Prudential PLC Correlations
| PUK Stock | USD 27.39 0.36 1.30% |
The current 90-days correlation between Prudential PLC ADR and Prudential Financial is 0.44 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Prudential PLC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Prudential PLC ADR moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Prudential PLC Correlation With Market
Weak diversification
The correlation between Prudential PLC ADR and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Prudential PLC ADR and DJI in the same portfolio, assuming nothing else is changed.
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Moving together with Prudential Stock
| 0.7 | JUST | Just Group plc | PairCorr |
| 0.64 | AFL | Aflac Incorporated | PairCorr |
| 0.67 | BHF | Brighthouse Financial | PairCorr |
| 0.67 | CNO | CNO Financial Group | PairCorr |
| 0.79 | MFC | Manulife Financial Corp | PairCorr |
| 0.76 | PFG | Principal Financial | PairCorr |
| 0.74 | UNM | Unum Group | PairCorr |
| 0.96 | PRU | Prudential plc | PairCorr |
| 0.74 | ELF | E L Financial | PairCorr |
| 0.66 | POW | Power | PairCorr |
| 0.74 | MFC | Manulife Financial Corp | PairCorr |
Moving against Prudential Stock
| 0.36 | FG | FG Annuities Life | PairCorr |
| 0.33 | GL | Globe Life | PairCorr |
| 0.33 | HDFCLIFE | HDFC Life Insurance | PairCorr |
| 0.31 | PRI | Primerica | PairCorr |
| 0.67 | TRUP | Trupanion | PairCorr |
| 0.48 | HSD | Hansard Global Plc | PairCorr |
Related Correlations Analysis
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PRU | 0.91 | (0.05) | 0.00 | (0.02) | 0.00 | 2.05 | 5.95 | |||
| HIG | 0.78 | 0.03 | 0.01 | 0.09 | 1.13 | 1.58 | 5.53 | |||
| BBD | 1.50 | 0.27 | 0.13 | 0.27 | 1.83 | 3.18 | 7.73 | |||
| APO | 1.61 | (0.15) | 0.00 | 2.67 | 0.00 | 3.36 | 9.62 | |||
| SLF | 0.73 | 0.04 | 0.00 | (0.81) | 1.08 | 1.45 | 6.04 | |||
| SCHW | 0.96 | (0.09) | 0.00 | (0.06) | 0.00 | 1.65 | 7.17 | |||
| MET | 0.99 | (0.08) | 0.00 | (0.03) | 0.00 | 2.30 | 7.46 | |||
| ACGL | 0.99 | 0.02 | (0.01) | 0.14 | 1.30 | 1.92 | 6.74 | |||
| STT | 1.09 | (0.01) | 0.00 | 0.03 | 1.57 | 1.96 | 8.08 |