Putnam Multi Cap Growth Fund Market Value
| PNOPX Fund | USD 116.82 0.56 0.48% |
| Symbol | Putnam |
Putnam Multi 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Putnam Multi's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Putnam Multi.
| 10/22/2023 |
| 04/19/2024 |
If you would invest 0.00 in Putnam Multi on October 22, 2023 and sell it all today you would earn a total of 0.00 from holding Putnam Multi Cap Growth or generate 0.0% return on investment in Putnam Multi over 180 days. Putnam Multi is related to or competes with Putnam International, George Putnam, Putnam Dynamic, Putnam Dynamic, and Putnam Equity. The fund mainly invests in common stocks of U.S More
Putnam Multi Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Putnam Multi's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Putnam Multi Cap Growth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7652 | |||
| Information Ratio | 0.0528 | |||
| Maximum Drawdown | 3.96 | |||
| Value At Risk | (1.30) | |||
| Potential Upside | 1.37 |
Putnam Multi Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Putnam Multi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Putnam Multi's standard deviation. In reality, there are many statistical measures that can use Putnam Multi historical prices to predict the future Putnam Multi's volatility.| Risk Adjusted Performance | 0.0879 | |||
| Jensen Alpha | 0.0398 | |||
| Total Risk Alpha | 0.025 | |||
| Sortino Ratio | 0.0552 | |||
| Treynor Ratio | 0.0968 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Putnam Multi's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Putnam Multi Cap Backtested Returns
We consider Putnam Multi very steady. Putnam Multi Cap maintains Sharpe Ratio (i.e., Efficiency) of 0.1, which implies the entity had a 0.1% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Putnam Multi Cap, which you can use to evaluate the volatility of the fund. Please check Putnam Multi's Coefficient Of Variation of 721.94, semi deviation of 0.5929, and Risk Adjusted Performance of 0.0879 to confirm if the risk estimate we provide is consistent with the expected return of 0.0829%. The fund holds a Beta of 1.04, which implies a somewhat significant risk relative to the market. Putnam Multi returns are very sensitive to returns on the market. As the market goes up or down, Putnam Multi is expected to follow.
Auto-correlation | 0.87 |
Very good predictability
Putnam Multi Cap Growth has very good predictability. Overlapping area represents the amount of predictability between Putnam Multi time series from 22nd of October 2023 to 20th of January 2024 and 20th of January 2024 to 19th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Putnam Multi Cap price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current Putnam Multi price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 13.05 |
Putnam Multi Cap lagged returns against current returns
Autocorrelation, which is Putnam Multi mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Putnam Multi's mutual fund expected returns. We can calculate the autocorrelation of Putnam Multi returns to help us make a trade decision. For example, suppose you find that Putnam Multi has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Putnam Multi regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Putnam Multi mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Putnam Multi mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Putnam Multi mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Putnam Multi Lagged Returns
When evaluating Putnam Multi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Putnam Multi mutual fund have on its future price. Putnam Multi autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Putnam Multi autocorrelation shows the relationship between Putnam Multi mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Putnam Multi Cap Growth.
Regressed Prices |
| Timeline |
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Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Putnam Multi Cap using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.Build Optimal Portfolios
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Check out Putnam Multi Correlation, Putnam Multi Volatility and Putnam Multi Alpha and Beta module to complement your research on Putnam Multi. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Putnam Multi technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.