Putnam Short Correlations

Mutual Funds . USA . 
Fund . Putnam Short Duration
PSDLX Fund  USD 10.12  0.01  0.1%   
The current 90-days correlation between Putnam Short Duration and Simt Multi Asset Inflation is 0.07 (i.e., Significant diversification). The correlation of Putnam Short 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 Short Correlation With Market

Average diversification

The correlation between Putnam Short Duration and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Putnam Short Duration 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 Short Duration. 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 economic analysis.

Moving together with Putnam Mutual Fund

  0.61PEXTX Putnam Tax ExemptPairCorr
  0.61PXOHX Putnam Ohio TaxPairCorr
  0.68PGHAX Putnam Global HealthPairCorr
  0.81PGGDX Putnam Global IncomePairCorr
  0.83PGLEX Putnam Global EquityPairCorr
  0.83PGLRX Putnam Global EquityPairCorr
  0.87PGP Pimco Global StocksplusPairCorr
  0.68PHSYX Putnam Global HealthPairCorr
  0.65PHYMX Putnam High YieldPairCorr
  0.64PHYIX Putnam High YieldPairCorr
  0.88PIGWX Putnam Intl ValuePairCorr
  0.86PINCX Putnam IncomePairCorr
  0.87PINHX Putnam Income FdPairCorr
  0.75PIMEX Putnam Int TermPairCorr
  0.77PIMRX Putnam IntermediatePairCorr
  0.95PMOYX Putnam Mortgage OppoPairCorr
  0.64PMNYX Putnam MinnesotaPairCorr
  0.95PMOTX Putnam Mortgage OpportPairCorr

Moving against Putnam Mutual Fund

  0.78PGTRX Putnam Global TechnologyPairCorr
  0.78PGTDX Putnam Global TechnologyPairCorr
  0.77PGTYX Putnam Global TechnologyPairCorr
  0.77PGTAX Putnam Global TechnologyPairCorr
  0.66PGODX Putnam Growth OpportPairCorr
  0.66PGOYX Putnam Growth OpportPairCorr
  0.46PGIEX Putnam Global IndustrialsPairCorr
  0.44PGWTX Putnam Focused EquityPairCorr
  0.43PGEMX George PutnamPairCorr
  0.42PGPRX George PutnamPairCorr
  0.41PGEOX George PutnamPairCorr
  0.59PNOCX Putnam Multi CapPairCorr
  0.58PNOYX Putnam Multi CapPairCorr
  0.58PNORX Putnam Multi CapPairCorr
  0.55PMPCX Putnam Multi CapPairCorr
  0.55PMVRX Putnam Multi CapPairCorr
  0.55PMVYX Putnam Multi CapPairCorr
  0.55PMVAX Putnam Multi CapPairCorr
  0.5PMYCX Putnam Multicap CorePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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

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