Putnam Global Technology Fund Quote
| PGTDX Fund | USD 52.07 0.54 1.05% |
Performance0 of 100
| Odds Of DistressLess than 21
|
Putnam Global is trading at 52.07 as of the 23rd of April 2024; that is 1.05 percent increase since the beginning of the trading day. The fund's open price was 51.53. Putnam Global has about a 21 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. Equity ratings for Putnam Global Technology are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 24th of March 2024 and ending today, the 23rd of April 2024. Click here to learn more.
The fund invests mainly in common stocks of large and midsize companies worldwide that the manager believes have favorable investment potential. Under normal circumstances, it invests at least 80 percent of its net assets in securities of companies in the technology industries. More on Putnam Global Technology
Moving against Putnam Mutual Fund
| 0.81 | NOGWQ | Nogin Inc | PairCorr |
| 0.73 | SBIGW | SpringBig Holdings | PairCorr |
| 0.7 | DLPX | Delphax Technologies | PairCorr |
| 0.66 | DMAN | Innovativ Media Group | PairCorr |
| 0.58 | CETXP | Cemtrex Pref | PairCorr |
| 0.53 | ELCO | Elcom International | PairCorr |
| 0.51 | VIDE | Video Display Report 4th of June 2024 | PairCorr |
Putnam Mutual Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Putnam Global's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Putnam Global or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Fund Concentration | Putnam Funds, Large Growth Funds, Technology Funds, Technology, Putnam (View all Sectors) |
| Update Date | 31st of March 2024 |
| Expense Ratio Date | 30th of December 2022 |
| Fiscal Year End | August |
Putnam Global Technology [PGTDX] is traded in USA and was established 23rd of April 2024. Putnam Global is listed under Putnam category by Fama And French industry classification. The fund is listed under Technology category and is part of Putnam family. This fund at this time has accumulated 930.93 M in assets with no minimum investment requirementsPutnam Global Technology is currently producing year-to-date (YTD) return of 8.96%, while the total return for the last 3 years was 3.83%.
Check Putnam Global Probability Of Bankruptcy
Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Putnam Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Putnam Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Putnam Global Technology Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Putnam Global Technology Mutual Fund Constituents
| PYPL | PayPal Holdings | Stock | Financials |
| NFLX | Netflix | Stock | Communication Services |
| AMAT | Applied Materials | Stock | Information Technology |
| NOW | ServiceNow | Stock | Information Technology |
| BIDU | Baidu Inc | Stock | Communication Services |
| AAPL | Apple Inc | Stock | Information Technology |
| AMZN | Amazon Inc | Stock | Consumer Discretionary |
Putnam Global Target Price Odds Analysis
Based on a normal probability distribution, the odds of Putnam Global jumping above the current price in 90 days from now is more than 94.0%. The Putnam Global Technology probability density function shows the probability of Putnam Global mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon the mutual fund has a beta coefficient of 1.2711 indicating as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Putnam Global will likely underperform. Additionally, putnam Global Technology has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Putnam Global to move above the current price in 90 days from now is more than 94.0 (This Putnam Global Technology probability density function shows the probability of Putnam Mutual Fund to fall within a particular range of prices over 90 days) .
Putnam Global Technology Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Putnam Global market risk premium is the additional return an investor will receive from holding Putnam Global long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Putnam Global. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Putnam Global's alpha and beta are two of the key measurements used to evaluate Putnam Global's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.989 | |||
| Semi Deviation | 1.18 | |||
| Standard Deviation | 1.3 | |||
| Variance | 1.69 |
Putnam Global Against Markets
Picking the right benchmark for Putnam Global mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Putnam Global mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Putnam Global is critical whether you are bullish or bearish towards Putnam Global Technology at a given time. Please also check how Putnam Global's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Putnam Global without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy Putnam Mutual Fund?
Before investing in Putnam Global, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Putnam Global. To buy Putnam Global fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Putnam Global. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Putnam Global fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Putnam Global Technology fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Putnam Global Technology fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Putnam Global Technology, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Putnam Global Technology?
The danger of trading Putnam Global Technology is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Putnam Global is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Putnam Global. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Putnam Global Technology is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Putnam Global Technology. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. Note that the Putnam Global Technology information on this page should be used as a complementary analysis to other Putnam Global'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 Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.