Putnam Retirementready Correlations
| PACPX Fund | 16.57 0.07 0.42% |
The current 90-days correlation between Putnam Retirementready and Applied Finance Explorer is 0.17 (i.e., Average diversification). The correlation of Putnam Retirementready 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 Retirementready Correlation With Market
Average diversification
The correlation between Putnam Retirementready Maturit and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Putnam Retirementready Maturit and DJI in the same portfolio, assuming nothing else is changed.
Putnam |
Moving together with Putnam Mutual Fund
| 0.83 | PEXTX | Putnam Tax Exempt | PairCorr |
| 0.83 | PXMAX | Putnam Massachusetts Tax | PairCorr |
| 0.82 | PXMNX | Putnam Minnesota Tax | PairCorr |
| 0.84 | PXOHX | Putnam Ohio Tax | PairCorr |
| 0.71 | PGBRX | Putnam Global Income | PairCorr |
| 0.9 | PGFMX | Putnam Global Financials | PairCorr |
| 0.77 | PGGYX | Putnam Global Incm | PairCorr |
| 0.71 | PGGDX | Putnam Global Income | PairCorr |
| 0.71 | PGGEX | Putnam Global Income | PairCorr |
| 0.7 | PGGLX | Putnam Global Incm | PairCorr |
| 0.76 | PGGIX | Putnam Global Income | PairCorr |
Related Correlations Analysis
| 0.91 | 0.9 | 0.82 | 0.9 | 0.91 | 0.92 | AFDVX | ||
| 0.91 | 0.91 | 0.88 | 0.95 | 0.92 | 0.89 | AVCNX | ||
| 0.9 | 0.91 | 0.91 | 0.95 | 0.96 | 0.93 | ARSMX | ||
| 0.82 | 0.88 | 0.91 | 0.92 | 0.93 | 0.95 | QRSAX | ||
| 0.9 | 0.95 | 0.95 | 0.92 | 0.96 | 0.92 | MAVKX | ||
| 0.91 | 0.92 | 0.96 | 0.93 | 0.96 | 0.95 | LRSOX | ||
| 0.92 | 0.89 | 0.93 | 0.95 | 0.92 | 0.95 | QRSVX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Putnam Mutual Fund performing well and Putnam Retirementready 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 Retirementready'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AFDVX | 0.77 | (0.11) | 0.00 | (0.07) | 0.00 | 1.46 | 9.23 | |||
| AVCNX | 0.90 | (0.07) | 0.00 | (0.21) | 0.00 | 2.02 | 12.00 | |||
| ARSMX | 0.76 | (0.09) | 0.00 | (0.19) | 0.00 | 1.48 | 13.69 | |||
| QRSAX | 0.80 | (0.04) | 0.00 | (0.63) | 0.00 | 1.51 | 10.20 | |||
| MAVKX | 0.89 | (0.09) | 0.00 | (0.33) | 0.00 | 1.74 | 12.49 | |||
| LRSOX | 0.96 | (0.13) | 0.00 | (0.14) | 0.00 | 1.81 | 14.97 | |||
| QRSVX | 0.79 | (0.05) | 0.00 | (0.02) | 0.00 | 1.51 | 10.13 |