Putnam Global Correlations
| PHSBX Fund | USD 22.76 0.00 0.00% |
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 |
Moving together with Putnam Mutual Fund
Moving against Putnam Mutual Fund
Related Correlations Analysis
| 0.66 | 0.87 | 0.86 | 0.73 | WRLDX | ||
| 0.66 | 0.78 | 0.77 | 0.78 | OPTCX | ||
| 0.87 | 0.78 | 0.99 | 0.91 | DIHRX | ||
| 0.86 | 0.77 | 0.99 | 0.88 | RTIUX | ||
| 0.73 | 0.78 | 0.91 | 0.88 | FMUUX | ||
| 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 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WRLDX | 0.64 | 0.04 | 0.00 | (0.01) | 0.00 | 1.24 | 2.96 | |||
| OPTCX | 0.07 | 0.00 | 0.24 | (0.53) | 0.06 | 0.21 | 0.93 | |||
| DIHRX | 0.60 | 0.10 | 0.16 | 0.13 | 0.68 | 1.51 | 3.80 | |||
| RTIUX | 0.61 | 0.10 | 0.16 | 0.14 | 0.76 | 1.47 | 5.02 | |||
| FMUUX | 0.03 | 0.00 | 0.00 | (0.26) | 0.00 | 0.10 | 0.40 |