George Putnam Correlations

PGELX Fund

USD 26.62 0.13 0.49%

The current 90-days correlation between George Putnam Balanced and American Funds American is 0.72 (i.e., Poor diversification). The correlation of George Putnam 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.

George Putnam Correlation With Market

Poor diversification

The correlation between George Putnam Balanced and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding George Putnam Balanced 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 George Putnam Balanced. 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 George Mutual Fund

0.78	PEYAX	Putnam Equity Income	Pair Corr
0.66	PFICX	Putnam Floating Rate	Pair Corr
0.83	PFJAX	Putnam High Yield	Pair Corr
0.67	PFLRX	Putnam Floating Rate	Pair Corr
0.66	PFLLX	Putnam Floating Rate	Pair Corr
0.67	PFRYX	Putnam Floating Rate	Pair Corr
0.66	PFRZX	Putnam Floating Rate	Pair Corr
1.0	PGEYX	George Putnam	Pair Corr
0.62	PGFMX	Putnam Global Financials	Pair Corr
1.0	PGEJX	George Putnam Balanced Potential Growth	Pair Corr
1.0	PGEOX	George Putnam Potential Growth	Pair Corr
1.0	PGEMX	George Putnam Potential Growth	Pair Corr
0.87	PGIAX	Pnc Fds Gr	Pair Corr
0.87	PGIEX	Putnam Global Industrials	Pair Corr
0.87	PGIOX	Putnam Global Industrials	Pair Corr
0.87	PGILX	Putnam Global Industrials	Pair Corr
0.88	PGODX	Putnam Growth Opport	Pair Corr
0.88	PGOEX	Putnam Growth Opport	Pair Corr
1.0	PGPRX	George Putnam Potential Growth	Pair Corr
0.88	PGOYX	Putnam Growth Opport	Pair Corr
1.0	PGPCX	George Putnam Potential Growth	Pair Corr
0.87	PGTRX	Putnam Global Technology	Pair Corr

Moving against George Mutual Fund

0.62	PGHAX	Putnam Global Health	Pair Corr
0.5	PGGLX	Putnam Global Incm	Pair Corr
0.49	PGBRX	Putnam Global Income	Pair Corr
0.49	PGGYX	Putnam Global Incm	Pair Corr
0.48	PGGIX	Putnam Global Income	Pair Corr
0.46	PGGDX	Putnam Global Income	Pair Corr
0.31	PGEBX	George Putnam	Pair Corr
0.62	PHSRX	Putnam Global Health	Pair Corr
0.62	PHSYX	Putnam Global Health	Pair Corr
0.62	PHSTX	Putnam Global Health	Pair Corr
0.57	PGVRX	Putnam U S	Pair Corr
0.56	PGSIX	Putnam U S	Pair Corr
0.55	PIFRX	Putnam Income	Pair Corr
0.54	PYTRX	Putman Absolute Return	Pair Corr
0.46	PHSBX	Putnam Global Health	Pair Corr
0.32	PIERX	Putnam International	Pair Corr

Related Correlations Analysis

	FBONX	FBAFX	ABALX	BALCX	BALFX	RLBCX	RLBBX	CLBAX	CLBEX	RLBFX
FBONX		1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	FBONX
FBAFX	1.0		1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	FBAFX
ABALX	1.0	1.0		1.0	1.0	1.0	1.0	1.0	1.0	1.0	ABALX
BALCX	1.0	1.0	1.0		1.0	1.0	1.0	1.0	1.0	1.0	BALCX
BALFX	1.0	1.0	1.0	1.0		1.0	1.0	1.0	1.0	1.0	BALFX
RLBCX	1.0	1.0	1.0	1.0	1.0		1.0	1.0	1.0	1.0	RLBCX
RLBBX	1.0	1.0	1.0	1.0	1.0	1.0		1.0	1.0	1.0	RLBBX
CLBAX	1.0	1.0	1.0	1.0	1.0	1.0	1.0		1.0	1.0	CLBAX
CLBEX	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0		1.0	CLBEX
RLBFX	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0		RLBFX
	FBONX	FBAFX	ABALX	BALCX	BALFX	RLBCX	RLBBX	CLBAX	CLBEX	RLBFX

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Risk-Adjusted Indicators

There is a big difference between George Mutual Fund performing well and George Putnam 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 George Putnam'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
FBONX	0.37	(0.02)	(0.14)	0.10	0.40	(0.39)	0.75	(0.90)	2.11
FBAFX	0.37	(0.02)	(0.14)	0.10	0.42	(0.38)	0.75	(0.88)	2.11
ABALX	0.37	(0.02)	(0.14)	0.10	0.40	(0.39)	0.75	(0.90)	2.11
BALCX	0.37	(0.02)	(0.14)	0.09	0.42	(0.38)	0.75	(0.91)	2.13
BALFX	0.37	(0.02)	(0.14)	0.10	0.42	(0.39)	0.72	(0.91)	2.11
RLBCX	0.36	(0.02)	(0.14)	0.09	0.40	(0.38)	0.75	(0.88)	2.12
RLBBX	0.37	(0.02)	(0.15)	0.09	0.41	(0.38)	0.75	(0.89)	2.13
CLBAX	0.36	(0.02)	(0.14)	0.10	0.40	(0.39)	0.72	(0.91)	2.12
CLBEX	0.37	(0.02)	(0.14)	0.10	0.40	(0.39)	0.75	(0.91)	2.12
RLBFX	0.37	(0.01)	(0.14)	0.10	0.40	(0.38)	0.74	(0.90)	2.14

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