Putnam International Correlations

PICOX Fund

USD 42.06 0.36 0.85%

The current 90-days correlation between Putnam International and Vanguard Ultra Short Term Bond is -0.16 (i.e., Good diversification). The correlation of Putnam International 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 International Correlation With Market

Good diversification

The correlation between Putnam International Capital and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Putnam International Capital 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 International Capital. 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 persons.

Moving together with Putnam Mutual Fund

0.71	PGBRX	Putnam Global Income	Pair Corr
0.66	PGHAX	Putnam Global Health	Pair Corr
0.86	PGGEX	Putnam Global Income	Pair Corr
0.69	PGGLX	Putnam Global Incm	Pair Corr
0.85	PGGIX	Putnam Global Income	Pair Corr
0.97	PGLEX	Putnam Global Equity	Pair Corr
0.97	PGLRX	Putnam Global Equity	Pair Corr
0.83	PGVCX	Putnam U S	Pair Corr
0.81	PYSTX	Putnam Short Term	Pair Corr
0.81	PGP	Pimco Global Stocksplus	Pair Corr
0.65	PHSTX	Putnam Global Health	Pair Corr

Moving against Putnam Mutual Fund

0.52	PGEJX	George Putnam Balanced	Pair Corr
0.51	PFICX	Putnam Floating Rate	Pair Corr
0.47	PGEYX	George Putnam	Pair Corr
0.33	PFLLX	Putnam Floating Rate	Pair Corr
0.31	PFLRX	Putnam Floating Rate	Pair Corr
0.31	PFRYX	Putnam Floating Rate	Pair Corr
0.69	PGODX	Putnam Growth Opport	Pair Corr
0.56	PGIAX	Pnc Fds Gr	Pair Corr
0.56	PGIOX	Putnam Global Industrials	Pair Corr
0.56	PGILX	Putnam Global Industrials	Pair Corr
0.53	PGELX	George Putnam Balanced	Pair Corr
0.52	PGIEX	Putnam Global Industrials	Pair Corr
0.49	PGEMX	George Putnam	Pair Corr
0.48	PGEOX	George Putnam	Pair Corr
0.69	PGOEX	Putnam Growth Opport	Pair Corr
0.69	PGOYX	Putnam Growth Opport	Pair Corr
0.69	PGTDX	Putnam Global Technology	Pair Corr
0.67	PGTYX	Putnam Global Technology	Pair Corr
0.67	PGTAX	Putnam Global Technology	Pair Corr
0.65	PGTRX	Putnam Global Technology	Pair Corr

Related Correlations Analysis

	VUBFX	SUSAX	TSDCX	FMUUX	AOUNX	BDMKX	TAAQX	RSDIX
VUBFX		0.96	0.95	0.95	0.97	0.91	0.97	0.97	VUBFX
SUSAX	0.96		0.97	0.97	0.98	0.91	0.99	0.97	SUSAX
TSDCX	0.95	0.97		0.98	0.99	0.91	0.95	0.97	TSDCX
FMUUX	0.95	0.97	0.98		0.98	0.94	0.95	0.97	FMUUX
AOUNX	0.97	0.98	0.99	0.98		0.91	0.97	0.99	AOUNX
BDMKX	0.91	0.91	0.91	0.94	0.91		0.9	0.89	BDMKX
TAAQX	0.97	0.99	0.95	0.95	0.97	0.9		0.98	TAAQX
RSDIX	0.97	0.97	0.97	0.97	0.99	0.89	0.98		RSDIX
	VUBFX	SUSAX	TSDCX	FMUUX	AOUNX	BDMKX	TAAQX	RSDIX

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Risk-Adjusted Indicators

There is a big difference between Putnam Mutual Fund performing well and Putnam International 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 International'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
VUBFX	0.04	0.01	0.00	(6.26)	0.00	0.10	0.00	0.20
SUSAX	0.06	0.01	0.32	4.95	(0.18)	0.10	(0.10)	0.51
TSDCX	0.05	0.01	0.29	(1.04)	(0.23)	0.11	(0.11)	0.66
FMUUX	0.03	0.00	0.00	(0.05)	0.00	0.10	0.00	0.40
AOUNX	0.05	0.01	0.00	(0.60)	0.00	0.10	(0.10)	0.52
BDMKX	0.08	0.01	0.21	(0.51)	(0.12)	0.11	(0.11)	0.66
TAAQX	0.08	0.02	0.36	3.92	(0.15)	0.21	(0.10)	0.62
RSDIX	0.09	0.01	0.32	(0.45)	(0.16)	0.21	(0.10)	0.72

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