Putnam Dynamic Correlations

The correlation of Putnam Dynamic 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.

Check out Your Equity Center to better understand how to build diversified portfolios. 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 services.

Moving together with Putnam Mutual Fund

0.63	FASIX	Fidelity Asset Manager	Pair Corr
0.63	FTIWX	Fidelity Asset Manager	Pair Corr
0.7	FTDWX	Fidelity Asset Manager	Pair Corr
0.7	FTAWX	Fidelity Asset Manager	Pair Corr
0.64	FIKVX	Fidelity Asset Manager	Pair Corr
0.66	FTCWX	Fidelity Asset Manager	Pair Corr
0.7	VASIX	Vanguard Lifestrategy	Pair Corr
0.62	PFIPX	Strategic Asset Mana	Pair Corr
0.75	SMPIX	Semiconductor Ultrasector	Pair Corr
0.72	SMPSX	Semiconductor Ultrasector	Pair Corr
0.76	VIDGX	Vanguard Whitehall Funds	Pair Corr
0.73	BSCRX	Brandes Small Cap	Pair Corr
0.68	WFCPX	Wells Fargo	Pair Corr
0.83	JABVX	John Hancock Global	Pair Corr
0.77	AAEUX	American Century One	Pair Corr

Related Correlations Analysis

	HNLVX	ACCIX	OWLSX	RHSAX	LBISX	PLAAX
HNLVX		0.99	0.83	0.92	0.89	0.94	HNLVX
ACCIX	0.99		0.9	0.92	0.9	0.92	ACCIX
OWLSX	0.83	0.9		0.83	0.77	0.74	OWLSX
RHSAX	0.92	0.92	0.83		0.8	0.9	RHSAX
LBISX	0.89	0.9	0.77	0.8		0.88	LBISX
PLAAX	0.94	0.92	0.74	0.9	0.88		PLAAX
	HNLVX	ACCIX	OWLSX	RHSAX	LBISX	PLAAX

Risk-Adjusted Indicators

There is a big difference between Putnam Mutual Fund performing well and Putnam Dynamic 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 Putnam Dynamic'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
HNLVX	0.99	0.42	0.64	0.47	0.00	(1.19)	1.29	(0.95)	26.68
ACCIX	0.33	0.05	0.06	0.16	0.15	(0.46)	0.56	(0.55)	4.35
OWLSX	0.50	0.00	(0.02)	0.04	0.70	(0.50)	0.96	(1.02)	3.52
RHSAX	1.30	0.08	0.03	0.51	1.70	(1.45)	2.84	(2.65)	16.01
LBISX	0.74	0.28	0.46	0.28	0.00	(0.98)	1.33	(1.07)	14.68
PLAAX	1.25	0.43	0.32	(0.85)	0.63	(1.52)	1.43	(1.92)	37.01

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Putnam Dynamic Correlations

Moving together with Putnam Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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