Projected Return Density against MarketAssuming 30 trading days horizon, the fund has beta cooficient of 1.15 . This implies Putnam Voyager B market returns are very sensitive to returns on the market. As the market benchmark goes up or down, Putnam is expected to follow. In addition to that, Putnam Voyager B has alpha of 1.15 implying that it can potentially generate 1.15% excess return over S&P 500 after adjusting for the inherited market risk (beta). Assuming 30 trading days horizon, the coefficient of variation of Putnam is 134.05. The daily returns are destributed with a variance of 0.47 and standard deviation of 0.68. The mean deviation of Putnam Voyager B is currently at 0.56. For similar time horizon, the selected benchmark (S&P 500) has volatility of 0.55
Actual Return VolatilityPutnam Voyager B shows 0.68% volatility of returns over 30 trading days. S&P 500 shows 0.55% volatility of returns over 30 trading days.
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Putnam Voyager B has a volatility of 0.68 and is 1.24 times more volatile than S&P 500. 8% of all equities and portfolios are less risky than Putnam. Compared with the overall equity markets, volatility of historical daily returns of Putnam Voyager B is lower than 8 (%) of all global equities and portfolios over the last 30 days. Use Putnam Voyager B to enhance returns of your portfolios. The fund experiences large bullish trend. Putnam returns are very sensitive to returns on the market. As market goes up or down, Putnam is expected to follow.
Putnam correlation with market
Putnam Current Risk Indicators
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