Putnam Master Correlations

PIM Etf

USD 3.29 0.01 0.30%

The current 90-days correlation between Putnam Master Interm and MFS High Income is 0.21 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Putnam Master moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Putnam Master Intermediate moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Putnam Master Correlation With Market

Average diversification

The correlation between Putnam Master Intermediate and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Putnam Master Intermediate 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 Master Intermediate. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Putnam Etf

0.83	V	Visa Class A	Pair Corr
0.77	DB	Deutsche Bank AG	Pair Corr
0.89	DX	Dynex Capital	Pair Corr
0.66	LU	Lufax Holding Buyout Trend	Pair Corr
0.85	LX	Lexinfintech Holdings	Pair Corr
0.66	MA	Mastercard	Pair Corr
0.86	XP	Xp Inc	Pair Corr
0.66	DMYY	dMY Squared Technology	Pair Corr
0.71	DOMH	Dominari Holdings Earnings Call This Week	Pair Corr
0.72	GCMGW	GCM Grosvenor	Pair Corr
0.71	DYCQ	DT Cloud Acquisition	Pair Corr
0.91	EMCGU	Embrace Change Acqui	Pair Corr

Moving against Putnam Etf

0.79	LC	LendingClub Corp	Pair Corr
0.71	WT	WisdomTree	Pair Corr
0.63	WD	Walker Dunlop	Pair Corr
0.61	DHIL	Diamond Hill Investment	Pair Corr
0.54	BX	Blackstone Group	Pair Corr
0.52	RC	Ready Capital Corp	Pair Corr
0.35	CG	Carlyle Group Normal Trading	Pair Corr
0.35	MC	Moelis Normal Trading	Pair Corr
0.86	VRTS	Virtus Investment	Pair Corr
0.77	WULF	Terawulf Downward Rally	Pair Corr
0.69	LGHLW	Lion Financial Group	Pair Corr
0.4	ECPG	Encore Capital Group	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.01	0.57	-0.52	0.29	0.43	0.3	0.91	-0.73	-0.04	META
MSFT	-0.01		-0.6	-0.02	-0.8	0.72	0.88	0.12	0.42	-0.56	MSFT
UBER	0.57	-0.6		-0.23	0.81	-0.28	-0.52	0.54	-0.84	0.57	UBER
F	-0.52	-0.02	-0.23		0.06	-0.14	-0.2	-0.41	0.44	0.42	F
T	0.29	-0.8	0.81	0.06		-0.6	-0.72	0.19	-0.65	0.61	T
A	0.43	0.72	-0.28	-0.14	-0.6		0.82	0.57	0.13	-0.38	A
CRM	0.3	0.88	-0.52	-0.2	-0.72	0.82		0.35	0.22	-0.62	CRM
JPM	0.91	0.12	0.54	-0.41	0.19	0.57	0.35		-0.63	0.0	JPM
MRK	-0.73	0.42	-0.84	0.44	-0.65	0.13	0.22	-0.63		-0.35	MRK
XOM	-0.04	-0.56	0.57	0.42	0.61	-0.38	-0.62	0.0	-0.35		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

JPM	+ 0.91	META
CRM	+ 0.88	MSFT
CRM	+ 0.82	A
T	+ 0.81	UBER
A	+ 0.72	MSFT
XOM	+ 0.61	T

High negative correlations

MRK	- 0.84	UBER
T	- 0.8	MSFT
MRK	- 0.73	META
CRM	- 0.72	T
MRK	- 0.65	T
MRK	- 0.63	JPM

Putnam Master Competition Risk-Adjusted Indicators

There is a big difference between Putnam Etf performing well and Putnam Master ETF 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 Master'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
META	1.63	0.03	0.01	0.02	2.30	(1.45)	2.96	(3.73)	8.90
MSFT	1.11	(0.21)	0.00	(0.24)	0.00	0.00	2.58	(2.14)	10.31
UBER	1.89	0.35	0.15	0.55	2.08	(2.07)	4.72	(3.13)	12.75
F	1.44	0.10	0.05	0.09	2.16	(1.40)	2.71	(2.88)	10.14
T	0.99	0.29	0.17	0.54	1.45	(1.12)	1.90	(1.55)	11.66
A	1.16	(0.19)	0.00	(0.18)	0.00	0.00	2.92	(2.59)	9.03
CRM	1.40	(0.29)	0.00	(0.24)	0.00	0.00	2.72	(3.81)	8.88
JPM	1.14	0.06	0.03	0.24	1.76	(1.09)	2.16	(3.35)	6.85
MRK	1.24	(0.18)	0.00	1.61	0.00	0.00	2.07	(2.25)	11.58
XOM	1.03	0.13	0.09	0.29	1.29	(1.05)	2.55	(2.36)	5.89

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