Putnam Global Correlations

PGGLX Fund

USD 9.96 0.00 0.00%

The current 90-days correlation between Putnam Global Incm and Intermediate Government Bond is 0.59 (i.e., Very weak diversification). The correlation of Putnam Global 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 Global Correlation With Market

Good diversification

The correlation between Putnam Global Incm and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Putnam Global Incm 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 Global Incm. 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

0.9	PGBRX	Putnam Global Income	Pair Corr
0.89	PGGDX	Putnam Global Income	Pair Corr
0.89	PGGEX	Putnam Global Income	Pair Corr
0.89	PGGIX	Putnam Global Income	Pair Corr

Moving against Putnam Mutual Fund

0.52	PGHAX	Putnam Global Health	Pair Corr
0.44	PXOHX	Putnam Ohio Tax	Pair Corr
0.43	PEXTX	Putnam Tax Exempt	Pair Corr
0.42	PXMAX	Putnam Massachusetts Tax	Pair Corr
0.41	PEYAX	Putnam Equity Income	Pair Corr
0.35	PGEMX	George Putnam	Pair Corr
0.34	PGEOX	George Putnam	Pair Corr
0.34	PGELX	George Putnam Balanced	Pair Corr
0.34	PGIEX	Putnam Global Industrials	Pair Corr
0.33	PGIAX	Pnc Fds Gr	Pair Corr
0.33	PGILX	Putnam Global Industrials	Pair Corr
0.53	PHSRX	Putnam Global Health	Pair Corr
0.52	PHSYX	Putnam Global Health	Pair Corr
0.52	PHSTX	Putnam Global Health	Pair Corr
0.42	PIMFX	Putnam Int Term	Pair Corr
0.38	PIMEX	Putnam Int Term	Pair Corr
0.33	PGWTX	Putnam Focused Equity	Pair Corr

Related Correlations Analysis

	DPIGX	RFBAX	SSAGX	RGVCX	PYUSX	FCSCX
DPIGX		0.94	0.92	0.54	0.97	0.95	DPIGX
RFBAX	0.94		0.87	0.57	0.93	0.9	RFBAX
SSAGX	0.92	0.87		0.37	0.89	0.96	SSAGX
RGVCX	0.54	0.57	0.37		0.6	0.48	RGVCX
PYUSX	0.97	0.93	0.89	0.6		0.95	PYUSX
FCSCX	0.95	0.9	0.96	0.48	0.95		FCSCX
	DPIGX	RFBAX	SSAGX	RGVCX	PYUSX	FCSCX

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Risk-Adjusted Indicators

There is a big difference between Putnam Mutual Fund performing well and Putnam Global 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 Global'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
DPIGX	0.11	0.01	0.28	(4.30)	0.00	(0.15)	0.21	(0.21)	0.63
RFBAX	0.09	0.01	0.20	(4.41)	0.00	(0.26)	0.20	(0.19)	0.78
SSAGX	0.06	0.01	0.37	(1.21)	0.00	(0.18)	0.10	(0.10)	0.61
RGVCX	0.31	0.01	0.10	(0.14)	0.35	(0.34)	0.59	(0.67)	1.91
PYUSX	0.15	0.01	0.21	(2.11)	0.04	(0.21)	0.42	(0.32)	0.85
FCSCX	0.07	0.00	0.30	0.00	0.00	(0.21)	0.13	(0.13)	0.67

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