Pgim Securitized Correlations

SCFVX Fund

USD 9.77 0.01 0.10%

The current 90-days correlation between Pgim Securitized Credit and The National Tax Free is 0.1 (i.e., Average 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

Modest diversification

The correlation between Pgim Securitized Credit and DJI is 0.2 (i.e., Modest 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.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Pgim Securitized Credit. 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 unemployment.

Moving together with Pgim Mutual Fund

0.79	EMDQX	Prudential Emerging	Pair Corr
0.68	PGIQX	Prudential Government	Pair Corr
0.99	SCFQX	Pgim Securitized Credit	Pair Corr
0.99	SCFOX	Pgim Securitized Credit	Pair Corr
0.99	SCFZX	Pgim Securitized Credit	Pair Corr
0.74	PHEQX	Prudential Global Total	Pair Corr
0.83	PHIQX	Prudential Muni High	Pair Corr
0.93	PHLQX	Prudential Health	Pair Corr
0.79	SUVQX	Prudential Qma Strategic	Pair Corr
0.71	PIBQX	Prudential Balanced	Pair Corr
0.88	PIFEX	Prudential Short Term	Pair Corr
0.9	PIFGX	Prudential Short Term	Pair Corr
0.92	SDMQX	Prudential Short Duration	Pair Corr
0.82	PJDQX	Pgim Jennison Rising	Pair Corr
0.8	PJERX	Prudential Jennison	Pair Corr
0.93	PJHRX	Prudential Health	Pair Corr
0.81	PJIQX	Prudential Jennison	Pair Corr

Moving against Pgim Mutual Fund

0.61	PWJRX	Prudential Jennison	Pair Corr
0.61	PWJBX	Pgim Jennison Intern	Pair Corr
0.6	PWJQX	Prudential Jennison	Pair Corr
0.6	PWJDX	Pgim Jennison Intern	Pair Corr
0.49	PFSQX	Prudential Jennison	Pair Corr
0.32	PGTQX	Prudential Global Total	Pair Corr
0.62	JDERX	Prudential Jennison Mid	Pair Corr
0.61	PJGQX	Prudential Jennison Mid	Pair Corr

Related Correlations Analysis

	CFNLX	TBGAX	NHCCX	BBINX	PBNAX	GHVIX
CFNLX		0.99	0.96	0.99	0.85	0.59	CFNLX
TBGAX	0.99		0.98	0.99	0.84	0.6	TBGAX
NHCCX	0.96	0.98		0.97	0.82	0.52	NHCCX
BBINX	0.99	0.99	0.97		0.83	0.56	BBINX
PBNAX	0.85	0.84	0.82	0.83		0.65	PBNAX
GHVIX	0.59	0.6	0.52	0.56	0.65		GHVIX
	CFNLX	TBGAX	NHCCX	BBINX	PBNAX	GHVIX

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
CFNLX	0.09	0.03	(0.41)	3.75	0.00	(0.14)	0.27	(0.11)	0.65
TBGAX	0.13	0.05	(0.15)	27.63	0.00	(0.20)	0.38	(0.18)	0.95
NHCCX	0.18	0.06	(0.03)	6.66	0.00	(0.26)	0.57	(0.28)	1.59
BBINX	0.08	0.02	(0.36)	1.46	0.00	(0.16)	0.29	(0.10)	0.59
PBNAX	0.15	0.01	(0.26)	1.25	0.05	(0.19)	0.34	(0.25)	1.01
GHVIX	0.13	0.00	(0.30)	0.09	0.00	(0.16)	0.28	(0.22)	0.78

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