Prudential Jennison Correlations

PSCHX Fund

USD 22.20 0.12 0.54%

The current 90-days correlation between Prudential Jennison Small and Us Government Securities is -0.06 (i.e., Good diversification). The correlation of Prudential Jennison 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 Jennison Correlation With Market

Almost no diversification

The correlation between Prudential Jennison Small and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Prudential Jennison Small 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 Prudential Jennison Small. 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 rate.

Moving together with Prudential Mutual Fund

0.84	PWJZX	Prudential Jennison	Pair Corr
0.86	PWJAX	Prudential Jennison	Pair Corr
0.87	PWJCX	Prudential Jennison	Pair Corr
0.77	HYSZX	Prudential Short Duration	Pair Corr
0.77	HYSAX	Prudential Short Duration	Pair Corr
0.78	HYSCX	Prudential Short Duration	Pair Corr
0.96	PFSZX	Prudential Financial	Pair Corr
0.96	PFSAX	Prudential Financial	Pair Corr
0.75	PGFCX	Pgim Conservative	Pair Corr
0.84	PGFEX	Pgim Enhanced Retirement	Pair Corr
0.62	PGIJX	Pgim Esg Short	Pair Corr
0.88	FRFZX	Prudential Floating Rate	Pair Corr
0.88	FRFAX	Prudential Floating Rate	Pair Corr
0.9	FRFCX	Prudential Floating Rate	Pair Corr
0.94	PGKZX	Pgim Jennison Technology	Pair Corr
1.0	PGOAX	Prudential Jennison Small	Pair Corr
0.78	PGNAX	Jennison Natural Res	Pair Corr
0.65	PHICX	Prudential Muni High	Pair Corr
0.64	PHIZX	Prudential Muni High	Pair Corr
0.82	PHLAX	Prudential Health	Pair Corr
0.82	PHLCX	Prudential Health	Pair Corr

Moving against Prudential Mutual Fund

0.72	PGAVX	Pgim Esg High	Pair Corr
0.67	PGANX	Pgim Esg High	Pair Corr
0.62	PGAUX	Pgim Esg High	Pair Corr
0.34	EMDZX	Prudential Emerging	Pair Corr
0.31	EMDAX	Prudential Emerging	Pair Corr
0.67	PGTOX	Prudential Global Total	Pair Corr
0.49	PGVZX	Prudential Government	Pair Corr
0.49	PGVAX	Prudential Government	Pair Corr
0.7	PZTRX	Prudential Global Total	Pair Corr
0.55	PIFZX	Prudential Short Term	Pair Corr
0.51	PIFCX	Prudential Short Term	Pair Corr
0.34	PHEZX	Prudential Global Total	Pair Corr

Related Correlations Analysis

	RGVEX	USGFX	AUGAX	HCUSX	DPIGX	NUSAX	SNGYX	PYUSX
RGVEX		0.99	0.99	0.91	0.92	0.64	0.99	0.95	RGVEX
USGFX	0.99		0.99	0.89	0.94	0.72	0.99	0.96	USGFX
AUGAX	0.99	0.99		0.9	0.9	0.65	0.98	0.93	AUGAX
HCUSX	0.91	0.89	0.9		0.82	0.59	0.91	0.84	HCUSX
DPIGX	0.92	0.94	0.9	0.82		0.82	0.92	0.99	DPIGX
NUSAX	0.64	0.72	0.65	0.59	0.82		0.7	0.79	NUSAX
SNGYX	0.99	0.99	0.98	0.91	0.92	0.7		0.94	SNGYX
PYUSX	0.95	0.96	0.93	0.84	0.99	0.79	0.94		PYUSX
	RGVEX	USGFX	AUGAX	HCUSX	DPIGX	NUSAX	SNGYX	PYUSX

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Risk-Adjusted Indicators

There is a big difference between Prudential Mutual Fund performing well and Prudential Jennison 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 Jennison'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
RGVEX	0.31	0.01	0.22	(0.28)	0.35	(0.33)	0.59	(0.58)	1.90
USGFX	0.32	0.01	0.24	(0.45)	0.34	(0.35)	0.68	(0.59)	1.66
AUGAX	0.41	0.01	0.19	(0.33)	0.46	(0.42)	0.85	(0.67)	2.48
HCUSX	0.33	0.00	0.20	(0.08)	0.38	(0.34)	0.71	(0.59)	1.97
DPIGX	0.10	0.00	0.55	(0.37)	0.00	(0.15)	0.21	(0.21)	0.63
NUSAX	0.03	0.01	0.00	(0.89)	0.00	0.00	0.10	0.00	0.19
SNGYX	0.22	0.01	0.29	(0.37)	0.22	(0.27)	0.49	(0.49)	1.27
PYUSX	0.14	0.01	0.43	(0.91)	0.07	(0.19)	0.32	(0.32)	0.85

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