Putnam Mortgage Correlations

Mutual Funds USA . 
Fund . Putnam Mortgage Opport
PMOTX Fund  USD 8.96  0.01  0.11%   
The current 90-days correlation between Putnam Mortgage Opport and Lord Abbett Convertible is 0.2 (i.e., Modest diversification). The correlation of Putnam Mortgage 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 Mortgage Correlation With Market

Average diversification

The correlation between Putnam Mortgage Opport and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Putnam Mortgage Opport 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 Mortgage Opport. 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 estimate.

Moving together with Putnam Mutual Fund

  0.72PEXTX Putnam Tax ExemptPairCorr
  0.82PFJAX Putnam High YieldPairCorr
  0.64PFRZX Putnam Floating RatePairCorr
  0.7PXMNX Putnam Minnesota TaxPairCorr
  0.71PXOHX Putnam Ohio TaxPairCorr
  0.83PGBRX Putnam Global IncomePairCorr
  0.63PGFMX Putnam Global FinancialsPairCorr
  0.86PGGYX Putnam Global IncmPairCorr
  0.81PGHAX Putnam Global HealthPairCorr
  0.86PGGDX Putnam Global IncomePairCorr
  0.86PGGEX Putnam Global IncomePairCorr
  0.83PGGLX Putnam Global IncmPairCorr
  0.85PGGIX Putnam Global IncomePairCorr
  0.88PGLEX Putnam Global EquityPairCorr
  0.87PGLRX Putnam Global EquityPairCorr

Moving against Putnam Mutual Fund

  0.51PGODX Putnam Growth OpportPairCorr
  0.65PGTRX Putnam Global TechnologyPairCorr
  0.65PGTDX Putnam Global TechnologyPairCorr
  0.64PGTYX Putnam Global TechnologyPairCorr
  0.64PGTAX Putnam Global TechnologyPairCorr
  0.51PGORX Putnam Growth OpportPairCorr
  0.51PGOYX Putnam Growth OpportPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
XAVKX
+ 0.96
PBXIX
PBXIX
+ 0.85
LCFYX
XAVKX
+ 0.84
LCFYX
GCV
+ 0.64
LCFYX
GCV
+ 0.44
PBXIX
XAVKX
+ 0.39
GCV
  
High negative correlations   
FSAWX
- 0.49
XAVKX
FSAWX
- 0.41
PBXIX
FSAWX
- 0.27
LCFYX

Risk-Adjusted Indicators

There is a big difference between Putnam Mutual Fund performing well and Putnam Mortgage 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 Mortgage'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY