Prudential Total Correlations

PDBZX Fund

USD 12.26 0.01 0.08%

The current 90-days correlation between Prudential Total Return and Prudential Total Return is 0.97 (i.e., Almost no diversification). The correlation of Prudential Total 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 Total Correlation With Market

Very good diversification

The correlation between Prudential Total Return and DJI is -0.22 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Prudential Total Return 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 Total Return. 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 nation.

Moving together with Prudential Mutual Fund

0.99	DOXIX	Dodge Cox Income	Pair Corr
1.0	MWTNX	Metropolitan West Total	Pair Corr
1.0	MWTSX	Metropolitan West Total	Pair Corr
1.0	PTTPX	Pimco Total Return	Pair Corr
1.0	PTRRX	Total Return	Pair Corr
1.0	PTRAX	Total Return	Pair Corr
1.0	PTTRX	Total Return	Pair Corr
1.0	FIWGX	Strategic Advisers	Pair Corr
0.99	DODIX	Dodge Income	Pair Corr
1.0	MWTIX	Metropolitan West Total	Pair Corr
0.76	SMPSX	Semiconductor Ultrasector	Pair Corr
0.76	SMPIX	Semiconductor Ultrasector	Pair Corr
0.75	RSNRX	Victory Global Natural	Pair Corr
0.75	RSNYX	Victory Global Natural	Pair Corr
0.75	RGNCX	Victory Global Natural	Pair Corr
0.88	FAUTX	American Funds 2040	Pair Corr
0.83	POSKX	Primecap Odyssey Stock	Pair Corr
0.77	PVFAX	Paradigm Value	Pair Corr
0.82	RYATX	Nasdaq 100 Fund	Pair Corr
0.66	WMT	Walmart	Pair Corr
0.75	JNJ	Johnson Johnson	Pair Corr
0.65	BAC	Bank of America	Pair Corr
0.71	AXP	American Express	Pair Corr
0.62	JPM	JPMorgan Chase	Pair Corr
0.71	INTC	Intel	Pair Corr

Moving against Prudential Mutual Fund

0.58	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.57	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr
0.57	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.57	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.57	MLPLX	Oppenheimer Steelpath Mlp	Pair Corr
0.67	KO	Coca Cola Earnings Call This Week	Pair Corr
0.66	DIS	Walt Disney	Pair Corr
0.65	BA	Boeing	Pair Corr
0.34	PG	Procter Gamble Earnings Call This Week	Pair Corr

Related Correlations Analysis

	PTRQX	PRILX	HACAX	FAJTX	HNACX	HRCAX	TWCUX	TWUIX	TWCCX	IBFFX
PTRQX		0.34	0.8	0.87	0.8	0.8	0.86	0.86	0.85	0.99	PTRQX
PRILX	0.34		0.72	0.63	0.72	0.72	0.62	0.62	0.63	0.29	PRILX
HACAX	0.8	0.72		0.96	1.0	1.0	0.97	0.97	0.97	0.74	HACAX
FAJTX	0.87	0.63	0.96		0.96	0.95	0.98	0.98	0.98	0.83	FAJTX
HNACX	0.8	0.72	1.0	0.96		1.0	0.97	0.97	0.97	0.74	HNACX
HRCAX	0.8	0.72	1.0	0.95	1.0		0.97	0.97	0.97	0.74	HRCAX
TWCUX	0.86	0.62	0.97	0.98	0.97	0.97		1.0	1.0	0.81	TWCUX
TWUIX	0.86	0.62	0.97	0.98	0.97	0.97	1.0		1.0	0.81	TWUIX
TWCCX	0.85	0.63	0.97	0.98	0.97	0.97	1.0	1.0		0.81	TWCCX
IBFFX	0.99	0.29	0.74	0.83	0.74	0.74	0.81	0.81	0.81		IBFFX
	PTRQX	PRILX	HACAX	FAJTX	HNACX	HRCAX	TWCUX	TWUIX	TWCCX	IBFFX

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Risk-Adjusted Indicators

There is a big difference between Prudential Mutual Fund performing well and Prudential Total 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 Total'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
PTRQX	0.20	0.05	(0.01)	(0.60)	0.00	(0.26)	0.50	(0.25)	1.09
PRILX	0.49	0.03	(0.05)	(0.06)	0.68	(0.51)	1.13	(0.95)	3.88
HACAX	0.65	0.07	0.00	(0.17)	0.99	(0.64)	1.33	(1.28)	5.33
FAJTX	0.43	0.08	0.03	(0.35)	0.50	(0.48)	1.21	(0.61)	3.83
HNACX	0.66	0.07	0.00	(0.17)	0.95	(0.64)	1.34	(1.29)	5.33
HRCAX	0.65	0.07	0.00	(0.16)	0.97	(0.64)	1.33	(1.29)	5.33
TWCUX	0.67	0.11	0.04	(0.30)	0.90	(0.70)	1.29	(1.38)	5.16
TWUIX	0.66	0.11	0.04	(0.30)	0.90	(0.70)	1.29	(1.38)	5.15
TWCCX	0.66	0.10	0.04	(0.29)	0.90	(0.70)	1.29	(1.37)	5.16
IBFFX	0.14	0.03	(0.15)	(0.31)	0.00	(0.19)	0.32	(0.24)	1.04

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