Prudential Health Correlations

PHLCX Fund

USD 13.75 0.04 0.29%

The current 90-days correlation between Prudential Health and Redwood Real Estate is 0.09 (i.e., Significant diversification). The correlation of Prudential Health 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 signals in interest.

Moving together with Prudential Mutual Fund

0.69	EMDCX	Prudential Emerging	Pair Corr
0.71	EMDAX	Prudential Emerging	Pair Corr
0.75	PGFCX	Pgim Conservative	Pair Corr
0.82	PGFEX	Pgim Enhanced Retirement	Pair Corr
0.77	PGJAX	Prudential Jennison	Pair Corr
0.73	PGJCX	Prudential Jennison	Pair Corr
0.79	PGJZX	Prudential Jennison	Pair Corr
0.81	PGKZX	Pgim Jennison Technology	Pair Corr
0.83	PGNAX	Jennison Natural Res	Pair Corr
0.76	PHECX	Prudential Global Total	Pair Corr
0.77	PHEAX	Prudential Global Total	Pair Corr
0.78	PHEZX	Prudential Global Total	Pair Corr
0.74	PHICX	Prudential Muni High	Pair Corr
0.73	PHIZX	Prudential Muni High	Pair Corr
0.89	PHLAX	Prudential Health	Pair Corr
1.0	PHSZX	Prudential Health	Pair Corr
0.8	PIBAX	Prudential Balanced	Pair Corr
0.72	PIFCX	Prudential Short Term	Pair Corr
0.85	PIFZX	Prudential Short Term	Pair Corr
0.71	SDMZX	Prudential Short Duration	Pair Corr
0.78	SDMCX	Prudential Short Duration	Pair Corr
0.68	SDMAX	Prudential Short Duration	Pair Corr
0.84	PJDZX	Prudential Jennison	Pair Corr

Moving against Prudential Mutual Fund

0.68	PFSAX	Prudential Financial	Pair Corr
0.67	PFSZX	Prudential Financial	Pair Corr

Related Correlations Analysis

	CREMX	FIKMX	PNDIX	PJEAX	TRREX	NMMRF	JNGSX
CREMX		0.81	1.0	0.72	0.41	0.73	0.45	CREMX
FIKMX	0.81		0.82	0.91	0.83	0.8	0.84	FIKMX
PNDIX	1.0	0.82		0.74	0.42	0.75	0.45	PNDIX
PJEAX	0.72	0.91	0.74		0.75	0.79	0.77	PJEAX
TRREX	0.41	0.83	0.42	0.75		0.53	0.93	TRREX
NMMRF	0.73	0.8	0.75	0.79	0.53		0.46	NMMRF
JNGSX	0.45	0.84	0.45	0.77	0.93	0.46		JNGSX
	CREMX	FIKMX	PNDIX	PJEAX	TRREX	NMMRF	JNGSX

Risk-Adjusted Indicators

There is a big difference between Prudential Mutual Fund performing well and Prudential Health 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 Health'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
CREMX	0.02	0.02	0.00	14.80	0.00	0.00	0.08	0.00	0.12
FIKMX	0.18	0.00	(0.29)	0.09	0.12	(0.24)	0.41	(0.33)	1.40
PNDIX	0.04	0.02	0.00	(0.69)	0.00	0.00	0.10	0.00	0.10
PJEAX	0.64	0.06	(0.05)	(0.64)	0.76	(0.68)	1.53	(1.42)	3.95
TRREX	0.66	(0.03)	(0.08)	0.04	0.80	(0.71)	1.51	(1.08)	4.45
NMMRF	0.07	0.03	0.00	4.84	0.00	0.00	0.00	0.00	2.45
JNGSX	0.51	(0.02)	(0.10)	0.05	0.63	(0.54)	1.15	(0.99)	3.25

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Prudential Health Correlations

Moving together with Prudential Mutual Fund

Moving against Prudential Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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