Putnam Floating Correlations

PFLLX Fund

USD 7.96 0.01 0.13%

The current 90-days correlation between Putnam Floating Rate and Wesmark Government Bond is 0.2 (i.e., Modest diversification). The correlation of Putnam Floating 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 Floating Correlation With Market

Weak diversification

The correlation between Putnam Floating Rate and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Putnam Floating Rate 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 Floating Rate. 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 economic analysis.

Moving together with Putnam Mutual Fund

0.67	PEYAX	Putnam Equity Income	Pair Corr
1.0	PFICX	Putnam Floating Rate	Pair Corr
0.97	PFJAX	Putnam High Yield	Pair Corr
0.65	PFLRX	Putnam Floating Rate	Pair Corr
1.0	PFRYX	Putnam Floating Rate	Pair Corr
1.0	PFRZX	Putnam Floating Rate	Pair Corr
0.83	PGEYX	George Putnam	Pair Corr
0.83	PGEJX	George Putnam Balanced	Pair Corr
0.68	PGEOX	George Putnam	Pair Corr
0.69	PGELX	George Putnam Balanced	Pair Corr
0.83	PGEMX	George Putnam	Pair Corr
0.67	PGGDX	Putnam Global Income	Pair Corr
0.62	PGGIX	Putnam Global Income	Pair Corr
0.99	PGIEX	Putnam Global Industrials	Pair Corr
0.99	PGIOX	Putnam Global Industrials	Pair Corr
0.84	PGILX	Putnam Global Industrials	Pair Corr
0.94	PGLEX	Putnam Global Equity	Pair Corr
0.94	PGLRX	Putnam Global Equity	Pair Corr
0.98	PGODX	Putnam Growth Opport	Pair Corr
0.98	PGOEX	Putnam Growth Opport	Pair Corr
0.68	PGPRX	George Putnam	Pair Corr
0.98	PGORX	Putnam Growth Opport	Pair Corr
0.67	PGOYX	Putnam Growth Opport	Pair Corr
0.98	PGPCX	George Putnam	Pair Corr
0.67	PGSIX	Putnam U S	Pair Corr
0.85	PGTRX	Putnam Global Technology	Pair Corr

Related Correlations Analysis

	WMBDX	FKFSX	TWACX	DPIGX	FCSCX	UGSDX	SIGVX
WMBDX		0.86	0.79	0.78	0.65	0.36	0.58	WMBDX
FKFSX	0.86		0.91	0.9	0.79	0.54	0.71	FKFSX
TWACX	0.79	0.91		0.96	0.91	0.68	0.83	TWACX
DPIGX	0.78	0.9	0.96		0.95	0.74	0.91	DPIGX
FCSCX	0.65	0.79	0.91	0.95		0.88	0.94	FCSCX
UGSDX	0.36	0.54	0.68	0.74	0.88		0.88	UGSDX
SIGVX	0.58	0.71	0.83	0.91	0.94	0.88		SIGVX
	WMBDX	FKFSX	TWACX	DPIGX	FCSCX	UGSDX	SIGVX

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Risk-Adjusted Indicators

There is a big difference between Putnam Mutual Fund performing well and Putnam Floating 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 Floating'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
WMBDX	0.28	(0.01)	(0.35)	0.05	0.31	(0.31)	0.52	(0.64)	1.29
FKFSX	0.26	0.01	(0.32)	0.52	0.25	(0.32)	0.60	(0.60)	1.41
TWACX	0.10	0.00	(0.87)	0.33	0.00	(0.17)	0.22	(0.22)	0.56
DPIGX	0.09	0.00	(0.92)	0.80	0.00	(0.13)	0.21	(0.21)	0.63
FCSCX	0.06	0.00	(0.90)	0.49	0.00	(0.19)	0.13	(0.13)	0.53
UGSDX	0.03	0.00	0.00	0.74	0.00	0.00	0.00	0.00	0.52
SIGVX	0.06	0.01	(1.10)	0.83	0.00	(0.20)	0.10	(0.10)	0.61

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Putnam Floating Correlations

Putnam Floating Correlation With Market

Weak diversification

Moving together with Putnam Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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