Putnam U Correlations

Mutual Funds . USA . 
Fund . Putnam U S
PGSIX Fund  USD 8.01  0.02  0.25%   
The current 90-days correlation between Putnam U S and Calvert Short Duration is 0.64 (i.e., Poor diversification). The correlation of Putnam U 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 U Correlation With Market

Modest diversification

The correlation between Putnam U S and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Putnam U S 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 U S. 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 gross domestic product.

Moving together with Putnam Mutual Fund

  0.74PEYAX Putnam Equity IncomePairCorr
  0.91PEXTX Putnam Tax ExemptPairCorr
  0.9PFJAX Putnam High YieldPairCorr
  0.62PFLRX Putnam Floating RatePairCorr
  0.61PFRYX Putnam Floating RatePairCorr
  0.64PFRZX Putnam Floating RatePairCorr
  0.91PXMAX Putnam Massachusetts TaxPairCorr
  0.91PXMNX Putnam Minnesota TaxPairCorr
  0.91PXOHX Putnam Ohio TaxPairCorr
  0.93PGBRX Putnam Global IncomePairCorr
  0.88PGEYX George PutnamPairCorr
  0.88PGFMX Putnam Global FinancialsPairCorr
  0.86PGEJX George Putnam BalancedPairCorr
  0.86PGEOX George PutnamPairCorr
  0.86PGELX George Putnam BalancedPairCorr
  0.84PGEMX George PutnamPairCorr
  0.94PGGYX Putnam Global IncmPairCorr
  0.75PGHAX Putnam Global HealthPairCorr
  0.93PGGDX Putnam Global IncomePairCorr
  0.93PGGEX Putnam Global IncomePairCorr
  0.92PGGLX Putnam Global IncmPairCorr
  0.94PGGIX Putnam Global IncomePairCorr
  0.84PGIAX Pnc Fds GrPairCorr
  0.83PGIEX Putnam Global IndustrialsPairCorr
  0.86PGIOX Putnam Global IndustrialsPairCorr
  0.84PGILX Putnam Global IndustrialsPairCorr
  0.81PGLEX Putnam Global EquityPairCorr
  0.8PGLRX Putnam Global EquityPairCorr
  0.83PGODX Putnam Growth OpportPairCorr
  0.84PGOEX Putnam Growth OpportPairCorr
  0.88PGPRX George PutnamPairCorr
  0.83PGORX Putnam Growth OpportPairCorr
  0.83PGOYX Putnam Growth OpportPairCorr
  0.86PGPCX George PutnamPairCorr
  0.76PGTRX Putnam Global TechnologyPairCorr
  0.74PGTYX Putnam Global TechnologyPairCorr
  0.73PGTDX Putnam Global TechnologyPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Putnam Mutual Fund performing well and Putnam U 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 U'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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