Putnam Diversified Correlations

PSIBX Fund

USD 5.53 0.00 0.00%

The correlation of Putnam Diversified 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 Diversified Income. 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	PGLBX	Putnam Global Income	Pair Corr
1.0	PGNBX	Putnam International	Pair Corr

Moving against Putnam Mutual Fund

1.0	PFRBX	Putnam Floating Rate	Pair Corr
1.0	PGEBX	George Putnam	Pair Corr
1.0	PHYBX	Putnam High Yield	Pair Corr

Related Correlations Analysis

	XAWFX	LCIAX	RHSAX	PLAAX	TACLX	RGELX
XAWFX		0.66	0.61	0.61	0.46	0.63	XAWFX
LCIAX	0.66		0.65	0.91	0.82	0.65	LCIAX
RHSAX	0.61	0.65		0.61	0.62	0.86	RHSAX
PLAAX	0.61	0.91	0.61		0.84	0.62	PLAAX
TACLX	0.46	0.82	0.62	0.84		0.65	TACLX
RGELX	0.63	0.65	0.86	0.62	0.65		RGELX
	XAWFX	LCIAX	RHSAX	PLAAX	TACLX	RGELX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Putnam Mutual Fund performing well and Putnam Diversified 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 Diversified'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
XAWFX	0.13	(0.03)	0.00	(1.66)	0.00	0.00	0.18	(0.44)	0.88
LCIAX	0.78	(0.11)	0.00	(0.60)	0.00	0.00	1.10	(1.29)	17.14
RHSAX	1.06	(0.10)	0.00	(2.54)	0.00	0.00	1.67	(2.65)	13.20
PLAAX	0.89	(0.08)	0.00	(0.24)	0.00	0.00	1.43	(2.00)	13.27
TACLX	0.54	(0.04)	0.00	(0.22)	0.00	0.00	0.88	(0.81)	5.53
RGELX	0.53	0.00	(0.02)	(0.05)	0.83	(0.54)	1.03	(1.29)	4.49

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

Putnam Diversified Correlations

Moving together with Putnam Mutual Fund

Moving against Putnam Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY