Prudential Financial Correlations

PRU Stock

USD 103.27 0.14 0.14%

The current 90-days correlation between Prudential Financial and Aflac Incorporated is -0.23 (i.e., Very good diversification). The correlation of Prudential Financial 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.

Prudential Financial Correlation With Market

Very poor diversification

The correlation between Prudential Financial and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Prudential Financial and DJI in the same portfolio, assuming nothing else is changed.

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Prudential Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For more information on how to buy Prudential Stock please use our How to Invest in Prudential Financial guide.

Moving together with Prudential Stock

0.7	MET-PE	MetLife Preferred Stock	Pair Corr
0.73	GNW	Genworth Financial	Pair Corr
0.83	LNC	Lincoln National	Pair Corr
0.9	MET	MetLife	Pair Corr
0.74	MFC	Manulife Financial Corp	Pair Corr
0.73	PRI	Primerica	Pair Corr
0.79	PUK	Prudential PLC ADR	Pair Corr
0.72	UNM	Unum Group	Pair Corr
0.61	LNC-PD	Lincoln National	Pair Corr
0.61	GL-PD	Globe Life 425	Pair Corr
0.78	AAME	Atlantic American	Pair Corr
0.72	ANG-PB	American National	Pair Corr
0.75	C	Citigroup Aggressive Push	Pair Corr
0.81	L	Loews Corp	Pair Corr
0.63	V	Visa Class A	Pair Corr
0.74	DHIL	Diamond Hill Investment	Pair Corr
0.7	AB	AllianceBernstein Earnings Call This Week	Pair Corr
0.75	AC	Associated Capital	Pair Corr
0.74	AX	Axos Financial	Pair Corr
0.73	BK	Bank of New York	Pair Corr
0.77	BN	Brookfield Corp	Pair Corr
0.65	BX	Blackstone Group Normal Trading	Pair Corr
0.72	BY	Byline Bancorp Earnings Call This Week	Pair Corr

Moving against Prudential Stock

0.61	CIA	Citizens	Pair Corr
0.51	FG	FG Annuities Life	Pair Corr
0.51	ABL	Abacus Life	Pair Corr
0.42	AFL	Aflac Incorporated	Pair Corr
0.42	ABLLW	Abacus Life	Pair Corr

Related Correlations Analysis

	LNC	AFL	BHF	UNM	MET	JXN	MFC	GL	PUK
LNC		-0.5	0.16	0.81	0.84	0.95	0.68	0.03	0.77	LNC
AFL	-0.5		-0.05	-0.39	-0.48	-0.58	-0.48	0.33	-0.66	AFL
BHF	0.16	-0.05		0.39	0.51	0.11	0.62	0.05	-0.09	BHF
UNM	0.81	-0.39	0.39		0.82	0.73	0.76	0.26	0.52	UNM
MET	0.84	-0.48	0.51	0.82		0.86	0.9	0.1	0.71	MET
JXN	0.95	-0.58	0.11	0.73	0.86		0.69	0.02	0.88	JXN
MFC	0.68	-0.48	0.62	0.76	0.9	0.69		0.12	0.6	MFC
GL	0.03	0.33	0.05	0.26	0.1	0.02	0.12		-0.09	GL
PUK	0.77	-0.66	-0.09	0.52	0.71	0.88	0.6	-0.09		PUK
	LNC	AFL	BHF	UNM	MET	JXN	MFC	GL	PUK

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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

JXN	+ 0.95	LNC
MFC	+ 0.9	MET
PUK	+ 0.88	JXN
JXN	+ 0.86	MET
MET	+ 0.84	LNC
MET	+ 0.82	UNM

High negative correlations

PUK	- 0.66	AFL
JXN	- 0.58	AFL
AFL	- 0.5	LNC
MFC	- 0.48	AFL
MET	- 0.48	AFL
UNM	- 0.39	AFL

Risk-Adjusted Indicators

There is a big difference between Prudential Stock performing well and Prudential Financial 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 Financial'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
LNC	1.39	0.06	0.07	0.18	1.39	(1.50)	3.57	(2.83)	8.86
AFL	0.92	(0.05)	0.00	0.42	0.00	0.00	1.57	(2.00)	7.94
BHF	1.77	(0.15)	(0.03)	0.02	2.66	(1.76)	4.10	(4.61)	14.77
UNM	1.12	(0.04)	(0.03)	0.09	1.37	(1.07)	2.14	(2.09)	7.21
MET	0.99	(0.06)	(0.03)	0.08	1.18	(0.98)	2.36	(2.08)	6.85
JXN	1.54	0.12	0.09	0.22	1.58	(1.75)	3.18	(3.41)	9.16
MFC	0.90	(0.01)	(0.01)	0.12	1.17	(0.97)	2.36	(1.72)	6.81
GL	1.09	(0.10)	(0.07)	0.02	1.63	(0.99)	2.17	(2.88)	8.40
PUK	1.15	0.37	0.20	(2.49)	0.78	(1.43)	2.92	(1.55)	5.65

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