Putnam Equity Correlations

PEYAX Fund

USD 40.40 0.18 0.45%

The current 90-days correlation between Putnam Equity Income and American Funds 2050 is 0.26 (i.e., Modest diversification). The correlation of Putnam Equity 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.

Putnam Equity Correlation With Market

Almost no diversification

The correlation between Putnam Equity Income and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Putnam Equity Income 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 Putnam Equity Income. 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 Putnam Mutual Fund

0.96	TEBIX	Franklin Mutual Beacon	Pair Corr
0.77	TEDMX	Templeton Developing	Pair Corr
0.95	TEDIX	Franklin Mutual Global	Pair Corr
0.99	TEMIX	Franklin Mutual European	Pair Corr
0.91	SAIFX	Clearbridge Large Cap	Pair Corr
0.88	SAGYX	Clearbridge Aggressive	Pair Corr
0.73	TEMZX	Templeton Emerging	Pair Corr
0.79	FQEMX	Franklin Templeton Smacs Steady Growth	Pair Corr
0.97	TEQIX	Franklin Mutual Quest	Pair Corr
0.9	TEPLX	Templeton Growth	Pair Corr
0.97	TESIX	Franklin Mutual Shares	Pair Corr
0.97	TEURX	Franklin Mutual European	Pair Corr
0.94	LGIEX	Qs International Equity	Pair Corr
0.85	WAADX	Western Asset Smash	Pair Corr
0.91	TFESX	International Equity	Pair Corr
0.88	TFEQX	International Equity	Pair Corr
0.84	FRAAX	Franklin Growth Oppo	Pair Corr
0.9	FRBRX	Franklin Biotechnology	Pair Corr
0.86	FRDPX	Franklin Rising Dividends	Pair Corr
0.92	FREIX	Franklin Equity Income	Pair Corr
0.91	PGIAX	Pnc Fds Gr	Pair Corr
0.9	PGIEX	Putnam Global Industrials	Pair Corr
0.84	FRDAX	Franklin Rising Dividends	Pair Corr
0.95	FRGOX	Franklin Gold Precious Steady Growth	Pair Corr
0.89	FRMCX	Franklin Microcap Value	Pair Corr
0.86	PGSIX	Putnam U S	Pair Corr
0.78	SBSPX	Qs Sp 500	Pair Corr
0.94	FRNRX	Franklin Natural Res	Pair Corr
0.65	FRSTX	Franklin Strategic Income	Pair Corr
0.89	FRTSX	Franklin Lifesmart 2020	Pair Corr
0.88	SCGRX	Qs Moderate Growth	Pair Corr
0.78	FSERX	Franklin Real Estate	Pair Corr
0.85	PHSTX	Putnam Global Health	Pair Corr
0.95	FBLAX	Franklin Balanced	Pair Corr

Moving against Putnam Mutual Fund

0.72	PGEOX	George Putnam	Pair Corr
0.45	WAFAX	Western Asset Inflation	Pair Corr

Related Correlations Analysis

	ANFFX	MDIZX	MDIDX	RNNEX	CDDRX	CDDYX	FATTX	RBHTX	AAHTX	FAITX
ANFFX		0.91	0.91	0.88	0.93	0.89	0.88	0.88	0.86	0.88	ANFFX
MDIZX	0.91		0.98	0.94	0.91	0.95	0.96	0.96	0.93	0.96	MDIZX
MDIDX	0.91	0.98		0.92	0.89	0.92	0.93	0.93	0.96	0.93	MDIDX
RNNEX	0.88	0.94	0.92		0.83	0.89	0.98	0.98	0.93	0.98	RNNEX
CDDRX	0.93	0.91	0.89	0.83		0.96	0.87	0.87	0.86	0.87	CDDRX
CDDYX	0.89	0.95	0.92	0.89	0.96		0.94	0.93	0.9	0.94	CDDYX
FATTX	0.88	0.96	0.93	0.98	0.87	0.94		1.0	0.95	1.0	FATTX
RBHTX	0.88	0.96	0.93	0.98	0.87	0.93	1.0		0.94	1.0	RBHTX
AAHTX	0.86	0.93	0.96	0.93	0.86	0.9	0.95	0.94		0.94	AAHTX
FAITX	0.88	0.96	0.93	0.98	0.87	0.94	1.0	1.0	0.94		FAITX
	ANFFX	MDIZX	MDIDX	RNNEX	CDDRX	CDDYX	FATTX	RBHTX	AAHTX	FAITX

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Risk-Adjusted Indicators

There is a big difference between Putnam Mutual Fund performing well and Putnam Equity 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 Equity'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
ANFFX	0.93	0.28	0.18	0.50	0.83	(0.96)	1.81	(2.06)	12.62
MDIZX	0.49	0.09	0.11	0.23	0.35	(0.55)	1.18	(0.79)	2.30
MDIDX	0.47	0.10	0.07	0.69	0.37	(0.53)	1.06	(0.81)	2.25
RNNEX	0.78	0.09	0.06	0.17	1.06	(0.75)	1.70	(2.08)	4.69
CDDRX	0.53	0.09	0.13	0.18	0.33	(0.66)	1.08	(0.95)	5.84
CDDYX	0.47	0.04	0.03	0.13	0.43	(0.56)	0.97	(0.95)	2.63
FATTX	0.50	0.04	0.02	0.12	0.57	(0.52)	0.96	(1.14)	2.90
RBHTX	0.50	0.03	0.01	0.12	0.57	(0.52)	0.94	(1.17)	2.94
AAHTX	0.50	0.06	(0.01)	0.53	0.62	(0.51)	0.95	(1.17)	2.96
FAITX	0.52	0.03	0.02	0.12	0.61	(0.53)	1.02	(1.20)	3.03

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