Putnam Equity Correlations

Mutual Funds . USA . 
Fund . Putnam Equity Income
PEYAX Fund  USD 41.31  0.23  0.56%   
The current 90-days correlation between Putnam Equity Income and American Funds 2050 is 0.11 (i.e., Average 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 0.93 (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

  0.99TEBIX Franklin Mutual BeaconPairCorr
  0.91TEDMX Templeton DevelopingPairCorr
  0.99TEDIX Franklin Mutual GlobalPairCorr
  0.99TEDSX Franklin Mutual GlobalPairCorr
  0.97TEDRX Franklin Mutual GlobalPairCorr
  0.95TEFRX Templeton ForeignPairCorr
  0.96TEFTX Templeton ForeignPairCorr
  0.84TEGBX Templeton Global BondPairCorr
  0.89TEGRX Templeton GrowthPairCorr
  0.96TEMFX Templeton ForeignPairCorr
  0.97TEMGX Templeton Global SmallerPairCorr
  0.99TEMEX Franklin Mutual BeaconPairCorr
  0.87TEMMX Templeton EmergingPairCorr
  0.99TEMIX Franklin Mutual EuropeanPairCorr
  0.83TEMWX Templeton WorldPairCorr
  0.99TEMTX Franklin Mutual SharesPairCorr
  0.99TEMQX Mutual QuestPairCorr
  0.64PFICX Putnam Floating RatePairCorr
  0.85FQCTX Franklin Necticut TaxPairCorr
  0.93SAIFX Clearbridge Large CapPairCorr
  0.7SAGYX Clearbridge AggressivePairCorr
  0.87TEMZX Templeton EmergingPairCorr
  0.92FQCHX Franklin Templeton SmacsPairCorr
  0.91FQEMX Franklin Templeton SmacsPairCorr
  0.99TEQIX Franklin Mutual QuestPairCorr
  0.93TEPLX Templeton GrowthPairCorr
  0.86TWDAX Templeton WorldPairCorr
  0.98TESIX Franklin Mutual SharesPairCorr
  0.95TESGX Templeton Global SmallerPairCorr
  0.96TESRX Franklin Mutual SharesPairCorr
  0.72PFLRX Putnam Floating RatePairCorr
  0.94LGGAX Clearbridge InternationalPairCorr
  0.98TEURX Franklin Mutual EuropeanPairCorr
  0.95LGIEX Qs International EquityPairCorr
  0.9FQLAX Franklin Louisiana TaxPairCorr
  0.82TEWTX Templeton WorldPairCorr
  0.86SAPYX Clearbridge AppreciationPairCorr
  0.88SASMX Clearbridge Small CapPairCorr
  0.88FQNCX Franklin North CarolinaPairCorr

Related Correlations Analysis


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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
ANFFX  0.83  0.02  0.01  0.06  1.19 
(0.72)
 1.72 
(1.81)
 4.54 
MDIZX  0.51  0.10  0.13  0.20  0.46 
(0.55)
 1.19 
(1.05)
 2.51 
MDIDX  0.51  0.12  0.13 (6.43) 0.46 
(0.54)
 1.17 
(1.07)
 2.51 
RNNEX  0.82  0.02  0.01  0.06  1.16 
(0.74)
 1.70 
(1.82)
 4.55 
CDDRX  0.54  0.14  0.22  0.21  0.29 
(0.67)
 1.14 
(0.96)
 5.84 
CDDYX  0.48  0.09  0.13  0.17  0.40 
(0.57)
 1.12 
(0.95)
 2.80 
FATTX  0.51  0.03  0.02  0.07  0.64 
(0.53)
 0.96 
(1.14)
 2.99 
RBHTX  0.52  0.02  0.02  0.07  0.64 
(0.53)
 0.94 
(1.17)
 3.07 
AAHTX  0.51  0.05  0.02 (1.70) 0.66 
(0.52)
 0.95 
(1.17)
 3.00 
FAITX  0.53  0.02  0.02  0.07  0.66 
(0.55)
 1.02 
(1.20)
 3.16 

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