Putnam Global Correlations

PEQBX Fund

USD 13.06 0.00 0.00%

The correlation of Putnam Global 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.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Putnam Global Equity. 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 bureau of labor statistics.

Moving together with Putnam Mutual Fund

1.0	PGLBX	Putnam Global Income	Pair Corr
1.0	PGNBX	Putnam International	Pair Corr

Moving against Putnam Mutual Fund

1.0	PFRBX	Putnam Floating Rate	Pair Corr
1.0	PGEBX	George Putnam	Pair Corr

Related Correlations Analysis

	CBOEX	MBSAX	WACIX	DBLFX	PRVBX	GHVIX
CBOEX		0.95	0.97	0.98	0.97	0.8	CBOEX
MBSAX	0.95		0.98	0.98	0.96	0.9	MBSAX
WACIX	0.97	0.98		0.99	0.96	0.87	WACIX
DBLFX	0.98	0.98	0.99		0.96	0.82	DBLFX
PRVBX	0.97	0.96	0.96	0.96		0.89	PRVBX
GHVIX	0.8	0.9	0.87	0.82	0.89		GHVIX
	CBOEX	MBSAX	WACIX	DBLFX	PRVBX	GHVIX

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Risk-Adjusted Indicators

There is a big difference between Putnam Mutual Fund performing well and Putnam Global 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 Global'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
CBOEX	0.17	0.02	0.39	0.64	0.07	(0.21)	0.33	(0.24)	0.98
MBSAX	0.18	0.02	0.29	0.16	0.19	(0.21)	0.36	(0.30)	1.34
WACIX	0.25	0.02	0.28	0.29	0.21	(0.30)	0.55	(0.44)	1.56
DBLFX	0.22	0.02	0.30	0.44	0.17	(0.27)	0.54	(0.33)	1.33
PRVBX	0.10	0.01	0.68	0.24	0.00	(0.13)	0.23	(0.17)	0.53
GHVIX	0.16	0.01	0.31	0.04	0.16	(0.17)	0.30	(0.35)	1.01

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Putnam Global Correlations

Moving together with Putnam Mutual Fund

Moving against Putnam Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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