Putnam U Correlations

Mutual Funds USA . 
Fund . Putnam U S
PGVRX Fund  USD 7.70  0.02  0.26%   
The current 90-days correlation between Putnam U S and Touchstone Sands Capital is -0.02 (i.e., Good diversification). The correlation of Putnam U 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 U Correlation With Market

Average diversification

The correlation between Putnam U S and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Putnam U S 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 Putnam U S. 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 metropolitan statistical area.

Moving together with Putnam Mutual Fund

  0.99MWTNX Metropolitan West TotalPairCorr
  0.92MWTSX Metropolitan West TotalPairCorr
  0.99PTTPX Pimco Total ReturnPairCorr
  0.99PTRRX Total ReturnPairCorr
  0.99PTRAX Total ReturnPairCorr
  0.92PTTRX Total ReturnPairCorr
  0.99FIWGX Strategic AdvisersPairCorr
  0.92DODIX Dodge IncomePairCorr
  0.99MWTIX Metropolitan West TotalPairCorr
  0.92MWTRX Metropolitan West TotalPairCorr
  0.84VGTSX Vanguard Total InterPairCorr
  0.84VTIAX Vanguard Total InterPairCorr
  0.65FCFWX American Funds RetirementPairCorr
  0.93JSEAX Jpmorgan InternationalPairCorr
  0.84VZ Verizon Communications Aggressive PushPairCorr
  0.66IBM International BusinessPairCorr
  0.7TRV The Travelers CompaniesPairCorr
  0.72MCD McDonaldsPairCorr

Moving against Putnam Mutual Fund

  0.45VSMPX Vanguard Total StockPairCorr
  0.45VSTSX Vanguard Total StockPairCorr
  0.45VITSX Vanguard Total StockPairCorr
  0.42VFFSX Vanguard 500 IndexPairCorr
  0.36VTSAX Vanguard Total StockPairCorr
  0.36VTSMX Vanguard Total StockPairCorr
  0.33VFIAX Vanguard 500 IndexPairCorr
  0.33VFINX Vanguard 500 IndexPairCorr
  0.52AA Alcoa CorpPairCorr
  0.47AXP American ExpressPairCorr
  0.46CAT CaterpillarPairCorr
  0.43DIS Walt DisneyPairCorr
  0.38HPQ HP IncPairCorr
  0.37BA Boeing Buyout TrendPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

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