Putnam Tax Exempt Fund Probability of Future Mutual Fund Price Finishing Over 7.75
| PTECX Fund | USD 7.75 0.02 0.26% |
Putnam |
Putnam Tax Target Price Odds to finish over 7.75
The tendency of Putnam Mutual Fund price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move above the current price in 90 days |
| 7.75 | 90 days | 7.75 | about 92.98 |
Based on a normal probability distribution, the odds of Putnam Tax to move above the current price in 90 days from now is about 92.98 (This Putnam Tax Exempt probability density function shows the probability of Putnam Mutual Fund to fall within a particular range of prices over 90 days) .
Assuming the 90 days horizon Putnam Tax Exempt has a beta of -0.0289 indicating as returns on the benchmark increase, returns on holding Putnam Tax are expected to decrease at a much lower rate. During a bear market, however, Putnam Tax Exempt is likely to outperform the market. Additionally Putnam Tax Exempt has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Putnam Tax Price Density |
| Price |
Predictive Modules for Putnam Tax
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Putnam Tax Exempt. Regardless of method or technology, however, to accurately forecast the mutual fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the mutual fund market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Putnam Tax's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Putnam Tax Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Putnam Tax is not an exception. The market had few large corrections towards the Putnam Tax's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Putnam Tax Exempt, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Putnam Tax within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.02 | |
β | Beta against NYSE Composite | -0.03 | |
σ | Overall volatility | 0.04 | |
Ir | Information ratio | -0.3 |
Putnam Tax Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Putnam Tax for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Putnam Tax Exempt can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| The fund generated three year return of -2.0% | |
| Putnam Tax Exempt maintains most of the assets in different exotic instruments. |
Putnam Tax Technical Analysis
Putnam Tax's future price can be derived by breaking down and analyzing its technical indicators over time. Putnam Mutual Fund technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Putnam Tax Exempt. In general, you should focus on analyzing Putnam Mutual Fund price patterns and their correlations with different microeconomic environments and drivers.
Putnam Tax Predictive Forecast Models
Putnam Tax's time-series forecasting models is one of many Putnam Tax's mutual fund analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Putnam Tax's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the mutual fund market movement and maximize returns from investment trading.
Things to note about Putnam Tax Exempt
Checking the ongoing alerts about Putnam Tax for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Putnam Tax Exempt help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| The fund generated three year return of -2.0% | |
| Putnam Tax Exempt maintains most of the assets in different exotic instruments. |
Check out Putnam Tax Backtesting, Portfolio Optimization, Putnam Tax Correlation, Putnam Tax Hype Analysis, Putnam Tax Volatility, Putnam Tax History as well as Putnam Tax Performance. Note that the Putnam Tax Exempt information on this page should be used as a complementary analysis to other Putnam Tax'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 Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.