Prudential Floating Correlations

Mutual Funds . USA . 
Fund . Prudential Floating Rate
PFRIX Fund  USD 9.03  0.01  0.11%   
The current 90-days correlation between Prudential Floating Rate and Deutsche Real Estate is 0.47 (i.e., Very weak diversification). The correlation of Prudential Floating 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 Floating Correlation With Market

Very weak diversification

The correlation between Prudential Floating Rate and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Prudential Floating Rate 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 Floating Rate. 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 gross domestic product.

Moving together with Prudential Mutual Fund

  0.9PWJQX Prudential JennisonPairCorr
  0.9PWJRX Prudential JennisonPairCorr
  0.9PWJBX Pgim Jennison InternPairCorr
  0.84PWJDX Pgim Jennison InternPairCorr
  0.97HYSQX Prudential Short DurationPairCorr
  0.72EMDQX Prudential EmergingPairCorr
  0.86PFSQX Prudential JennisonPairCorr
  0.8PGJQX Prudential JennisonPairCorr
  0.9PGKCX Pgim Jennison TechnologyPairCorr
  0.9PGKAX Pgim Jennison TechnologyPairCorr
  0.88PGKRX Pgim Jennison TechnologyPairCorr
  0.83PGRQX Prudential Global RealPairCorr
  0.87SCFQX Pgim Securitized CreditPairCorr
  0.87SCFOX Pgim Securitized CreditPairCorr
  0.94SCFZX Pgim Securitized CreditPairCorr
  0.87SCFVX Pgim Securitized CreditPairCorr
  0.91PHYGX Pgim High YieldPairCorr
  0.94PHYQX Prudential High YieldPairCorr
  0.91SUVQX Prudential Qma StrategicPairCorr
  0.93PIBQX Prudential BalancedPairCorr
  0.89JSCRX Prudential Jennison SmallPairCorr
  0.61PIFEX Prudential Short TermPairCorr
  0.65PIFGX Prudential Short TermPairCorr
  0.76SDMQX Prudential Short DurationPairCorr
  0.9SDVRX Prudential Qma MidPairCorr
  0.91PJDQX Pgim Jennison RisingPairCorr
  0.87PJFPX Prudential JennisonPairCorr
  0.88PJFQX Prudential JennisonPairCorr
  0.88PJFOX Prudential JennisonPairCorr
  0.83PJEQX Prudential Real EstatePairCorr
  0.89PJERX Prudential JennisonPairCorr
  0.89PJIQX Prudential JennisonPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Prudential Mutual Fund performing well and Prudential Floating 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 Floating'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY