Putnam Small Correlations
| PYSVX Fund | USD 17.10 0.20 1.16% |
The current 90-days correlation between Putnam Small Cap and Pace International Emerging is -0.07 (i.e., Good 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 -0.13 (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.
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Moving against Putnam Mutual Fund
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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PCEMX | 0.46 | 0.21 | 0.12 | 0.90 | 0.00 | 1.48 | 3.46 | |||
| FEMDX | 0.18 | 0.11 | (0.56) | (2.26) | 0.00 | 0.52 | 1.13 | |||
| DBELX | 0.22 | 0.09 | (0.34) | 2.12 | 0.00 | 0.47 | 1.75 | |||
| RYANX | 0.92 | 0.45 | 0.16 | (1.54) | 0.72 | 3.05 | 7.33 | |||
| SMPIX | 2.10 | 0.75 | 0.40 | 0.67 | 1.37 | 5.81 | 12.76 | |||
| SEDAX | 0.19 | 0.08 | (0.48) | 1.10 | 0.00 | 0.45 | 1.25 | |||
| CENTX | 0.39 | 0.09 | (0.11) | 0.52 | 0.00 | 0.89 | 2.19 |