0.47	-0.11	UAPSX
JISCX	0.38		0.72	0.57	0.86	0.61	0.65	0.63	JISCX
BOSVX	0.33	0.72		0.87	0.69	0.86	0.51	0.83	BOSVX
MGPSX	0.5	0.57	0.87		0.69	0.92	0.54	0.68	MGPSX
AVCNX	0.65	0.86	0.69	0.69		0.68	0.87	0.49	AVCNX
UMPIX	0.27	0.61	0.86	0.92	0.68		0.65	0.85	UMPIX
PVCMX	0.47	0.65	0.51	0.54	0.87	0.65		0.43	PVCMX
WBVNX	-0.11	0.63	0.83	0.68	0.49	0.85	0.43		WBVNX
	UAPSX	JISCX	BOSVX	MGPSX	AVCNX	UMPIX	PVCMX	WBVNX

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

UMPIX	+ 0.92	MGPSX
MGPSX	+ 0.87	BOSVX
PVCMX	+ 0.87	AVCNX
AVCNX	+ 0.86	JISCX
UMPIX	+ 0.86	BOSVX
WBVNX	+ 0.85	UMPIX

High negative correlations

WBVNX

- 0.11

UAPSX

Risk-Adjusted Indicators

There is a big difference between Pgim Mutual Fund performing well and Pgim 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 Pgim 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
UAPSX	1.80	0.07	0.00	(0.25)	2.28	(1.81)	3.84	(3.70)	13.75
JISCX	0.71	0.02	(0.06)	(0.20)	0.81	(0.83)	1.69	(1.18)	6.71
BOSVX	0.81	(0.04)	(0.01)	0.04	0.94	(0.90)	2.00	(1.42)	7.71
MGPSX	0.71	(0.07)	(0.07)	0.00	0.90	(0.76)	1.66	(1.15)	5.05
AVCNX	0.80	0.02	(0.05)	(0.12)	1.05	(0.85)	1.71	(1.39)	7.58
UMPIX	1.35	(0.15)	(0.04)	0.00	1.75	(1.45)	2.90	(2.32)	11.17
PVCMX	0.19	(0.01)	0.00	0.30	0.00	0.00	0.32	(0.40)	1.60
WBVNX	0.71	(0.08)	(0.07)	0.00	0.91	(0.79)	1.78	(1.36)	7.00

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