Putnam International Correlations
| PGNBX Fund | USD 14.78 0.00 0.00% |
The correlation of Putnam International 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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Risk-Adjusted Indicators
There is a big difference between Putnam Mutual Fund performing well and Putnam International 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 International'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FLMTX | 0.27 | 0.01 | 0.00 | (0.04) | 0.00 | 0.57 | 1.72 | |||
| WMBFX | 0.34 | (0.03) | 0.00 | 0.12 | 0.00 | 0.58 | 2.42 | |||
| PGFCX | 0.28 | (0.04) | 0.00 | 0.19 | 0.00 | 0.67 | 1.83 | |||
| RRPPX | 0.33 | 0.04 | 0.16 | 0.03 | 0.45 | 0.62 | 2.13 | |||
| BIMPX | 0.34 | (0.01) | 0.13 | 0.02 | 0.44 | 0.70 | 2.39 | |||
| URFRX | 0.46 | (0.01) | 0.00 | (0.09) | 0.00 | 0.82 | 4.24 | |||
| SMSIX | 0.20 | 0.02 | 0.24 | 0.04 | 0.23 | 0.42 | 1.25 |