Putnam High Correlations
| PHYBX Fund | USD 5.22 0.00 0.00% |
The correlation of Putnam High 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
| 0.79 | 0.72 | 0.67 | 0.5 | 0.8 | RAGHX | ||
| 0.79 | 0.99 | 0.84 | 0.82 | 0.83 | SCHLX | ||
| 0.72 | 0.99 | 0.83 | 0.88 | 0.77 | ECHSX | ||
| 0.67 | 0.84 | 0.83 | 0.7 | 0.71 | XXGRX | ||
| 0.5 | 0.82 | 0.88 | 0.7 | 0.75 | PGHAX | ||
| 0.8 | 0.83 | 0.77 | 0.71 | 0.75 | GTHIX | ||
| 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 High 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 High'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RAGHX | 0.73 | (0.07) | 0.00 | 0.55 | 0.00 | 1.25 | 3.57 | |||
| SCHLX | 0.66 | (0.01) | 0.09 | 0.02 | 0.77 | 1.25 | 3.70 | |||
| ECHSX | 0.66 | (0.01) | 0.09 | (0.01) | 0.79 | 1.34 | 3.92 | |||
| XXGRX | 0.78 | (0.04) | 0.00 | 0.37 | 0.00 | 1.51 | 4.62 | |||
| PGHAX | 0.65 | 0.02 | 0.07 | (0.02) | 0.84 | 1.33 | 4.12 | |||
| GTHIX | 0.75 | (0.01) | 0.00 | (0.09) | 0.00 | 1.25 | 4.99 |