Putnam Short Correlations

Mutual Funds . USA . 
Fund . Putnam Short Duration
PSDQX Fund  USD 10.13  0.00  0.00%   
The current 90-days correlation between Putnam Short Duration and Harbor Vertible Securities is -0.34 (i.e., Very good diversification). The correlation of Putnam Short 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 Short Correlation With Market

Good diversification

The correlation between Putnam Short Duration and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Putnam Short Duration 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 Short Duration. 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 producer price index.

Moving together with Putnam Mutual Fund

  0.72PEYAX Putnam Equity IncomePairCorr
  0.91PFLLX Putnam Floating RatePairCorr
  0.73PGEMX George PutnamPairCorr
  0.84PHAYX Putnam High YieldPairCorr
  0.81PMABX Putnam Massachusetts TaxPairCorr
  0.74PMYYX Putnam Multicap CorePairCorr
  0.63PNOYX Putnam Multi CapPairCorr
  0.63PNORX Putnam Multi CapPairCorr
  0.66PNOTX Putnam Sustainable FuturePairCorr
  0.64PNSAX Putnam Small CapPairCorr
  0.63PNSCX Putnam Small CapPairCorr
  0.76PNRAX Putnam ResearchPairCorr
  0.8PRCCX Putnam Convertible IncmPairCorr
  0.63PAARX Putnam Dynamic AssetPairCorr
  0.67PACJX Putnam RetirementPairCorr
  0.66PACSX Putnam RetirementPairCorr
  0.99PSDRX Putnam Short DurationPairCorr
  0.99PSDTX Putnam Short DurationPairCorr
  0.96PSDNX Putnam Ultra ShortPairCorr
  0.99PSDYX Putnam Short DurationPairCorr
  0.82PCTBX Putnam California TaxPairCorr
  0.71PEQCX Putnam Equity IncomePairCorr
  0.94PTSPX Pimco Short TermPairCorr
  0.94PTSHX Short Term FundPairCorr
  0.94PSFAX Short Term FundPairCorr
  0.95PTSRX Short Term FundPairCorr
  0.98LUSNX Lord Abbett UltraPairCorr

Moving against Putnam Mutual Fund

  0.8PGHAX Putnam Global HealthPairCorr
  0.75PNSBX Putnam Small CapPairCorr
  0.65POVBX Putnam InternationalPairCorr
  0.55PUSYX Putnam U SPairCorr
  0.49HLDCX Hartford EmergingPairCorr
  0.46HLDRX Hartford EmergingPairCorr
  0.46HLDAX Hartford EmergingPairCorr
  0.45HLDIX Hartford EmergingPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Putnam Mutual Fund performing well and Putnam Short 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 Short'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