Putnam Master Correlations

PIM Etf

USD 3.32 0.01 0.30%

The current 90-days correlation between Putnam Master Interm and MFS High Income is 0.16 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Putnam Master moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Putnam Master Intermediate moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Putnam Master Correlation With Market

Good diversification

The correlation between Putnam Master Intermediate and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Putnam Master Intermediate 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 Master Intermediate. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Putnam Etf

0.76

Western Union

Pair Corr

Moving against Putnam Etf

0.74	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.72	LC	LendingClub Corp	Pair Corr
0.69	SF	Stifel Financial Fiscal Year End 22nd of January 2025	Pair Corr
0.67	V	Visa Class A	Pair Corr
0.66	BX	Blackstone Group Normal Trading	Pair Corr
0.64	AB	AllianceBernstein	Pair Corr
0.63	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.63	WT	WisdomTree	Pair Corr
0.63	VCTR	Victory Capital Holdings	Pair Corr
0.61	MA	Mastercard	Pair Corr
0.6	CG	Carlyle Group	Pair Corr
0.58	DIST	Distoken Acquisition	Pair Corr
0.55	AC	Associated Capital	Pair Corr
0.47	DHIL	Diamond Hill Investment	Pair Corr
0.46	BN	Brookfield Corp	Pair Corr
0.46	MC	Moelis	Pair Corr
0.46	TW	Tradeweb Markets	Pair Corr
0.45	PX	P10 Inc Potential Growth	Pair Corr
0.4	QD	Qudian Inc	Pair Corr
0.6	VINP	Vinci Partners Inves	Pair Corr
0.6	VRTS	Virtus Investment	Pair Corr
0.6	ENVA	Enova International	Pair Corr
0.6	ANSCW	Agriculture Natural	Pair Corr
0.59	TETEU	Technology Telecommunicatio	Pair Corr
0.56	DYCQ	DT Cloud Acquisition	Pair Corr
0.55	ESHA	ESH Acquisition Corp	Pair Corr
0.53	VIRT	Virtu Financial Fiscal Year End 23rd of January 2025	Pair Corr
0.53	DISTR	Distoken Acquisition	Pair Corr
0.52	EVGR	Evergreen Corp	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.33	-0.04	0.0	0.49	0.26	0.66	0.46	-0.43	0.32	META
MSFT	0.33		-0.36	0.02	0.29	0.13	0.22	0.14	0.14	-0.58	MSFT
UBER	-0.04	-0.36		0.05	-0.61	0.18	-0.45	-0.38	0.33	0.42	UBER
F	0.0	0.02	0.05		0.29	-0.38	0.39	0.58	-0.39	0.36	F
T	0.49	0.29	-0.61	0.29		-0.35	0.87	0.86	-0.73	0.0	T
A	0.26	0.13	0.18	-0.38	-0.35		-0.28	-0.46	0.56	0.02	A
CRM	0.66	0.22	-0.45	0.39	0.87	-0.28		0.92	-0.84	0.24	CRM
JPM	0.46	0.14	-0.38	0.58	0.86	-0.46	0.92		-0.87	0.24	JPM
MRK	-0.43	0.14	0.33	-0.39	-0.73	0.56	-0.84	-0.87		-0.36	MRK
XOM	0.32	-0.58	0.42	0.36	0.0	0.02	0.24	0.24	-0.36		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

JPM	+ 0.92	CRM
CRM	+ 0.87	T
JPM	+ 0.86	T
CRM	+ 0.66	META
JPM	+ 0.58	F
MRK	+ 0.56	A

High negative correlations

MRK	- 0.87	JPM
MRK	- 0.84	CRM
MRK	- 0.73	T
T	- 0.61	UBER
XOM	- 0.58	MSFT
JPM	- 0.46	A

Putnam Master Competition Risk-Adjusted Indicators

There is a big difference between Putnam Etf performing well and Putnam Master 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 Master'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
META	1.17	0.29	0.16	0.72	1.18	(1.37)	3.22	(1.87)	8.02
MSFT	0.87	0.05	0.01	0.21	1.40	(0.84)	2.09	(1.57)	8.19
UBER	1.85	(0.29)	0.00	(0.12)	0.00	0.00	2.69	(5.35)	20.41
F	1.40	(0.13)	(0.03)	0.03	2.15	(1.41)	2.53	(2.79)	11.21
T	0.98	0.13	0.02	2.38	1.05	(1.07)	2.36	(1.99)	6.74
A	1.22	0.03	(0.04)	0.25	1.48	(1.28)	2.71	(2.41)	9.02
CRM	1.47	0.41	0.30	0.41	1.02	(1.72)	3.59	(1.93)	13.87
JPM	1.00	0.07	0.13	0.15	0.90	(1.18)	1.73	(1.42)	15.87
MRK	0.93	(0.24)	0.00	(0.80)	0.00	0.00	2.00	(2.17)	5.18
XOM	0.92	(0.01)	(0.07)	0.09	1.18	(0.98)	1.83	(1.96)	6.06

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