George Putnam Correlations

PGEYX Fund

USD 26.98 0.07 0.26%

The current 90-days correlation between George Putnam and Putnam Equity Income is 0.8 (i.e., Very poor diversification). 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.

George Putnam Correlation With Market

Poor diversification

The correlation between George Putnam Fund and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding George Putnam Fund 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 George Putnam Fund. 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 manufacturing.

Moving together with George Mutual Fund

0.94	PEYAX	Putnam Equity Income	Pair Corr
0.77	PFICX	Putnam Floating Rate	Pair Corr
0.9	PFJAX	Putnam High Yield	Pair Corr
0.77	PFLRX	Putnam Floating Rate	Pair Corr
0.76	PFLLX	Putnam Floating Rate	Pair Corr
0.76	PFRYX	Putnam Floating Rate	Pair Corr
0.76	PFRZX	Putnam Floating Rate	Pair Corr
0.76	PGFMX	Putnam Global Financials	Pair Corr
1.0	PGEJX	George Putnam Balanced	Pair Corr
1.0	PGEOX	George Putnam	Pair Corr
1.0	PGELX	George Putnam Balanced	Pair Corr
1.0	PGEMX	George Putnam	Pair Corr
0.97	PGIAX	Pnc Fds Gr	Pair Corr
0.97	PGIEX	Putnam Global Industrials	Pair Corr
0.97	PGIOX	Putnam Global Industrials	Pair Corr
0.97	PGILX	Putnam Global Industrials	Pair Corr
0.96	PGODX	Putnam Growth Opport	Pair Corr
0.96	PGOEX	Putnam Growth Opport	Pair Corr
1.0	PGPRX	George Putnam	Pair Corr
0.96	PGORX	Putnam Growth Opport	Pair Corr
0.96	PGOYX	Putnam Growth Opport	Pair Corr
1.0	PGPCX	George Putnam	Pair Corr

Moving against George Mutual Fund

0.51	PGBRX	Putnam Global Income	Pair Corr
0.4	PGEBX	George Putnam	Pair Corr
0.69	PGHAX	Putnam Global Health	Pair Corr
0.51	PGGLX	Putnam Global Incm	Pair Corr
0.5	PGGIX	Putnam Global Income	Pair Corr
0.49	PGGYX	Putnam Global Incm	Pair Corr
0.47	PGGDX	Putnam Global Income	Pair Corr
0.47	PGGEX	Putnam Global Income	Pair Corr
0.59	PGVCX	Putnam U S	Pair Corr
0.59	PGVRX	Putnam U S	Pair Corr
0.57	PGSIX	Putnam U S	Pair Corr

Related Correlations Analysis

	PEYAX	PEXTX	PFICX	PFJAX	PFLRX	PFLLX	PFRBX	PFRYX	PFRZX	PXMAX
PEYAX		-0.29	0.83	0.79	0.84	0.82	0.34	0.83	0.82	-0.34	PEYAX
PEXTX	-0.29		-0.34	0.17	-0.35	-0.33	0.26	-0.33	-0.33	0.99	PEXTX
PFICX	0.83	-0.34		0.68	0.99	0.99	0.54	0.99	0.99	-0.39	PFICX
PFJAX	0.79	0.17	0.68		0.69	0.69	0.6	0.69	0.69	0.11	PFJAX
PFLRX	0.84	-0.35	0.99	0.69		0.99	0.51	1.0	0.99	-0.39	PFLRX
PFLLX	0.82	-0.33	0.99	0.69	0.99		0.56	1.0	1.0	-0.38	PFLLX
PFRBX	0.34	0.26	0.54	0.6	0.51	0.56		0.55	0.55	0.2	PFRBX
PFRYX	0.83	-0.33	0.99	0.69	1.0	1.0	0.55		1.0	-0.38	PFRYX
PFRZX	0.82	-0.33	0.99	0.69	0.99	1.0	0.55	1.0		-0.38	PFRZX
PXMAX	-0.34	0.99	-0.39	0.11	-0.39	-0.38	0.2	-0.38	-0.38		PXMAX
	PEYAX	PEXTX	PFICX	PFJAX	PFLRX	PFLLX	PFRBX	PFRYX	PFRZX	PXMAX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

PFRYX	+ 1.0	PFLRX
PFRYX	+ 1.0	PFLLX
PFRZX	+ 1.0	PFLLX
PFRZX	+ 1.0	PFRYX
PXMAX	+ 0.99	PEXTX
PFLRX	+ 0.99	PFICX

High negative correlations

PXMAX	- 0.39	PFLRX
PXMAX	- 0.39	PFICX
PXMAX	- 0.38	PFRZX
PXMAX	- 0.38	PFRYX
PXMAX	- 0.38	PFLLX
PFLRX	- 0.35	PEXTX

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
PEYAX	0.50	0.00	(0.06)	0.11	0.39	(0.60)	1.08	(0.95)	3.16
PEXTX	0.17	0.01	(0.27)	0.02	0.27	(0.23)	0.38	(0.38)	1.78
PFICX	0.08	0.02	(0.74)	0.63	0.00	(0.23)	0.25	(0.13)	0.76
PFJAX	0.10	0.01	(0.41)	0.21	0.00	(0.21)	0.19	(0.19)	0.75
PFLRX	0.07	0.02	0.00	1.93	0.00	0.00	0.13	0.00	0.76
PFLLX	0.07	0.02	0.00	1.46	0.00	0.00	0.13	0.00	0.76
PFRBX	0.03	0.00	0.00	0.18	0.00	0.00	0.00	0.00	0.76
PFRYX	0.08	0.02	0.00	1.13	0.00	0.00	0.13	(0.13)	0.89
PFRZX	0.08	0.02	(0.72)	0.90	0.00	(0.28)	0.25	(0.13)	0.76
PXMAX	0.14	0.01	(0.32)	0.06	0.23	(0.19)	0.33	(0.33)	1.44

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

2024 Macroaxis LLC