Pgim Jennison Correlations

PGKZX Fund

USD 29.18 0.06 0.21%

The current 90-days correlation between Pgim Jennison Technology and Prudential High Yield is 0.13 (i.e., Average 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.

Pgim Jennison Correlation With Market

Very weak diversification

The correlation between Pgim Jennison Technology and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pgim Jennison Technology and DJI in the same portfolio, assuming nothing else is changed.

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

0.62	DBD	Diebold Nixdorf,	Pair Corr
0.68	JNPR	Juniper Networks	Pair Corr
0.62	DAICW	CID HoldCo, Warrants	Pair Corr
0.63	STRF	MicroStrategy Incorporated	Pair Corr

Moving against Pgim Mutual Fund

0.64	VSTE	Vast Renewables	Pair Corr
0.61	VISL	Vislink Technologies	Pair Corr
0.52	EXOD	Exodus Movement,	Pair Corr
0.49	APCXW	AppTech Payments Corp	Pair Corr
0.42	DVLT	Datavault AI Symbol Change	Pair Corr
0.39	BULLZ	Webull Incentive	Pair Corr
0.64	AXIL	AXIL Brands, Trending	Pair Corr
0.58	SMTK	SmartKem, Common Stock	Pair Corr
0.54	HPAIW	Helport AI Limited	Pair Corr
0.5	APCX	Apptech Corp	Pair Corr
0.45	NOVA	Sunnova Energy Inter	Pair Corr
0.43	ODYS	Odysightai Common Stock	Pair Corr

Related Correlations Analysis

	PBHAX	GHVIX	SABIX	BXHCX	ABRUX	AGDAX	NEAIX
PBHAX		0.99	0.98	1.0	0.97	0.99	0.97	PBHAX
GHVIX	0.99		0.99	0.99	0.97	0.99	0.98	GHVIX
SABIX	0.98	0.99		0.98	0.95	0.98	0.98	SABIX
BXHCX	1.0	0.99	0.98		0.96	0.99	0.98	BXHCX
ABRUX	0.97	0.97	0.95	0.96		0.96	0.95	ABRUX
AGDAX	0.99	0.99	0.98	0.99	0.96		0.98	AGDAX
NEAIX	0.97	0.98	0.98	0.98	0.95	0.98		NEAIX
	PBHAX	GHVIX	SABIX	BXHCX	ABRUX	AGDAX	NEAIX

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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
PBHAX	0.16	0.07	(0.29)	18.62	0.00	(0.31)	0.43	(0.21)	1.04
GHVIX	0.18	0.08	(0.29)	(1.38)	0.00	(0.23)	0.48	(0.29)	1.35
SABIX	0.46	0.19	0.07	(1.95)	0.22	(0.58)	1.43	(0.98)	3.37
BXHCX	0.16	0.08	(0.29)	(2.97)	0.00	(0.25)	0.50	(0.13)	1.02
ABRUX	0.44	0.20	0.12	(5.45)	0.00	(0.57)	1.24	(0.69)	2.85
AGDAX	0.15	0.07	(0.26)	(1.24)	0.00	(0.23)	0.45	(0.29)	1.03
NEAIX	1.01	0.32	0.26	0.43	0.65	(1.17)	3.02	(2.10)	6.61

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