Putnam High Correlations

Mutual Funds . USA . 
Fund . Putnam High Yield
PFJAX Fund  USD 5.35  0.01  0.19%   
The current 90-days correlation between Putnam High Yield and Qs Moderate Growth is -0.11 (i.e., Good diversification). The correlation of Putnam High 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 High Correlation With Market

Good diversification

The correlation between Putnam High Yield and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Putnam High Yield 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 High Yield. 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 nation.

Moving together with Putnam Mutual Fund

  0.94PEYAX Putnam Equity IncomePairCorr
  0.91PFICX Putnam Floating RatePairCorr
  0.9PFLRX Putnam Floating RatePairCorr
  0.91PFLLX Putnam Floating RatePairCorr
  0.93PFRYX Putnam Floating RatePairCorr
  0.93PFRZX Putnam Floating RatePairCorr
  0.71PGBRX Putnam Global IncomePairCorr
  0.98PGEYX George PutnamPairCorr
  0.98PGFMX Putnam Global FinancialsPairCorr
  0.98PGEJX George Putnam BalancedPairCorr
  0.98PGEOX George PutnamPairCorr
  0.98PGELX George Putnam BalancedPairCorr
  0.98PGEMX George PutnamPairCorr
  0.8PGGYX Putnam Global IncmPairCorr
  0.77PGGDX Putnam Global IncomePairCorr
  0.8PGGEX Putnam Global IncomePairCorr
  0.72PGGLX Putnam Global IncmPairCorr
  0.79PGGIX Putnam Global IncomePairCorr
  0.98PGIAX Pnc Fds GrPairCorr
  0.96PGIEX Putnam Global IndustrialsPairCorr
  0.97PGIOX Putnam Global IndustrialsPairCorr
  0.98PGILX Putnam Global IndustrialsPairCorr
  0.63PGLEX Putnam Global EquityPairCorr
  0.96PGODX Putnam Growth OpportPairCorr
  0.96PGOEX Putnam Growth OpportPairCorr
  0.98PGPRX George PutnamPairCorr
  0.95PGORX Putnam Growth OpportPairCorr
  0.95PGOYX Putnam Growth OpportPairCorr
  0.98PGPCX George PutnamPairCorr
  0.89PGSIX Putnam U SPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Putnam Mutual Fund performing well and Putnam High 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 High'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.

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
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY