Jennison Natural Correlations

PNRCX Fund

USD 43.35 0.09 0.21%

The current 90-days correlation between Jennison Natural Res and Prudential Jennison International is -0.09 (i.e., Good diversification). The correlation of Jennison Natural 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.

Jennison Natural Correlation With Market

Average diversification

The correlation between Jennison Natural Resources and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jennison Natural Resources 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 Jennison Natural Resources. 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 main economic indicators.

Moving together with Jennison Mutual Fund

0.9	PWJZX	Prudential Jennison	Pair Corr
0.9	PWJAX	Prudential Jennison	Pair Corr
0.89	PWJCX	Prudential Jennison	Pair Corr
0.97	HYSZX	Prudential Short Duration	Pair Corr
0.96	HYSAX	Prudential Short Duration	Pair Corr
0.96	HYSCX	Prudential Short Duration	Pair Corr
0.94	EMDAX	Prudential Emerging	Pair Corr
0.94	EMDZX	Prudential Emerging	Pair Corr
0.88	PFSZX	Prudential Financial	Pair Corr
0.63	PFSAX	Prudential Financial	Pair Corr
0.95	PGFCX	Pgim Conservative	Pair Corr
0.89	PGJAX	Prudential Jennison	Pair Corr
0.64	PGJCX	Prudential Jennison	Pair Corr
0.9	PGJZX	Prudential Jennison	Pair Corr
0.96	FRFZX	Prudential Floating Rate	Pair Corr
0.96	FRFAX	Prudential Floating Rate	Pair Corr
0.96	FRFCX	Prudential Floating Rate	Pair Corr
0.95	PGKZX	Pgim Jennison Technology	Pair Corr
0.99	PGNAX	Jennison Natural Res	Pair Corr
0.85	PGTOX	Prudential Global Total	Pair Corr
0.86	PHECX	Prudential Global Total	Pair Corr
0.64	PHEAX	Prudential Global Total	Pair Corr
0.85	TGMBX	Prudential Porate Bond	Pair Corr
0.95	PHYZX	Prudential High Yield	Pair Corr
0.67	PHYEX	Pgim High Yield	Pair Corr
0.64	PZTRX	Prudential Global Total	Pair Corr
0.96	PIBAX	Prudential Balanced	Pair Corr
0.9	PIFCX	Prudential Short Term	Pair Corr
0.9	PIFZX	Prudential Short Term	Pair Corr
0.91	SDMZX	Prudential Short Duration	Pair Corr

Related Correlations Analysis

	PWJZX	PWJAX	PWJCX	HYSZX	HYSAX	HYSCX	EMDCX	EMDAX	EMDZX	PFSZX
PWJZX		1.0	0.98	0.92	0.93	0.93	0.53	0.89	0.88	0.94	PWJZX
PWJAX	1.0		0.98	0.92	0.93	0.93	0.52	0.89	0.88	0.94	PWJAX
PWJCX	0.98	0.98		0.92	0.92	0.92	0.49	0.88	0.87	0.96	PWJCX
HYSZX	0.92	0.92	0.92		0.99	0.99	0.68	0.97	0.97	0.93	HYSZX
HYSAX	0.93	0.93	0.92	0.99		1.0	0.67	0.98	0.98	0.93	HYSAX
HYSCX	0.93	0.93	0.92	0.99	1.0		0.66	0.98	0.98	0.93	HYSCX
EMDCX	0.53	0.52	0.49	0.68	0.67	0.66		0.68	0.7	0.54	EMDCX
EMDAX	0.89	0.89	0.88	0.97	0.98	0.98	0.68		1.0	0.87	EMDAX
EMDZX	0.88	0.88	0.87	0.97	0.98	0.98	0.7	1.0		0.87	EMDZX
PFSZX	0.94	0.94	0.96	0.93	0.93	0.93	0.54	0.87	0.87		PFSZX
	PWJZX	PWJAX	PWJCX	HYSZX	HYSAX	HYSCX	EMDCX	EMDAX	EMDZX	PFSZX

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Risk-Adjusted Indicators

There is a big difference between Jennison Mutual Fund performing well and Jennison Natural 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 Jennison Natural'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
PWJZX	0.68	0.25	0.14	(4.84)	0.39	(0.76)	1.87	(1.19)	4.47
PWJAX	0.68	0.25	0.14	(4.84)	0.39	(0.76)	1.88	(1.19)	4.47
PWJCX	0.68	0.14	0.11	0.35	0.42	(0.76)	1.85	(1.19)	4.43
HYSZX	0.13	0.04	(0.37)	0.58	0.00	(0.22)	0.37	(0.12)	0.84
HYSAX	0.14	0.07	(0.33)	(3.25)	0.00	(0.23)	0.37	(0.12)	0.99
HYSCX	0.13	0.06	(0.35)	(2.68)	0.00	(0.22)	0.37	(0.12)	0.86
EMDCX	0.22	0.07	(0.13)	1.06	0.00	(0.35)	0.64	(0.42)	1.88
EMDAX	0.29	0.10	(0.08)	2.03	0.00	(0.43)	0.68	(0.42)	1.89
EMDZX	0.26	0.10	(0.06)	3.14	0.00	(0.39)	0.67	(0.42)	1.87
PFSZX	0.78	0.09	0.09	0.21	0.77	(0.88)	2.06	(1.54)	6.15

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Jennison Natural Correlations

Jennison Natural Correlation With Market

Average diversification

Moving together with Jennison Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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