Putnam Premier Correlations

PPT Etf

USD 3.56 0.04 1.14%

The current 90-days correlation between Putnam Premier Income and Blackrock Muniholdings Ny is 0.35 (i.e., Weak diversification). The correlation of Putnam Premier 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 Premier Correlation With Market

Average diversification

The correlation between Putnam Premier Income and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Putnam Premier Income 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 Premier Income. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with Putnam Etf

0.84	WU	Western Union Sell-off Trend	Pair Corr
0.64	XP	Xp Inc	Pair Corr

Moving against Putnam Etf

0.86	LC	LendingClub Corp	Pair Corr
0.86	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.85	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.83	WT	WisdomTree	Pair Corr
0.81	V	Visa Class A	Pair Corr
0.8	DIST	Distoken Acquisition	Pair Corr
0.8	SF	Stifel Financial Fiscal Year End 22nd of January 2025	Pair Corr
0.79	BX	Blackstone Group Fiscal Year End 23rd of January 2025	Pair Corr
0.69	MA	Mastercard	Pair Corr
0.67	CG	Carlyle Group	Pair Corr
0.67	PX	P10 Inc	Pair Corr
0.65	DHIL	Diamond Hill Investment	Pair Corr
0.64	BN	Brookfield Corp	Pair Corr
0.63	MC	Moelis	Pair Corr
0.62	AB	AllianceBernstein	Pair Corr
0.62	QD	Qudian Inc	Pair Corr
0.57	AC	Associated Capital	Pair Corr
0.49	LX	Lexinfintech Holdings Trending	Pair Corr
0.46	TW	Tradeweb Markets	Pair Corr
0.83	VRTS	Virtus Investment	Pair Corr
0.83	ENVA	Enova International	Pair Corr
0.82	EMCG	Embrace Change Acqui	Pair Corr
0.76	VCTR	Victory Capital Holdings	Pair Corr
0.73	VIRT	Virtu Financial Fiscal Year End 23rd of January 2025	Pair Corr
0.65	DYCQ	DT Cloud Acquisition	Pair Corr
0.64	VINP	Vinci Partners Inves	Pair Corr
0.61	ROCLW	Roth CH Acquisition	Pair Corr
0.55	TETEU	Technology Telecommunicatio	Pair Corr
0.44	ECPG	Encore Capital Group	Pair Corr
0.43	WAVS	Western Acquisition	Pair Corr
0.37	GCMGW	GCM Grosvenor	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.26	0.55	0.07	0.53	0.05	0.64	0.28	-0.53	0.73	META
MSFT	0.26		0.21	0.17	0.16	-0.01	0.03	-0.11	0.13	-0.2	MSFT
UBER	0.55	0.21		-0.06	-0.09	0.27	-0.03	-0.16	0.09	0.35	UBER
F	0.07	0.17	-0.06		0.28	-0.41	0.5	0.7	-0.37	0.32	F
T	0.53	0.16	-0.09	0.28		-0.5	0.81	0.64	-0.79	0.39	T
A	0.05	-0.01	0.27	-0.41	-0.5		-0.46	-0.6	0.63	0.0	A
CRM	0.64	0.03	-0.03	0.5	0.81	-0.46		0.86	-0.91	0.65	CRM
JPM	0.28	-0.11	-0.16	0.7	0.64	-0.6	0.86		-0.83	0.47	JPM
MRK	-0.53	0.13	0.09	-0.37	-0.79	0.63	-0.91	-0.83		-0.56	MRK
XOM	0.73	-0.2	0.35	0.32	0.39	0.0	0.65	0.47	-0.56		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	+ 0.86	CRM
CRM	+ 0.81	T
XOM	+ 0.73	META
JPM	+ 0.7	F
XOM	+ 0.65	CRM
CRM	+ 0.64	META

High negative correlations

MRK	- 0.91	CRM
MRK	- 0.83	JPM
MRK	- 0.79	T
JPM	- 0.6	A
XOM	- 0.56	MRK
MRK	- 0.53	META

Putnam Premier Competition Risk-Adjusted Indicators

There is a big difference between Putnam Etf performing well and Putnam Premier 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 Premier'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	1.07	0.07	0.02	0.23	1.41	(1.14)	2.62	(3.15)	8.02
MSFT	0.90	(0.04)	(0.05)	0.07	1.50	(0.86)	2.09	(1.85)	8.19
UBER	1.61	(0.11)	(0.04)	0.02	2.32	(1.70)	2.69	(2.53)	20.10
F	1.42	(0.15)	(0.04)	0.03	2.23	(1.39)	2.53	(2.90)	11.21
T	0.92	0.26	0.12	(7.83)	0.86	(1.06)	2.56	(1.72)	6.47
A	1.17	(0.09)	0.00	(0.06)	0.00	0.00	2.71	(2.42)	9.02
CRM	1.31	0.23	0.18	0.34	1.08	(1.53)	3.18	(1.91)	9.98
JPM	1.12	(0.04)	0.05	0.11	1.38	(1.23)	2.05	(2.00)	15.87
MRK	0.91	(0.24)	0.00	(0.86)	0.00	0.00	2.00	(2.13)	4.89
XOM	1.00	(0.03)	(0.07)	0.06	1.31	(1.04)	2.10	(2.09)	5.74

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