Putnam Equity Correlations

PEIYX Fund

USD 38.82 0.02 0.05%

The current 90-days correlation between Putnam Equity Income and Gamco Global Gold is 0.14 (i.e., Average diversification). The correlation of Putnam Equity 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 Equity Correlation With Market

Significant diversification

The correlation between Putnam Equity Income and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Putnam Equity Income 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 Equity Income. 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 manufacturing.

Moving together with Putnam Mutual Fund

0.72	VVIAX	Vanguard Value Index	Pair Corr
0.77	DOXGX	Dodge Cox Stock	Pair Corr
0.64	AFMFX	American Mutual	Pair Corr
0.64	FFMMX	American Funds American	Pair Corr
0.64	FFFMX	American Funds American	Pair Corr
0.64	AMRMX	American Mutual	Pair Corr
0.64	AMFFX	American Mutual	Pair Corr
0.63	AMFCX	American Mutual	Pair Corr
0.77	DODGX	Dodge Stock Fund	Pair Corr
0.72	VIVAX	Vanguard Value Index	Pair Corr
0.73	DXQLX	Direxion Monthly Nasdaq	Pair Corr
0.73	RYVLX	Nasdaq 100 2x	Pair Corr
0.73	RYVYX	Nasdaq 100 2x	Pair Corr
0.73	UOPIX	Ultra Nasdaq 100	Pair Corr
0.73	RYCCX	Nasdaq 100 2x	Pair Corr
0.73	UOPSX	Ultranasdaq 100 Profund	Pair Corr
0.74	INPIX	Internet Ultrasector	Pair Corr
0.74	INPSX	Internet Ultrasector	Pair Corr
0.76	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.7	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.63	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.66	DIS	Walt Disney Aggressive Push	Pair Corr
0.77	CVX	Chevron Corp Sell-off Trend	Pair Corr

Moving against Putnam Mutual Fund

0.65	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.59	KO	Coca Cola Sell-off Trend	Pair Corr
0.59	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.31	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	XGGNX	OGMCX	INIVX	SPPIX	USERX	VGSBX
XGGNX		0.92	0.86	-0.88	0.91	-0.03	XGGNX
OGMCX	0.92		0.98	-0.89	0.98	-0.17	OGMCX
INIVX	0.86	0.98		-0.9	0.98	-0.2	INIVX
SPPIX	-0.88	-0.89	-0.9		-0.92	-0.17	SPPIX
USERX	0.91	0.98	0.98	-0.92		-0.12	USERX
VGSBX	-0.03	-0.17	-0.2	-0.17	-0.12		VGSBX
	XGGNX	OGMCX	INIVX	SPPIX	USERX	VGSBX

Click cells to compare fundamentals

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

INIVX	+ 0.98	OGMCX
USERX	+ 0.98	OGMCX
USERX	+ 0.98	INIVX
OGMCX	+ 0.92	XGGNX
USERX	+ 0.91	XGGNX
INIVX	+ 0.86	XGGNX

High negative correlations

USERX	- 0.92	SPPIX
SPPIX	- 0.9	INIVX
SPPIX	- 0.89	OGMCX
SPPIX	- 0.88	XGGNX
VGSBX	- 0.2	INIVX
VGSBX	- 0.17	SPPIX

Risk-Adjusted Indicators

There is a big difference between Putnam Mutual Fund performing well and Putnam Equity 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 Equity'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
XGGNX	0.56	(0.06)	0.00	(0.14)	0.00	0.00	1.20	(1.20)	3.86
OGMCX	1.45	(0.03)	(0.05)	0.04	1.75	(1.52)	2.67	(2.79)	8.66
INIVX	1.40	(0.02)	(0.06)	0.01	1.80	(1.45)	2.66	(2.74)	9.92
SPPIX	1.42	0.11	(0.01)	(0.49)	1.72	(1.56)	3.24	(2.31)	10.50
USERX	1.42	(0.03)	(0.06)	(0.03)	1.89	(1.43)	3.05	(2.74)	10.13
VGSBX	0.28	(0.02)	0.00	0.26	0.00	0.00	0.65	(0.64)	1.71

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