Putnam Multi-cap Correlations

Mutual Funds . USA . 
Fund . Putnam Multi Cap Value
PMPCX Fund  USD 15.75  0.18  1.13%   
The current 90-days correlation between Putnam Multi Cap and Prudential Real Estate is 0.06 (i.e., Significant diversification). The correlation of Putnam Multi-cap 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 Multi-cap Correlation With Market

Average diversification

The correlation between Putnam Multi Cap Value and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Putnam Multi Cap Value 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 Multi Cap Value. 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 main economic indicators.

Moving together with Putnam Mutual Fund

  0.96PEYAX Putnam Equity IncomePairCorr
  0.65PXMNX Putnam Minnesota TaxPairCorr
  0.66PGEYX George PutnamPairCorr
  0.65PGEJX George Putnam BalancedPairCorr
  0.66PGEOX George PutnamPairCorr
  0.66PGELX George Putnam BalancedPairCorr
  0.7PGEMX George PutnamPairCorr
  0.81PGHAX Putnam Global HealthPairCorr
  0.92PGIAX Pnc Fds GrPairCorr
  0.93PGIEX Putnam Global IndustrialsPairCorr
  0.93PGIOX Putnam Global IndustrialsPairCorr
  0.92PGILX Putnam Global IndustrialsPairCorr
  0.67PGPRX George PutnamPairCorr
  0.69PGPCX George PutnamPairCorr

Moving against Putnam Mutual Fund

  0.55PFICX Putnam Floating RatePairCorr
  0.55PFLRX Putnam Floating RatePairCorr
  0.55PFLLX Putnam Floating RatePairCorr
  0.54PFRYX Putnam Floating RatePairCorr
  0.54PFRZX Putnam Floating RatePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
NBRFX
+ 1.0
PJEAX
RRSCX
+ 0.99
PJEAX
RRSCX
+ 0.99
NBRFX
NRSCX
+ 0.99
NRSAX
NRSCX
+ 0.14
NBRFX
NRSCX
+ 0.11
PJEAX
  
High negative correlations   
FORFX
- 0.47
NBRFX
FORFX
- 0.47
PJEAX
RRSCX
- 0.45
FORFX
FORFX
- 0.1
NRSCX
VUVAF
- 0.0
RRSCX
VUVAF
- 0.0
FORFX

Risk-Adjusted Indicators

There is a big difference between Putnam Mutual Fund performing well and Putnam Multi-cap 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 Multi-cap'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.

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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY