Putnam U Correlations

PGSBX Fund

USD 8.68 0.00 0.00%

The current 90-days correlation between Putnam U S and George Putnam Fund is -0.09 (i.e., Good diversification). The correlation of Putnam U 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 U Correlation With Market

Good diversification

The correlation between Putnam U S and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Putnam U S 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 U S. 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 bureau of labor statistics.

Moving together with PUTNAM Mutual Fund

0.64	PFJAX	Putnam High Yield	Pair Corr
0.73	PFRBX	Putnam Floating Rate	Pair Corr
0.97	PGLBX	Putnam Global Income	Pair Corr

Moving against PUTNAM Mutual Fund

0.8	PGEBX	George Putnam	Pair Corr
0.45	PGHAX	Putnam Global Health	Pair Corr
0.88	PHSBX	Putnam Global Health	Pair Corr
0.45	PHSRX	Putnam Global Health	Pair Corr
0.45	PHSYX	Putnam Global Health	Pair Corr
0.45	PHSTX	Putnam Global Health	Pair Corr
0.38	PGNBX	Putnam International	Pair Corr
0.37	PIERX	Putnam International	Pair Corr

Related Correlations Analysis

	PGEOX	PEYAX	POVSX	AQUI	MSTSX	LBHIX	VIASP	RRTLX	OSHDF	70082LAB3
PGEOX		0.94	-0.38	0.0	0.82	0.76	0.33	0.83	0.38	0.42	PGEOX
PEYAX	0.94		-0.5	0.0	0.72	0.66	0.46	0.7	0.49	0.52	PEYAX
POVSX	-0.38	-0.5		0.0	0.03	-0.31	-0.65	0.15	-0.72	-0.6	POVSX
AQUI	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	AQUI
MSTSX	0.82	0.72	0.03	0.0		0.69	-0.11	0.87	-0.02	0.19	MSTSX
LBHIX	0.76	0.66	-0.31	0.0	0.69		0.15	0.72	0.26	0.09	LBHIX
VIASP	0.33	0.46	-0.65	0.0	-0.11	0.15		0.0	0.78	0.47	VIASP
RRTLX	0.83	0.7	0.15	0.0	0.87	0.72	0.0		0.05	0.01	RRTLX
OSHDF	0.38	0.49	-0.72	0.0	-0.02	0.26	0.78	0.05		0.35	OSHDF
70082LAB3	0.42	0.52	-0.6	0.0	0.19	0.09	0.47	0.01	0.35		70082LAB3
	PGEOX	PEYAX	POVSX	AQUI	MSTSX	LBHIX	VIASP	RRTLX	OSHDF	70082LAB3

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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

PEYAX	+ 0.94	PGEOX
RRTLX	+ 0.87	MSTSX
RRTLX	+ 0.83	PGEOX
MSTSX	+ 0.82	PGEOX
OSHDF	+ 0.78	VIASP
LBHIX	+ 0.76	PGEOX

High negative correlations

OSHDF	- 0.72	POVSX
VIASP	- 0.65	POVSX
70082LAB3	- 0.6	POVSX
POVSX	- 0.5	PEYAX
POVSX	- 0.38	PGEOX
LBHIX	- 0.31	POVSX

Risk-Adjusted Indicators

There is a big difference between PUTNAM Mutual Fund performing well and Putnam U 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 U'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
PGEOX	0.38	0.00	(0.12)	0.11	0.39	(0.41)	0.84	(0.90)	2.29
PEYAX	0.50	0.00	(0.06)	0.11	0.39	(0.60)	1.08	(0.95)	3.16
POVSX	0.64	(0.15)	0.00	(0.13)	0.00	0.00	1.23	(1.51)	3.84
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MSTSX	0.48	(0.04)	(0.13)	0.06	0.50	(0.59)	1.21	(1.02)	2.80
LBHIX	0.11	0.01	(0.41)	0.46	0.00	(0.29)	0.24	(0.24)	0.96
VIASP	0.72	0.00	(0.02)	0.00	1.05	(0.80)	2.28	(1.15)	7.18
RRTLX	0.24	(0.02)	(0.31)	0.05	0.24	(0.27)	0.56	(0.56)	1.37
OSHDF	39.65	20.22	0.00	(24.88)	0.00	0.00	0.00	0.00	1,329
70082LAB3	1.00	0.07	(0.04)	(0.12)	2.25	(1.07)	1.75	(1.69)	24.27

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