Putnam Mutual Fund Quote

Putnam New is trading at 8.94 as of the 16th of September 2021; that is No Change since the beginning of the trading day. The fund's open price was 8.94. Equity ratings for Putnam New York are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 17th of August 2021 and ending today, the 16th of September 2021. Click here to learn more.

Putnam New Mutual Fund Profile

The investment seeks as high a level of current income exempt from federal income tax and New York State and City personal income taxes as the adviser believes is consistent with preservation of capital. Putnam New is traded on NASDAQ Exchange in the United States. more on Putnam New
Putnam New York is not yet fully synchronised with the market data
Putnam New York generates negative expected return over the last 90 days
Putnam New York is unlikely to experience financial distress in the next 2 years
The fund maintains about 7.17% of its assets in cash
Legal NamePutnam New York
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Putnam New's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Not RatedFairly Valued
Beta In Three Year1.21
Startdate31st of July 2002
Putnam New York [PEIBX] is traded in USA and was established 16th of September 2021. The fund is listed under Muni New York Long category and is part of Putnam family. Putnam New York at this time has accumulated 1.05 B in assets with minimum initial investment of 0. , while the total return for the last 3 years was 2.05%.
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Putnam New Target Price Odds Analysis

What are Putnam New's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Putnam New jumping above the current price in 90 days from now is about 88.87%. The Putnam New York probability density function shows the probability of Putnam New mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Putnam New York has a beta of -0.0165 indicating as returns on benchmark increase, returns on holding Putnam New are expected to decrease at a much lower rate. During the bear market, however, Putnam New York is likely to outperform the market. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Putnam New York is significantly underperforming DOW.
 Odds Down 8.94HorizonTargetOdds Up 8.94 
8.77%90 days
Based on a normal probability distribution, the odds of Putnam New to move above the current price in 90 days from now is about 88.87 (This Putnam New York probability density function shows the probability of Putnam Mutual Fund to fall within a particular range of prices over 90 days) .

Putnam New York Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Putnam New market risk premium is the additional return an investor will receive from holding Putnam New 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 New. 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 New's alpha and beta are two of the key measurements used to evaluate Putnam New's performance over the market, the standard measures of volatility play an important role as well.

Putnam New Against Markets

Picking the right benchmark for Putnam New 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 New 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 New is critical whether you are bullish or bearish towards Putnam New York at a given time.

View Currently Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Putnam New mutual fund to make a market-neutral strategy. Peer analysis of Putnam New could also be used in its relative valuation, which is a method of valuing Putnam New by comparing valuation metrics with similar companies.
Please check Your Equity Center. Note that the Putnam New York information on this page should be used as a complementary analysis to other Putnam New'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 Commodity Channel Index module to use Commodity Channel Index to analyze current equity momentum.

Complementary Tools for Putnam Mutual Fund analysis

When running Putnam New York price analysis, check to measure Putnam New'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 New is operating at the current time. Most of Putnam New's value examination focuses on studying past and present price action to predict the probability of Putnam New's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Putnam New's price. Additionally, you may evaluate how the addition of Putnam New to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Putnam New's value and its price as these two are different measures arrived at by different means. Investors typically determine Putnam New value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Putnam New'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.