Putnam Small Cap Fund Market Value

PSLCX Fund  USD 10.89  0.23  2.16%   
Putnam Small's market value is the price at which a share of Putnam Small trades on a public exchange. It measures the collective expectations of Putnam Small Cap investors about its performance. Putnam Small is trading at 10.89 as of the 28th of March 2024; that is 2.16 percent up since the beginning of the trading day. The fund's open price was 10.66.
With this module, you can estimate the performance of a buy and hold strategy of Putnam Small Cap and determine expected loss or profit from investing in Putnam Small over a given investment horizon. Check out Putnam Small Correlation, Putnam Small Volatility and Putnam Small Alpha and Beta module to complement your research on Putnam Small.
Symbol

Please note, there is a significant difference between Putnam Small's value and its price as these two are different measures arrived at by different means. Investors typically determine if Putnam Small is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Putnam Small's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Putnam Small '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 Small'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 Small.
0.00
02/27/2024
No Change 0.00  0.0 
In 31 days
03/28/2024
0.00
If you would invest  0.00  in Putnam Small on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Putnam Small Cap or generate 0.0% return on investment in Putnam Small over 30 days. Putnam Small is related to or competes with USCF Gold, Putnam Multi-cap, Putnam Multi-cap, Putnam Sustainable, Putnam Equity, Putnam Small, and Putnam Small. The fund invests mainly in common stocks of small U.S More

Putnam Small 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 Small'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 Small Cap upside and downside potential and time the market with a certain degree of confidence.

Putnam Small Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Putnam Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Putnam Small's standard deviation. In reality, there are many statistical measures that can use Putnam Small historical prices to predict the future Putnam Small's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Putnam Small'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.
Hype
Prediction
LowEstimatedHigh
9.6610.8912.12
Details
Intrinsic
Valuation
LowRealHigh
9.5710.8012.03
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Putnam Small. Your research has to be compared to or analyzed against Putnam Small's peers to derive any actionable benefits. When done correctly, Putnam Small's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Putnam Small Cap.

Putnam Small Cap Backtested Returns

We consider Putnam Small not too volatile. Putnam Small Cap maintains Sharpe Ratio (i.e., Efficiency) of 0.0208, which implies the entity had a 0.0208% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Putnam Small Cap, which you can use to evaluate the volatility of the fund. Please check Putnam Small's Semi Deviation of 1.24, risk adjusted performance of 0.0229, and Coefficient Of Variation of 3185.55 to confirm if the risk estimate we provide is consistent with the expected return of 0.0257%. The fund holds a Beta of 1.79, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Putnam Small will likely underperform.

Auto-correlation

    
  0.52  

Modest predictability

Putnam Small Cap has modest predictability. Overlapping area represents the amount of predictability between Putnam Small time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 Small Cap price movement. The serial correlation of 0.52 indicates that about 52.0% of current Putnam Small price fluctuation can be explain by its past prices.
Correlation Coefficient0.52
Spearman Rank Test0.54
Residual Average0.0
Price Variance0.03

Putnam Small Cap lagged returns against current returns

Autocorrelation, which is Putnam Small 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 Small's mutual fund expected returns. We can calculate the autocorrelation of Putnam Small returns to help us make a trade decision. For example, suppose you find that Putnam Small 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 Small 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 Small mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Putnam Small 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 Small mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Putnam Small Lagged Returns

When evaluating Putnam Small's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Putnam Small mutual fund have on its future price. Putnam Small 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 Small autocorrelation shows the relationship between Putnam Small mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Putnam Small Cap.
   Regressed Prices   
       Timeline  

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Check out Putnam Small Correlation, Putnam Small Volatility and Putnam Small Alpha and Beta module to complement your research on Putnam Small.
Note that the Putnam Small Cap information on this page should be used as a complementary analysis to other Putnam Small's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.

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When running Putnam Small's price analysis, check to measure Putnam Small's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Putnam Small is operating at the current time. Most of Putnam Small's value examination focuses on studying past and present price action to predict the probability of Putnam Small's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Putnam Small's price. Additionally, you may evaluate how the addition of Putnam Small to your portfolios can decrease your overall portfolio volatility.
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Putnam Small 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.
A focus of Putnam Small technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Putnam Small trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...