Putnam Floating Correlations

Mutual Funds . USA . 
Fund . Putnam Floating Rate
PFLLX Fund  USD 7.96  0.00  0.00%   
The current 90-days correlation between Putnam Floating Rate and Ab Bond Inflation is -0.02 (i.e., Good diversification). The correlation of Putnam Floating 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 Floating Correlation With Market

Good diversification

The correlation between Putnam Floating Rate 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 Floating Rate 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 Floating Rate. 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 Putnam Mutual Fund

  0.98PEYAX Putnam Equity IncomePairCorr
  1.0PFICX Putnam Floating RatePairCorr
  0.98PFJAX Putnam High YieldPairCorr
  1.0PFLRX Putnam Floating RatePairCorr
  0.99PFRYX Putnam Floating RatePairCorr
  1.0PFRZX Putnam Floating RatePairCorr
  0.63PXMNX Putnam Minnesota TaxPairCorr
  0.68PGBRX 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
  0.72PGGYX Putnam Global IncmPairCorr
  0.7PGGDX Putnam Global IncomePairCorr
  0.71PGGEX Putnam Global IncomePairCorr
  0.65PGGLX Putnam Global IncmPairCorr
  0.7PGGIX Putnam Global IncomePairCorr
  0.99PGIAX Pnc Fds GrPairCorr
  0.98PGIEX Putnam Global IndustrialsPairCorr
  0.98PGIOX Putnam Global IndustrialsPairCorr
  0.98PGILX Putnam Global IndustrialsPairCorr
  0.95PGLEX Putnam Global EquityPairCorr
  0.95PGLRX Putnam Global EquityPairCorr
  0.98PGODX Putnam Growth OpportPairCorr
  0.98PGOEX Putnam Growth OpportPairCorr
  0.98PGPRX George PutnamPairCorr
  0.98PGORX Putnam Growth OpportPairCorr
  0.98PGOYX Putnam Growth OpportPairCorr
  0.98PGPCX George PutnamPairCorr
  0.67PGSIX Putnam U SPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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

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