Putnam Floating Correlations

Mutual Funds . USA . 
Fund . Putnam Floating Rate
PFRZX Fund  USD 7.97  0.01  0.13%   
The current 90-days correlation between Putnam Floating Rate and Pender Real Estate is 0.01 (i.e., Significant 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

Significant diversification

The correlation between Putnam Floating Rate and DJI is 0.01 (i.e., Significant 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 nation.

Moving together with Putnam Mutual Fund

  0.65PEYAX Putnam Equity IncomePairCorr
  0.73PFICX Putnam Floating RatePairCorr
  0.72PFJAX Putnam High YieldPairCorr
  0.73PFLRX Putnam Floating RatePairCorr
  1.0PFLLX Putnam Floating RatePairCorr
  0.72PFRYX Putnam Floating RatePairCorr
  0.71PXMNX Putnam Minnesota TaxPairCorr
  0.61PXOHX Putnam Ohio TaxPairCorr
  0.67PGBRX Putnam Global IncomePairCorr
  0.97PGEYX George PutnamPairCorr
  0.97PGFMX Putnam Global FinancialsPairCorr
  0.97PGEJX George Putnam BalancedPairCorr
  0.72PGEOX George PutnamPairCorr
  0.98PGELX George Putnam BalancedPairCorr
  0.97PGEMX George PutnamPairCorr
  0.69PGGYX Putnam Global IncmPairCorr
  0.69PGGDX Putnam Global IncomePairCorr
  0.69PGGEX Putnam Global IncomePairCorr
  0.62PGGLX Putnam Global IncmPairCorr
  0.74PGGIX Putnam Global IncomePairCorr
  0.99PGIAX Pnc Fds GrPairCorr
  0.99PGIEX Putnam Global IndustrialsPairCorr
  0.98PGIOX Putnam Global IndustrialsPairCorr
  0.98PGILX Putnam Global IndustrialsPairCorr
  0.95PGLEX Putnam Global EquityPairCorr
  0.95PGLRX Putnam Global EquityPairCorr
  0.98PGODX Putnam Growth OpportPairCorr
  0.98PGOEX Putnam Growth OpportPairCorr
  0.72PGPRX George PutnamPairCorr
  0.98PGORX Putnam Growth OpportPairCorr
  0.98PGOYX Putnam Growth OpportPairCorr
  0.98PGPCX George PutnamPairCorr
  0.7PGSIX Putnam U SPairCorr

Related Correlations Analysis

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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.

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