Putnam New York Fund Quote
| PNNCX Fund | USD 7.87 0.01 0.13% |
Performance0 of 100
| Odds Of DistressLess than 22
|
Putnam New is trading at 7.87 as of the 23rd of April 2024; that is 0.13 percent up since the beginning of the trading day. The fund's open price was 7.86. Putnam New has about a 22 % 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 New York 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.
Under normal circumstances, the fund invests so that at least 90 percent of the funds income distributions are exempt from federal income tax and New York State and City personal income taxes, except during times of adverse market conditions, when more than 10 percent of the funds income distributions could be subject to these taxes.. More on Putnam New York
Moving together with Putnam Mutual Fund
| 0.82 | PEXTX | Putnam Tax Exempt | 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 New's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Putnam New or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Fund Concentration | Putnam Funds, Large Funds, Muni New York Long Funds, Muni New York Long, Putnam (View all Sectors) |
| Update Date | 31st of March 2024 |
| Expense Ratio Date | 30th of March 2023 |
| Fiscal Year End | November |
Putnam New York [PNNCX] is traded in USA and was established 23rd of April 2024. Putnam New is listed under Putnam category by Fama And French industry classification. The fund is listed under Muni New York Long category and is part of Putnam family. This fund at this time has accumulated 810.13 M in assets with no minimum investment requirementsPutnam New York is currently producing year-to-date (YTD) return of 0.22% with the current yeild of 0.0%, while the total return for the last 3 years was -2.12%.
Check Putnam New Probability Of Bankruptcy
Instrument Allocation
Putnam New Target Price Odds Analysis
Based on a normal probability distribution, the odds of Putnam New jumping above the current price in 90 days from now is more than 94.0%. 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 has a beta of 0.0733 indicating as returns on the market go up, Putnam New average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Putnam New York will be expected to be much smaller as well. Additionally, putnam New York 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 New to move above the current price in 90 days from now is more than 94.0 (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.
| Mean Deviation | 0.1438 | |||
| Standard Deviation | 0.2193 | |||
| Variance | 0.0481 | |||
| Risk Adjusted Performance | (0.04) |
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. Please also check how Putnam New'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 New 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?
Run Technical Analysis Now
Technical AnalysisCheck basic technical indicators and analysis based on most latest market data |
| All Next | Launch Module |
How to buy Putnam Mutual Fund?
Before investing in Putnam New, 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 New. To buy Putnam New fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Putnam New. 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 New fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Putnam New York 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 New York 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 New York, 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 New York?
The danger of trading Putnam New York 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 New 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 New. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Putnam New York 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 New York. 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 main economic indicators. 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 the Content Syndication module to quickly integrate customizable finance content to your own investment portal.