Putnam Global Correlations
PGILX Fund | USD 38.95 0.17 0.43% |
The current 90-days correlation between Putnam Global Industrials and Dodge Cox Stock is 0.02 (i.e., Significant diversification). 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.
Putnam Global Correlation With Market
Poor diversification
The correlation between Putnam Global Industrials and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Putnam Global Industrials and DJI in the same portfolio, assuming nothing else is changed.
Putnam |
Moving together with Putnam Mutual Fund
0.94 | PEYAX | Putnam Equity Income | PairCorr |
0.85 | PFICX | Putnam Floating Rate | PairCorr |
0.82 | PFJAX | Putnam High Yield | PairCorr |
0.85 | PFLRX | Putnam Floating Rate | PairCorr |
0.83 | PFLLX | Putnam Floating Rate | PairCorr |
0.84 | PFRYX | Putnam Floating Rate | PairCorr |
0.84 | PFRZX | Putnam Floating Rate | PairCorr |
0.9 | PGEYX | George Putnam | PairCorr |
0.9 | PGEJX | George Putnam Balanced | PairCorr |
0.9 | PGEOX | George Putnam Potential Growth | PairCorr |
0.9 | PGELX | George Putnam Balanced Potential Growth | PairCorr |
0.89 | PGEMX | George Putnam Potential Growth | PairCorr |
1.0 | PGIAX | Pnc Fds Gr | PairCorr |
1.0 | PGIEX | Putnam Global Industrials | PairCorr |
1.0 | PGIOX | Putnam Global Industrials | PairCorr |
0.98 | PGODX | Putnam Growth Opport | PairCorr |
0.98 | PGOEX | Putnam Growth Opport | PairCorr |
0.9 | PGPRX | George Putnam Potential Growth | PairCorr |
0.98 | PGORX | Putnam Growth Opport | PairCorr |
0.98 | PGOYX | Putnam Growth Opport | PairCorr |
0.9 | PGPCX | George Putnam Potential Growth | PairCorr |
Moving against Putnam Mutual Fund
0.71 | PGBRX | Putnam Global Income | PairCorr |
0.39 | PGEBX | George Putnam | PairCorr |
0.36 | PXMAX | Putnam Massachusetts Tax | PairCorr |
0.32 | PEXTX | Putnam Tax Exempt | PairCorr |
0.32 | PXOHX | Putnam Ohio Tax | PairCorr |
0.79 | PGHAX | Putnam Global Health | PairCorr |
0.71 | PGGYX | Putnam Global Incm | PairCorr |
0.71 | PGGIX | Putnam Global Income | PairCorr |
0.69 | PGGDX | Putnam Global Income | PairCorr |
0.68 | PGGLX | Putnam Global Incm | PairCorr |
0.65 | PGGEX | Putnam Global Income | PairCorr |
0.47 | PGLRX | Putnam Global Equity | PairCorr |
0.46 | PGLEX | Putnam Global Equity | PairCorr |
0.77 | PGVCX | Putnam U S | PairCorr |
0.77 | PGVRX | Putnam U S | PairCorr |
0.76 | PGSIX | Putnam U S | PairCorr |
0.75 | PYTRX | Putman Absolute Return | PairCorr |
Related Correlations Analysis
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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 | ||
---|---|---|---|---|---|---|---|---|---|---|
DOXGX | 0.52 | 0.09 | (0.05) | (1.60) | 0.45 | 0.94 | 4.22 | |||
RETSX | 0.53 | (0.02) | (0.04) | 0.10 | 0.64 | 1.04 | 4.06 | |||
TWQZX | 0.49 | 0.08 | (0.06) | 3.59 | 0.35 | 1.16 | 3.48 | |||
PCLVX | 0.50 | 0.00 | (0.04) | 0.12 | 0.34 | 1.01 | 3.99 | |||
AMONX | 0.70 | 0.02 | 0.02 | 0.14 | 0.85 | 1.63 | 4.55 | |||
CBLSX | 0.49 | (0.02) | (0.09) | 0.08 | 0.51 | 0.94 | 2.58 | |||
MTCGX | 0.85 | (0.05) | (0.03) | 0.07 | 1.25 | 1.59 | 6.07 | |||
VEIPX | 0.49 | 0.00 | (0.05) | 0.11 | 0.37 | 1.03 | 3.73 |