Putnam Focused Correlations

PVAL Etf

USD 44.64 0.32 0.72%

The current 90-days correlation between Putnam Focused Large and Vanguard High Dividend is -0.07 (i.e., Good diversification). 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

Good diversification

The correlation between Putnam Focused Large and DJI is -0.02 (i.e., Good 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.

Build AI portfolio with Putnam Etf

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

0.69	VTV	Vanguard Value Index	Pair Corr
0.65	IVE	iShares SP 500	Pair Corr
0.65	SPYV	SPDR Portfolio SP	Pair Corr
0.64	IUSV	iShares Core SP	Pair Corr
0.67	ITDD	iShares Trust	Pair Corr
0.74	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.85	CSCO	Cisco Systems	Pair Corr
0.72	MRK	Merck Company	Pair Corr
0.82	IBM	International Business	Pair Corr
0.67	BAC	Bank of America	Pair Corr
0.82	AA	Alcoa Corp	Pair Corr
0.73	KO	Coca Cola	Pair Corr
0.79	MMM	3M Company	Pair Corr
0.73	AXP	American Express	Pair Corr
0.82	DD	Dupont De Nemours	Pair Corr

Moving against Putnam Etf

0.7	BA	Boeing	Pair Corr
0.73	HD	Home Depot	Pair Corr
0.71	DIS	Walt Disney	Pair Corr
0.53	VZ	Verizon Communications	Pair Corr
0.33	CVX	Chevron Corp	Pair Corr

Related Correlations Analysis

	VYM	IWD	DGRO	IVE	DVY	SPYV	FVD	IUSV	NOBL
VYM		0.92	0.91	0.77	0.76	0.78	0.61	0.51	0.62	VYM
IWD	0.92		0.95	0.94	0.69	0.94	0.52	0.71	0.49	IWD
DGRO	0.91	0.95		0.92	0.69	0.92	0.53	0.68	0.45	DGRO
IVE	0.77	0.94	0.92		0.51	1.0	0.31	0.83	0.24	IVE
DVY	0.76	0.69	0.69	0.51		0.51	0.88	0.31	0.74	DVY
SPYV	0.78	0.94	0.92	1.0	0.51		0.31	0.82	0.24	SPYV
FVD	0.61	0.52	0.53	0.31	0.88	0.31		0.16	0.89	FVD
IUSV	0.51	0.71	0.68	0.83	0.31	0.82	0.16		0.14	IUSV
NOBL	0.62	0.49	0.45	0.24	0.74	0.24	0.89	0.14		NOBL
	VYM	IWD	DGRO	IVE	DVY	SPYV	FVD	IUSV	NOBL

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
VYM	0.50	0.00	(0.02)	0.08	0.55	(0.57)	0.89	(1.01)	2.92
IWD	0.51	(0.02)	(0.04)	0.06	0.61	(0.55)	1.07	(1.06)	3.40
DGRO	0.45	0.01	(0.02)	0.09	0.45	(0.51)	1.03	(0.83)	2.84
IVE	0.50	0.00	(0.02)	0.08	0.59	(0.51)	1.05	(0.95)	3.45
DVY	0.56	(0.05)	(0.10)	0.01	0.67	(0.59)	1.04	(0.91)	2.81
SPYV	0.50	0.00	(0.02)	0.08	0.59	(0.52)	1.12	(1.02)	3.42
FVD	0.42	(0.04)	(0.15)	(0.01)	0.51	(0.44)	1.02	(0.82)	2.62
IUSV	0.51	0.05	(0.03)	1.19	0.61	(0.53)	1.09	(0.98)	3.54
NOBL	0.51	(0.04)	(0.12)	0.00	0.57	(0.58)	1.14	(0.92)	3.30

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