PUTNAM GLOBAL Market Risk Adjusted Performance
| PHSRX Fund | | | USD 53.87 0.34 0.64% |
Market Risk-Adjusted Performance (MRAP) measures return relative to systematic risk (beta) rather than total risk (standard deviation). This isolates the return earned per unit of market exposure, filtering out idiosyncratic volatility that can be diversified away. Below is PUTNAM GLOBAL's current Market Risk Adjusted Performance with peer comparisons and related risk metrics.
Current Market Risk Adjusted Performance Value
With Market Risk Adjusted Performance at
-3.90, PUTNAM GLOBAL shows negative risk-adjusted return — volatility has not been compensated by returns. The magnitude indicates that PUTNAM GLOBAL's losses or underperformance are material relative to the risk taken.
MRAP | = | ER[a] + (1/BETA - 1) | X | ER[a] - RFR) |
| = | -3.90 | |
| ER[a] | = | Expected return on investing in PUTNAM GLOBAL |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
| BETA | = | Beta of the asset with market or selected benchmark. |
Market Risk Adjusted Performance Peers Comparison
Relative to peers, PUTNAM GLOBAL's Market Risk Adjusted Performance is below the group average of 0.22. Peer readings range from 0.1911 (Rationalpier 88 Convertible) to 0.2484 (Calamos Global Vertible), reflecting tight clustering across the sector. PUTNAM GLOBAL's risk-adjusted return trails the peer average, indicating less efficient compensation for the risk incurred.
Market Risk Adjusted Performance Relative To Other Indicators
The chart below plots Market Risk Adjusted Performance against Maximum Drawdown for Putnam Global and its peers. Each point represents one equity — position along the horizontal axis shows Market Risk Adjusted Performance while the vertical axis shows Maximum Drawdown. Equities that cluster in different quadrants carry distinct risk-return profiles. Use the dropdowns to swap in other indicators for either axis.
Compare PUTNAM GLOBAL to PeersMethodology, Assumptions & Data Sources
The current Market Risk Adjusted Performance for PUTNAM GLOBAL is -3.90. The Market Risk Adjusted Performance for PUTNAM GLOBAL applies a standardized calculation to daily closing prices and, where applicable, volume data across the selected period. Inputs are drawn from end-of-day closing prices reported by supported exchanges, adjusted for splits and dividends where applicable. PUTNAM GLOBAL operates in the health sector, which may exhibit distinct volatility and momentum characteristics relative to the broader market. The calculation assumes continuous price data across the selected period. All readings are presented as reference data.
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