Putnam Money Correlations

PFCXX Fund

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The correlation of Putnam Money 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 Money Market. Also, note that the market value of any money market fund could be closely tied with the direction of predictive economic indicators such as signals in interest.

Related Correlations Analysis

	CBOEX	GHVIX	TTRBX	UIITX	DBLFX	CSBCX	PRVBX
CBOEX		0.8	0.98	0.98	0.98	0.98	0.97	CBOEX
GHVIX	0.8		0.87	0.83	0.82	0.83	0.89	GHVIX
TTRBX	0.98	0.87		0.99	0.98	0.99	0.97	TTRBX
UIITX	0.98	0.83	0.99		0.99	1.0	0.95	UIITX
DBLFX	0.98	0.82	0.98	0.99		0.99	0.96	DBLFX
CSBCX	0.98	0.83	0.99	1.0	0.99		0.95	CSBCX
PRVBX	0.97	0.89	0.97	0.95	0.96	0.95		PRVBX
	CBOEX	GHVIX	TTRBX	UIITX	DBLFX	CSBCX	PRVBX

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Risk-Adjusted Indicators

There is a big difference between Putnam Money Market Fund performing well and Putnam Money Money Market 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 Money'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
GHVIX	0.16	0.01	0.31	0.04	0.16	(0.17)	0.30	(0.35)	1.01
TTRBX	0.15	0.01	0.40	0.76	0.05	(0.19)	0.40	(0.30)	0.82
UIITX	0.23	0.02	0.29	0.56	0.18	(0.28)	0.55	(0.43)	1.45
DBLFX	0.22	0.02	0.30	0.44	0.17	(0.27)	0.54	(0.33)	1.33
CSBCX	0.22	0.02	0.28	0.38	0.20	(0.25)	0.49	(0.41)	1.42
PRVBX	0.10	0.01	0.68	0.24	0.00	(0.13)	0.23	(0.17)	0.53

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Putnam Money Correlations

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