Putnam risk analysis

Use Putnam Voyager B risk analysis together with your other fund asset holdings to enhance returns of your portfolios as well as to check it against diversification policy that fits your risk preferences.  Optimize Portfolio

Projected Return Density against Market

Assuming 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

	(alpha)	=	1.15	Details
	(beta)	=	1.15	Details
	(volatility)	=	0.68	Details

Actual Return Volatility

Putnam 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.