Prudential Plc Correlations
| PRU Stock | EUR 10.60 0.20 1.85% |
The current 90-days correlation between Prudential plc and AIA Group Limited is 0.22 (i.e., Modest diversification). The correlation of Prudential Plc 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.
Prudential Plc Correlation With Market
Very good diversification
The correlation between Prudential plc and DJI is -0.21 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Prudential plc and DJI in the same portfolio, assuming nothing else is changed.
Prudential |
The ability to find closely correlated positions to Prudential Plc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Prudential Plc when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Prudential Plc - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Prudential plc to buy it.
Moving together with Prudential Stock
| 0.9 | 7A2 | AIA Group Limited | PairCorr |
| 0.91 | CHL | China Life Insurance | PairCorr |
| 0.79 | 75C | China Pacific Insurance | PairCorr |
| 0.83 | PTI | Perusahaan Perseroan | PairCorr |
| 0.74 | KGHA | KGHM Polska Miedz | PairCorr |
| 0.69 | 1W3 | WSP Global | PairCorr |
| 0.83 | PZXB | PING AN INSURANCH | PairCorr |
| 0.75 | 2C6 | China Development Bank | PairCorr |
| 0.79 | KOM1 | Komatsu | PairCorr |
| 0.66 | RAX | RANGE RESOURCES Earnings Call This Week | PairCorr |
| 0.7 | F1YN | Lundin Gold | PairCorr |
| 0.82 | HEI | Heidelberg Materials | PairCorr |
| 0.88 | AG8 | AGILENT TECH | PairCorr |
| 0.67 | TGE1 | Mobilezone Holding | PairCorr |
| 0.82 | FA2 | FORWARD AIR P | PairCorr |
Moving against Prudential Stock
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Prudential Stock performing well and Prudential Plc Company 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 Plc'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PZX | 2.38 | 0.19 | 0.06 | 0.29 | 3.75 | 3.25 | 35.45 | |||
| 7A2 | 1.61 | 0.37 | 0.10 | (21.19) | 1.85 | 3.88 | 11.43 | |||
| CHL | 1.70 | 0.53 | 0.19 | (5.66) | 1.45 | 3.68 | 13.26 | |||
| MWZ | 1.11 | 0.04 | (0.07) | (6.04) | 1.18 | 2.77 | 8.24 | |||
| PRU | 1.42 | 0.32 | 0.07 | (0.67) | 1.46 | 3.80 | 8.00 | |||
| PLL | 1.18 | 0.01 | (0.09) | 0.45 | 1.23 | 2.47 | 9.21 | |||
| 75C | 2.45 | 1.07 | 0.44 | (15.46) | 1.27 | 6.08 | 42.31 | |||
| MLU | 1.05 | 0.13 | (0.03) | (0.52) | 0.94 | 2.45 | 7.74 | |||
| GWS | 1.00 | 0.00 | 0.00 | 0.15 | 0.00 | 1.87 | 6.10 | |||
| QHH | 1.33 | 0.22 | 0.03 | (0.58) | 1.41 | 2.38 | 10.07 |
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Prudential Plc Corporate Management
Elected by the shareholders, the Prudential Plc's board of directors comprises two types of representatives: Prudential Plc inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Prudential. The board's role is to monitor Prudential Plc's management team and ensure that shareholders' interests are well served. Prudential Plc's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Prudential Plc's outside directors are responsible for providing unbiased perspectives on the board's policies.
| BA FCA | Group Director | Profile | |
| Rebecca Wyatt | Director Reporting | Profile | |
| Patrick Bowes | Head Relations | Profile | |
| Ciaran Mulligan | Head Group | Profile | |
| Avnish Kalra | Group Officer | Profile | |
| Jolene Chen | Group Director | Profile | |
| Allen Thai | Chief Office | Profile |