PRUDENTIAL FLOATING Correlations

FRFZX Fund

USD 8.83 0.01 0.11%

Current 90-days correlation between Prudential Floating Rate and Dreyfus Fund Inc is 0.07 (i.e., Very good diversification).The correlation coefficient ranges from -1 to +1 and quantifies how closely the stock co-moves with paired assets.

PRUDENTIAL FLOATING Market Correlation

Weak diversification

For the present investment horizon, the measured correlation between PRUDENTIAL FLOATING and Dow Jones stands at 0.52, or Weak diversification. The overlap area shows the portion of risk that can be diversified away by holding both instruments together.

Review Investing Opportunities for context on portfolio diversification. This information is provided for contextual purposes. Prudential Floating Rate can be added to a watchlist or portfolio for position tracking. Position allocation is driven by the portfolio construction model in use. Broader economic conditions can influence Prudential Floating Rate's mutual fund valuation — related indicators include signals in nation.

Moving together with PRUDENTIAL Mutual Fund

0.88	FRFAX	Prudential Floating Rate	Pair Corr
0.91	FRFCX	Prudential Floating Rate	Pair Corr

Related Correlations Analysis

	GDV	TFILX	PRTAX	SAIFX	SINAX	CSVIX	IDITX	CALRX	CLMAX	DREVX
GDV		0.73	0.72	0.81	0.73	0.87	0.75	0.87	0.63	0.38	GDV
TFILX	0.73		1.0	0.78	0.76	0.4	0.88	0.4	0.92	-0.1	TFILX
PRTAX	0.72	1.0		0.78	0.76	0.38	0.87	0.38	0.92	-0.12	PRTAX
SAIFX	0.81	0.78	0.78		0.91	0.54	0.69	0.54	0.74	0.03	SAIFX
SINAX	0.73	0.76	0.76	0.91		0.44	0.66	0.44	0.73	-0.04	SINAX
CSVIX	0.87	0.4	0.38	0.54	0.44		0.52	1.0	0.28	0.61	CSVIX
IDITX	0.75	0.88	0.87	0.69	0.66	0.52		0.52	0.9	0.12	IDITX
CALRX	0.87	0.4	0.38	0.54	0.44	1.0	0.52		0.28	0.61	CALRX
CLMAX	0.63	0.92	0.92	0.74	0.73	0.28	0.9	0.28		-0.24	CLMAX
DREVX	0.38	-0.1	-0.12	0.03	-0.04	0.61	0.12	0.61	-0.24		DREVX
	GDV	TFILX	PRTAX	SAIFX	SINAX	CSVIX	IDITX	CALRX	CLMAX	DREVX

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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

PRTAX	+ 1.0	TFILX
CALRX	+ 1.0	CSVIX
CLMAX	+ 0.92	TFILX
CLMAX	+ 0.92	PRTAX
SINAX	+ 0.91	SAIFX
CLMAX	+ 0.9	IDITX

High negative correlations

DREVX	- 0.24	CLMAX
DREVX	- 0.12	PRTAX
DREVX	- 0.1	TFILX
DREVX	- 0.04	SINAX

Risk-Adjusted Indicators

Strong recent returns in PRUDENTIAL Mutual Fund do not always mean PRUDENTIAL FLOATING Mutual Fund is outperforming peers on business quality. Risk-adjusted metrics help compare PRUDENTIAL FLOATING's efficiency and downside exposure against peers on a like-for-like basis. These indicators are quantitative in nature and help investors evaluate volatility and risk-adjusted expected returns across different positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GDV	0.56	0.05	0.08	0.01	0.80	-0.54	1.08	-1.45	3.31
TFILX	0.12	-0.01	0.00	-0.22	0.00	0.00	0.21	-0.32	1.07
PRTAX	0.12	-0.01	0.00	-0.24	0.00	0.00	0.21	-0.43	1.17
SAIFX	0.68	0.27	0.36	0.27	0.41	-0.82	1.10	-1.20	13.62
SINAX	0.68	0.21	0.35	7.54	0.41	-0.80	1.09	-1.18	13.63
CSVIX	0.75	-0.01	0.00	-0.07	0.00	0.00	1.84	-1.78	4.24
IDITX	0.17	-0.02	0.00	-0.44	0.00	0.00	0.37	-0.37	1.24
CALRX	0.75	-0.01	0.00	-0.07	0.00	0.00	1.84	-1.81	4.27
CLMAX	0.17	0.00	0.18	-0.09	0.20	-0.22	0.35	-0.35	1.29
DREVX	0.70	-0.02	0.00	-0.08	0.00	0.00	1.14	-1.67	3.74

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