Putnam High Correlations
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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.
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Related Correlations Analysis
0.92 | 0.92 | 0.98 | 0.87 | 0.92 | RIMOX | ||
0.92 | 0.95 | 0.92 | 0.96 | 0.96 | DNHYX | ||
0.92 | 0.95 | 0.94 | 0.97 | 0.98 | ARTFX | ||
0.98 | 0.92 | 0.94 | 0.86 | 0.93 | BUIHX | ||
0.87 | 0.96 | 0.97 | 0.86 | 0.97 | IPIMX | ||
0.92 | 0.96 | 0.98 | 0.93 | 0.97 | VRHYX | ||
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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 | ||
---|---|---|---|---|---|---|---|---|---|---|
RIMOX | 0.05 | 0.03 | 0.76 | (4.52) | 0.00 | 0.15 | 0.36 | |||
DNHYX | 0.14 | 0.02 | 0.29 | 0.88 | 0.08 | 0.23 | 0.93 | |||
ARTFX | 0.12 | 0.02 | 0.40 | (1.63) | 0.00 | 0.44 | 1.22 | |||
BUIHX | 0.08 | 0.02 | 0.56 | 10.65 | 0.00 | 0.19 | 0.57 | |||
IPIMX | 0.14 | 0.02 | 0.34 | (0.83) | 0.00 | 0.46 | 1.04 | |||
VRHYX | 0.16 | 0.02 | 0.27 | (6.37) | 0.00 | 0.52 | 1.05 |