Putnam Focused Correlations

PVAL Etf

USD 37.19 0.34 0.92%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Putnam Focused moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Putnam Focused Large moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Putnam Focused Correlation With Market

Almost no diversification

The correlation between Putnam Focused Large and DJI is 0.93 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Putnam Focused Large 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 Focused Large. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Putnam Etf

0.95	VTV	Vanguard Value Index	Pair Corr
0.95	VYM	Vanguard High Dividend	Pair Corr
0.99	IWD	iShares Russell 1000	Pair Corr
0.95	DGRO	iShares Core Dividend	Pair Corr
0.97	IVE	iShares SP 500	Pair Corr
0.96	DVY	iShares Select Dividend	Pair Corr
0.97	SPYV	SPDR Portfolio SP	Pair Corr
0.9	FVD	First Trust Value	Pair Corr
0.98	IUSV	iShares Core SP	Pair Corr
0.66	NOBL	ProShares SP 500	Pair Corr
0.63	CPST	Calamos ETF Trust	Pair Corr
0.61	JANW	AIM ETF Products	Pair Corr
0.62	BST	BlackRock Science Tech	Pair Corr
0.66	LOUP	Innovator Loup Frontier	Pair Corr
0.67	TRFK	Pacer Funds Trust	Pair Corr
0.63	AIPI	REX AI Equity	Pair Corr
0.71	FFTY	Innovator IBD 50	Pair Corr
0.73	IBLC	iShares Blockchain and	Pair Corr
0.68	CGUS	Capital Group Core	Pair Corr
0.77	SPY	SPDR SP 500	Pair Corr
0.83	ENFR	Alerian Energy Infra	Pair Corr
0.73	IPAY	Amplify ETF Trust	Pair Corr
0.63	DAT	ProShares Big Data	Pair Corr
0.74	IYZ	IShares Telecommunicatio	Pair Corr

Moving against Putnam Etf

0.59

BITI

ProShares Trust Sell-off Trend

Pair Corr

Related Correlations Analysis

	SALN	MBCC	LCG	AQUI	MSTSX	LBHIX	VIASP	RRTLX	OSHDF	70082LAB3
SALN		0.0	0.0	1.0	0.0	0.0	0.0	0.0	0.0	0.0	SALN
MBCC	0.0		0.88	0.0	0.36	0.73	0.5	0.65	0.22	0.55	MBCC
LCG	0.0	0.88		0.0	0.07	0.63	0.75	0.44	0.55	0.69	LCG
AQUI	1.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	AQUI
MSTSX	0.0	0.36	0.07	0.0		0.49	-0.44	0.87	-0.63	-0.17	MSTSX
LBHIX	0.0	0.73	0.63	0.0	0.49		0.21	0.73	0.0	0.29	LBHIX
VIASP	0.0	0.5	0.75	0.0	-0.44	0.21		-0.08	0.83	0.71	VIASP
RRTLX	0.0	0.65	0.44	0.0	0.87	0.73	-0.08		-0.34	0.03	RRTLX
OSHDF	0.0	0.22	0.55	0.0	-0.63	0.0	0.83	-0.34		0.48	OSHDF
70082LAB3	0.0	0.55	0.69	0.0	-0.17	0.29	0.71	0.03	0.48		70082LAB3
	SALN	MBCC	LCG	AQUI	MSTSX	LBHIX	VIASP	RRTLX	OSHDF	70082LAB3

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

AQUI	+ 1.0	SALN
LCG	+ 0.88	MBCC
RRTLX	+ 0.87	MSTSX
OSHDF	+ 0.83	VIASP
VIASP	+ 0.75	LCG
LBHIX	+ 0.73	MBCC

High negative correlations

OSHDF	- 0.63	MSTSX
VIASP	- 0.44	MSTSX
OSHDF	- 0.34	RRTLX
70082LAB3	- 0.17	MSTSX
RRTLX	- 0.08	VIASP
OSHDF	- 0.0	LBHIX

Putnam Focused Constituents Risk-Adjusted Indicators

There is a big difference between Putnam Etf performing well and Putnam Focused 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 Focused'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
SALN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MBCC	0.55	(0.01)	(0.02)	0.00	0.83	(0.52)	1.05	(1.16)	4.33
LCG	0.95	0.03	0.02	0.05	1.25	(0.96)	1.82	(1.85)	5.59
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MSTSX	0.55	(0.15)	0.00	(0.32)	0.00	0.00	1.03	(1.02)	4.19
LBHIX	0.10	(0.02)	0.00	(0.28)	0.00	0.00	0.24	(0.24)	0.94
VIASP	0.75	0.16	0.10	(1.17)	1.03	(0.85)	2.00	(1.20)	6.28
RRTLX	0.28	(0.08)	0.00	(0.38)	0.00	0.00	0.40	(0.56)	1.99
OSHDF	46.68	24.37	0.00	(1.69)	0.00	0.00	0.00	0.00	1,329
70082LAB3	0.62	0.08	0.06	1.28	0.86	(0.75)	1.75	(0.74)	6.86

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