Putnam Massachusetts Correlations

PMABX Fund

USD 9.12 0.00 0.00%

The correlation of Putnam Massachusetts 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.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Putnam Massachusetts Tax. 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 bureau of labor statistics.

Moving together with Putnam Mutual Fund

1.0	PFRBX	Putnam Floating Rate	Pair Corr
1.0	PGEBX	George Putnam	Pair Corr
1.0	PGSBX	Putnam U S	Pair Corr

Moving against Putnam Mutual Fund

1.0

PGNBX

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Pair Corr

Related Correlations Analysis

	QGMIX	GMADX	SGMAX	LFLCX	DODWX	MGKAX	BXFIX	TEDIX
QGMIX		0.61	0.77	0.87	0.68	0.48	0.57	0.78	QGMIX
GMADX	0.61		0.79	0.76	0.81	0.8	0.54	0.74	GMADX
SGMAX	0.77	0.79		0.89	0.97	0.69	0.6	0.9	SGMAX
LFLCX	0.87	0.76	0.89		0.83	0.72	0.7	0.89	LFLCX
DODWX	0.68	0.81	0.97	0.83		0.73	0.57	0.89	DODWX
MGKAX	0.48	0.8	0.69	0.72	0.73		0.73	0.68	MGKAX
BXFIX	0.57	0.54	0.6	0.7	0.57	0.73		0.55	BXFIX
TEDIX	0.78	0.74	0.9	0.89	0.89	0.68	0.55		TEDIX
	QGMIX	GMADX	SGMAX	LFLCX	DODWX	MGKAX	BXFIX	TEDIX

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Risk-Adjusted Indicators

There is a big difference between Putnam Mutual Fund performing well and Putnam Massachusetts 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 Massachusetts' 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
QGMIX	0.37	0.12	0.25	(0.59)	0.18	(0.45)	0.83	(0.63)	2.42
GMADX	0.73	0.04	0.03	0.06	1.30	(0.73)	1.26	(1.63)	11.02
SGMAX	0.56	(0.06)	0.00	(0.12)	0.00	0.00	0.95	(0.77)	9.52
LFLCX	0.18	0.01	0.03	(0.37)	0.14	(0.21)	0.43	(0.33)	0.98
DODWX	0.82	(0.08)	0.00	(0.11)	0.00	0.00	1.28	(1.11)	13.09
MGKAX	0.82	0.06	0.05	(0.42)	1.10	(0.89)	1.62	(1.64)	4.75
BXFIX	0.08	(0.01)	(0.06)	0.24	0.06	(0.28)	0.23	(0.12)	0.93
TEDIX	0.65	0.00	0.00	0.00	1.60	(0.57)	1.01	(1.47)	7.35

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Putnam Massachusetts Correlations

Moving together with Putnam Mutual Fund

Moving against Putnam Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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