Putnam High Correlations
| PHYBX Fund | USD 5.22 0.00 0.00% |
The correlation of Putnam High 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 |
Related Correlations Analysis
| 1.0 | 1.0 | 0.98 | 0.98 | 1.0 | PPLSX | ||
| 1.0 | 1.0 | 0.99 | 0.99 | 1.0 | VTRRX | ||
| 1.0 | 1.0 | 0.98 | 0.98 | 0.99 | SAWMX | ||
| 0.98 | 0.99 | 0.98 | 1.0 | 0.98 | JTSQX | ||
| 0.98 | 0.99 | 0.98 | 1.0 | 0.98 | TWSMX | ||
| 1.0 | 1.0 | 0.99 | 0.98 | 0.98 | BIMPX | ||
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Risk-Adjusted Indicators
There is a big difference between Putnam Mutual Fund performing well and Putnam High 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 High'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PPLSX | 0.33 | 0.17 | (0.09) | (1.87) | 0.00 | 1.11 | 2.58 | |||
| VTRRX | 0.49 | 0.26 | 0.05 | (1.99) | 0.08 | 1.68 | 3.85 | |||
| SAWMX | 0.32 | 0.16 | (0.11) | (2.62) | 0.00 | 0.95 | 2.13 | |||
| JTSQX | 0.51 | 0.08 | 0.04 | 0.31 | 0.26 | 1.60 | 3.68 | |||
| TWSMX | 0.38 | 0.06 | (0.06) | 0.31 | 0.00 | 1.10 | 2.69 | |||
| BIMPX | 0.30 | 0.14 | (0.17) | (2.37) | 0.00 | 1.00 | 2.03 |