Putnam Retirement Correlations
| PAKJX Fund | USD 11.92 0.07 0.58% |
The current 90-days correlation between Putnam Retirement and T Rowe Price is 0.19 (i.e., Average diversification). The correlation of Putnam Retirement 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 Retirement Correlation With Market
Average diversification
The correlation between Putnam Retirement Advantage and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Putnam Retirement Advantage and DJI in the same portfolio, assuming nothing else is changed.
Putnam |
Moving together with Putnam Mutual Fund
| 0.61 | PGFMX | Putnam Global Financials | PairCorr |
| 0.75 | PGEJX | George Putnam Balanced | PairCorr |
| 0.76 | PGEMX | George Putnam | PairCorr |
| 0.69 | PGIOX | Putnam Global Industrials | PairCorr |
Related Correlations Analysis
| 0.38 | 0.8 | 0.46 | 0.64 | 0.75 | TRBCX | ||
| 0.38 | 0.77 | 0.79 | 0.77 | 0.71 | FSBCX | ||
| 0.8 | 0.77 | 0.85 | 0.96 | 0.93 | RETSX | ||
| 0.46 | 0.79 | 0.85 | 0.92 | 0.89 | SCYVX | ||
| 0.64 | 0.77 | 0.96 | 0.92 | 0.89 | DFVEX | ||
| 0.75 | 0.71 | 0.93 | 0.89 | 0.89 | LMUSX | ||
| 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 Retirement 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 Retirement'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TRBCX | 0.76 | 0.14 | 0.10 | 1.21 | 0.91 | 1.57 | 5.70 | |||
| FSBCX | 0.39 | (0.03) | 0.00 | (0.25) | 0.00 | 0.67 | 3.12 | |||
| RETSX | 0.55 | 0.04 | 0.02 | 0.24 | 0.78 | 1.03 | 5.86 | |||
| SCYVX | 0.90 | (0.01) | (0.02) | (0.01) | 1.27 | 1.75 | 10.44 | |||
| DFVEX | 0.60 | 0.03 | 0.02 | 0.16 | 0.74 | 1.16 | 7.30 | |||
| LMUSX | 0.67 | 0.04 | 0.02 | 0.57 | 1.09 | 1.23 | 6.37 |