George Putnam Correlations
| PGEBX Fund | USD 25.23 0.00 0.00% |
The correlation of George Putnam 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.
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Related Correlations Analysis
| 0.81 | 0.84 | 0.87 | 0.93 | MXBPX | ||
| 0.81 | 0.93 | 0.97 | 0.9 | TCTZX | ||
| 0.84 | 0.93 | 0.98 | 0.86 | CMACX | ||
| 0.87 | 0.97 | 0.98 | 0.9 | JLMOX | ||
| 0.93 | 0.9 | 0.86 | 0.9 | CMATX | ||
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Risk-Adjusted Indicators
There is a big difference between George Mutual Fund performing well and George Putnam 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 George Putnam'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MXBPX | 0.38 | 0.00 | (0.07) | 0.06 | 0.49 | 1.01 | 3.25 | |||
| TCTZX | 0.26 | 0.02 | (0.11) | 3.43 | 0.32 | 0.61 | 1.95 | |||
| CMACX | 0.38 | 0.01 | (0.09) | 0.33 | 0.60 | 0.73 | 2.88 | |||
| JLMOX | 0.28 | 0.01 | (0.13) | 0.55 | 0.37 | 0.64 | 2.20 | |||
| CMATX | 0.39 | 0.01 | (0.06) | 0.11 | 0.50 | 0.94 | 3.48 |