Putnam Floating Correlations
| PFRBX Fund | USD 7.98 0.00 0.00% |
The correlation of Putnam Floating 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.
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Related Correlations Analysis
| 0.99 | 0.96 | 0.97 | 0.91 | 0.95 | PRSVX | ||
| 0.99 | 0.92 | 0.94 | 0.87 | 0.96 | BPSCX | ||
| 0.96 | 0.92 | 0.96 | 0.9 | 0.86 | LVAQX | ||
| 0.97 | 0.94 | 0.96 | 0.95 | 0.91 | ASVIX | ||
| 0.91 | 0.87 | 0.9 | 0.95 | 0.87 | ARSVX | ||
| 0.95 | 0.96 | 0.86 | 0.91 | 0.87 | RRMVX | ||
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Risk-Adjusted Indicators
There is a big difference between Putnam Mutual Fund performing well and Putnam Floating 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 Floating'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PRSVX | 0.82 | (0.10) | 0.00 | (0.17) | 0.00 | 1.28 | 4.44 | |||
| BPSCX | 0.83 | (0.08) | 0.00 | (0.16) | 0.00 | 1.51 | 4.06 | |||
| LVAQX | 0.83 | (0.14) | 0.00 | (0.24) | 0.00 | 1.18 | 3.80 | |||
| ASVIX | 0.95 | (0.17) | 0.00 | (0.21) | 0.00 | 1.23 | 6.50 | |||
| ARSVX | 0.81 | (0.16) | 0.00 | (0.27) | 0.00 | 1.19 | 7.70 | |||
| RRMVX | 0.71 | (0.04) | 0.00 | (0.12) | 0.00 | 1.21 | 3.46 |