Putnam Small Correlations

Mutual Funds . USA . 
Fund . Putnam Small Cap
PYSVX Fund  USD 17.10  0.20  1.16%   
The current 90-days correlation between Putnam Small Cap and Pace International Emerging is 0.18 (i.e., Average diversification). The correlation of Putnam Small 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 Small Correlation With Market

Good diversification

The correlation between Putnam Small Cap and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Putnam Small Cap 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 Small Cap. 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 real.

Moving together with Putnam Mutual Fund

  0.97PEYAX Putnam Equity IncomePairCorr
  0.95PFICX Putnam Floating RatePairCorr
  0.94PFJAX Putnam High YieldPairCorr
  0.95PFLRX Putnam Floating RatePairCorr
  0.95PFLLX Putnam Floating RatePairCorr
  0.95PFRYX Putnam Floating RatePairCorr
  0.94PGEYX George PutnamPairCorr
  0.94PGFMX Putnam Global FinancialsPairCorr
  0.95PGEJX George Putnam BalancedPairCorr
  0.95PGEOX George PutnamPairCorr
  0.93PGELX George Putnam BalancedPairCorr
  0.95PGEMX George PutnamPairCorr
  0.96PGIAX Pnc Fds GrPairCorr
  0.94PGIOX Putnam Global IndustrialsPairCorr
  0.94PGILX Putnam Global IndustrialsPairCorr
  0.88PGLEX Putnam Global EquityPairCorr
  0.89PGLRX Putnam Global EquityPairCorr
  0.95PGODX Putnam Growth OpportPairCorr
  0.95PGOEX Putnam Growth OpportPairCorr
  0.95PGPRX George PutnamPairCorr
  0.95PGORX Putnam Growth OpportPairCorr
  0.93PGOYX Putnam Growth OpportPairCorr
  0.95PGPCX George PutnamPairCorr
  0.63PGSIX Putnam U SPairCorr
  0.95PGTRX Putnam Global TechnologyPairCorr
  0.95PGTYX Putnam Global TechnologyPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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