Putman Absolute Correlations

PTRKX Fund

USD 8.29 0.03 0.36%

The current 90-days correlation between Putman Absolute Return and Blackrock Inflation Protected is 0.08 (i.e., Significant diversification). The correlation of Putman Absolute 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.

Check out Your Equity Center to better understand how to build diversified portfolios. 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 industry.

Moving together with Putman Mutual Fund

0.69	PEXTX	Putnam Tax Exempt	Pair Corr
0.71	PXMAX	Putnam Massachusetts Tax	Pair Corr
0.69	PXMNX	Putnam Minnesota Tax	Pair Corr
0.69	PXOHX	Putnam Ohio Tax	Pair Corr
0.89	PGBRX	Putnam Global Income	Pair Corr
0.89	PGGYX	Putnam Global Incm	Pair Corr
0.67	PGHAX	Putnam Global Health	Pair Corr
0.9	PGGDX	Putnam Global Income	Pair Corr
0.89	PGGEX	Putnam Global Income	Pair Corr
0.89	PGGLX	Putnam Global Incm	Pair Corr
0.89	PGGIX	Putnam Global Income	Pair Corr
0.78	PGLEX	Putnam Global Equity	Pair Corr
0.78	PGLRX	Putnam Global Equity	Pair Corr

Moving against Putman Mutual Fund

0.72	PFLRX	Putnam Floating Rate	Pair Corr
0.7	PFICX	Putnam Floating Rate	Pair Corr
0.7	PFLLX	Putnam Floating Rate	Pair Corr
0.69	PFRYX	Putnam Floating Rate	Pair Corr
0.69	PFRZX	Putnam Floating Rate	Pair Corr
0.58	PEYAX	Putnam Equity Income	Pair Corr
0.56	PGILX	Putnam Global Industrials	Pair Corr
0.52	PGIAX	Pnc Fds Gr	Pair Corr
0.52	PGIEX	Putnam Global Industrials	Pair Corr
0.52	PGIOX	Putnam Global Industrials	Pair Corr
0.51	PGODX	Putnam Growth Opport	Pair Corr
0.34	PGELX	George Putnam Balanced Potential Growth	Pair Corr
0.61	PYSVX	Putnam Small Cap	Pair Corr
0.52	PGWTX	Putnam Focused Equity	Pair Corr
0.51	PGOEX	Putnam Growth Opport	Pair Corr
0.51	PGORX	Putnam Growth Opport	Pair Corr
0.51	PGOYX	Putnam Growth Opport	Pair Corr
0.4	PGTRX	Putnam Global Technology	Pair Corr

Related Correlations Analysis

	BPRIX	ABNCX	HIPAX	GPMFX	WAFAX	FIBLX
BPRIX		0.97	0.95	0.77	0.99	0.94	BPRIX
ABNCX	0.97		0.96	0.78	0.96	0.95	ABNCX
HIPAX	0.95	0.96		0.78	0.95	0.99	HIPAX
GPMFX	0.77	0.78	0.78		0.82	0.74	GPMFX
WAFAX	0.99	0.96	0.95	0.82		0.93	WAFAX
FIBLX	0.94	0.95	0.99	0.74	0.93		FIBLX
	BPRIX	ABNCX	HIPAX	GPMFX	WAFAX	FIBLX

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Risk-Adjusted Indicators

There is a big difference between Putman Mutual Fund performing well and Putman Absolute 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 Putman Absolute'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
BPRIX	0.21	(0.02)	(1.67)	0.40	(0.51)	1.11
ABNCX	0.14	(0.01)	(0.53)	0.20	(0.30)	0.89
HIPAX	0.16	(0.03)	(0.33)	0.30	(0.30)	1.08
GPMFX	0.42	(0.09)	(0.11)	0.75	(0.89)	2.31
WAFAX	0.24	(0.02)	(1.06)	0.42	(0.53)	1.26
FIBLX	0.20	(0.02)	(0.35)	0.32	(0.43)	1.26

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Putman Absolute Correlations

Moving together with Putman Mutual Fund

Moving against Putman Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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