Prudential Global Correlations

PHEAX Fund

USD 8.66 0.01 0.12%

The correlation of Prudential Global 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.

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Moving together with Prudential Mutual Fund

0.71	PWJCX	Prudential Jennison	Pair Corr
0.68	HYSZX	Prudential Short Duration	Pair Corr
0.91	HYSAX	Prudential Short Duration	Pair Corr
0.91	HYSCX	Prudential Short Duration	Pair Corr
0.92	EMDCX	Prudential Emerging	Pair Corr
0.91	EMDAX	Prudential Emerging	Pair Corr
0.92	EMDZX	Prudential Emerging	Pair Corr
0.63	PFSZX	Prudential Financial	Pair Corr
0.64	PGFCX	Pgim Conservative	Pair Corr
0.81	PGJAX	Prudential Jennison	Pair Corr
0.71	PGJZX	Prudential Jennison	Pair Corr
0.79	FRFZX	Prudential Floating Rate	Pair Corr
0.79	FRFAX	Prudential Floating Rate	Pair Corr
0.79	FRFCX	Prudential Floating Rate	Pair Corr
0.79	PGKZX	Pgim Jennison Technology	Pair Corr
0.83	PGNAX	Jennison Natural Res	Pair Corr
0.88	PGTOX	Prudential Global Total	Pair Corr
0.78	PGVZX	Prudential Government	Pair Corr
0.75	PGVAX	Prudential Government	Pair Corr
1.0	PHECX	Prudential Global Total	Pair Corr
0.99	TGMBX	Prudential Porate Bond	Pair Corr
0.68	PHEZX	Prudential Global Total	Pair Corr
0.69	PHLAX	Prudential Health	Pair Corr

Related Correlations Analysis

	CLPCX	LANIX	VHGEX	TRSAX	LWLAX	ADGAX	SMPIX	LAVVX
CLPCX		0.98	0.99	1.0	0.98	0.98	0.97	0.67	CLPCX
LANIX	0.98		0.99	0.98	0.98	0.99	0.96	0.65	LANIX
VHGEX	0.99	0.99		1.0	0.99	0.98	0.97	0.65	VHGEX
TRSAX	1.0	0.98	1.0		0.99	0.98	0.98	0.66	TRSAX
LWLAX	0.98	0.98	0.99	0.99		0.97	0.96	0.64	LWLAX
ADGAX	0.98	0.99	0.98	0.98	0.97		0.98	0.71	ADGAX
SMPIX	0.97	0.96	0.97	0.98	0.96	0.98		0.72	SMPIX
LAVVX	0.67	0.65	0.65	0.66	0.64	0.71	0.72		LAVVX
	CLPCX	LANIX	VHGEX	TRSAX	LWLAX	ADGAX	SMPIX	LAVVX

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Risk-Adjusted Indicators

There is a big difference between Prudential Mutual Fund performing well and Prudential Global 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 Global'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
CLPCX	0.69	0.12	0.11	0.28	0.54	(0.85)	1.62	(0.79)	5.02
LANIX	0.54	0.22	0.09	(2.54)	0.42	(0.63)	1.63	(1.23)	4.08
VHGEX	0.64	0.16	0.16	0.33	0.44	(0.77)	1.97	(1.51)	5.07
TRSAX	0.81	0.17	0.17	0.30	0.64	(0.96)	2.41	(1.33)	5.43
LWLAX	0.27	0.04	(0.09)	0.24	0.00	(0.32)	0.89	(0.52)	1.96
ADGAX	0.68	0.25	0.12	(2.78)	0.52	(0.79)	1.77	(1.34)	4.76
SMPIX	2.19	0.71	0.31	0.51	1.96	(2.59)	5.81	(3.47)	12.76
LAVVX	0.56	0.15	0.15	0.38	0.14	(0.69)	1.63	(0.79)	3.89

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Prudential Global Correlations

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