Pgim Securitized Correlations
| SCFOX Fund | USD 9.72 0.04 0.41% |
The current 90-days correlation between Pgim Securitized Credit and Cavanal Hill Funds is -0.01 (i.e., Good diversification). The correlation of Pgim Securitized 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.
Pgim Securitized Correlation With Market
Good diversification
The correlation between Pgim Securitized Credit and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pgim Securitized Credit and DJI in the same portfolio, assuming nothing else is changed.
Pgim |
Moving together with Pgim Mutual Fund
| 0.78 | PWJQX | Prudential Jennison | PairCorr |
| 0.71 | PWJRX | Prudential Jennison | PairCorr |
| 0.76 | PWJBX | Pgim Jennison Intern | PairCorr |
| 0.76 | PWJDX | Pgim Jennison Intern | PairCorr |
| 0.84 | HYSQX | Prudential Short Duration | PairCorr |
| 0.67 | EMDQX | Prudential Emerging | PairCorr |
| 0.86 | PFRIX | Prudential Floating Rate | PairCorr |
| 0.7 | PFSQX | Prudential Jennison | PairCorr |
| 0.78 | PGKCX | Pgim Jennison Technology | PairCorr |
| 0.82 | PGKAX | Pgim Jennison Technology | PairCorr |
| 0.79 | PGKRX | Pgim Jennison Technology | PairCorr |
| 0.91 | SCFQX | Pgim Securitized Credit | PairCorr |
| 0.91 | SCFZX | Pgim Securitized Credit | PairCorr |
| 0.89 | SCFVX | Pgim Securitized Credit | PairCorr |
| 0.82 | PHYGX | Pgim High Yield | PairCorr |
| 0.8 | PHYQX | Prudential High Yield | PairCorr |
| 0.66 | SUVQX | Prudential Qma Strategic | PairCorr |
| 0.76 | PIBQX | Prudential Balanced | PairCorr |
| 0.69 | JSCRX | Prudential Jennison Small | PairCorr |
| 0.63 | PIFEX | Prudential Short Term | PairCorr |
| 0.69 | PIFGX | Prudential Short Term | PairCorr |
| 0.82 | SDMQX | Prudential Short Duration | PairCorr |
| 0.71 | SDVRX | Prudential Qma Mid | PairCorr |
| 0.77 | PJDQX | Pgim Jennison Rising | PairCorr |
| 0.76 | PJFPX | Prudential Jennison | PairCorr |
| 0.76 | PJFQX | Prudential Jennison | PairCorr |
| 0.76 | PJFOX | Prudential Jennison | PairCorr |
| 0.71 | PJERX | Prudential Jennison | PairCorr |
| 0.77 | PJIQX | Prudential Jennison | PairCorr |
Related Correlations Analysis
| 0.51 | 0.51 | 0.51 | 0.51 | 0.51 | APHXX | ||
| 0.51 | 1.0 | 1.0 | 1.0 | 1.0 | LUIXX | ||
| 0.51 | 1.0 | 1.0 | 1.0 | 1.0 | AIMXX | ||
| 0.51 | 1.0 | 1.0 | 1.0 | 1.0 | CNGXX | ||
| 0.51 | 1.0 | 1.0 | 1.0 | 1.0 | JNMXX | ||
| 0.51 | 1.0 | 1.0 | 1.0 | 1.0 | NCGXX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Pgim Mutual Fund performing well and Pgim Securitized 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 Pgim Securitized'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| APHXX | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.01 | |||
| LUIXX | 0.03 | 0.01 | 0.00 | 4.82 | 0.00 | 0.00 | 1.01 | |||
| AIMXX | 0.03 | 0.01 | 0.00 | 4.82 | 0.00 | 0.00 | 1.01 | |||
| CNGXX | 0.03 | 0.01 | 0.00 | 4.82 | 0.00 | 0.00 | 1.01 | |||
| JNMXX | 0.03 | 0.01 | 0.00 | 4.82 | 0.00 | 0.00 | 1.01 | |||
| NCGXX | 0.03 | 0.01 | 0.00 | 4.82 | 0.00 | 0.00 | 1.01 |