George Putnam Correlations

Mutual Funds . USA . 
Fund . George Putnam Fund
PGPCX Fund  USD 24.66  0.20  0.82%   
The current 90-days correlation between George Putnam and Touchstone Large Cap is -0.11 (i.e., Good diversification). The correlation of George Putnam 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.

George Putnam Correlation With Market

Good diversification

The correlation between George Putnam Fund and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding George Putnam Fund 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 George Putnam Fund. 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 main economic indicators.

Moving together with George Mutual Fund

  0.61PEYAX Putnam Equity IncomePairCorr
  1.0PGEYX George PutnamPairCorr
  1.0PGEJX George Putnam BalancedPairCorr
  1.0PGEOX George PutnamPairCorr
  1.0PGELX George Putnam BalancedPairCorr
  1.0PGEMX George PutnamPairCorr
  0.99PGIAX Pnc Fds GrPairCorr
  0.99PGIEX Putnam Global IndustrialsPairCorr
  0.99PGIOX Putnam Global IndustrialsPairCorr
  0.99PGILX Putnam Global IndustrialsPairCorr
  0.95PGODX Putnam Growth OpportPairCorr
  0.95PGOEX Putnam Growth OpportPairCorr
  1.0PGPRX George PutnamPairCorr
  0.95PGORX Putnam Growth OpportPairCorr
  0.95PGOYX Putnam Growth OpportPairCorr

Moving against George Mutual Fund

  0.38PGBRX Putnam Global IncomePairCorr
  0.38PGGYX Putnam Global IncmPairCorr
  0.37PGGDX Putnam Global IncomePairCorr
  0.37PGGEX Putnam Global IncomePairCorr
  0.37PGGIX Putnam Global IncomePairCorr
  0.37PGLEX Putnam Global EquityPairCorr
  0.36PGLRX Putnam Global EquityPairCorr
  0.34PGGLX Putnam Global IncmPairCorr
  0.4PGSIX Putnam U SPairCorr
  0.4PGVCX Putnam U SPairCorr
  0.4PGVRX Putnam U SPairCorr
  0.39PYSTX Putnam Short TermPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between George Mutual Fund performing well and George Putnam 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 George Putnam'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.

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