Putnam Dynamic Asset Fund Market Value

PACDX Fund  USD 10.60  0.04  0.38%   
Putnam Dynamic's market value is the price at which a share of Putnam Dynamic trades on a public exchange. It measures the collective expectations of Putnam Dynamic Asset investors about its performance. Putnam Dynamic is trading at 10.60 as of the 28th of March 2024; that is 0.38 percent up since the beginning of the trading day. The fund's open price was 10.56.
With this module, you can estimate the performance of a buy and hold strategy of Putnam Dynamic Asset and determine expected loss or profit from investing in Putnam Dynamic over a given investment horizon. Check out Putnam Dynamic Correlation, Putnam Dynamic Volatility and Putnam Dynamic Alpha and Beta module to complement your research on Putnam Dynamic.
Symbol

Please note, there is a significant difference between Putnam Dynamic's value and its price as these two are different measures arrived at by different means. Investors typically determine if Putnam Dynamic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Putnam Dynamic'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.

Putnam Dynamic 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Putnam Dynamic's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Putnam Dynamic.
0.00
04/03/2023
No Change 0.00  0.0 
In 11 months and 27 days
03/28/2024
0.00
If you would invest  0.00  in Putnam Dynamic on April 3, 2023 and sell it all today you would earn a total of 0.00 from holding Putnam Dynamic Asset or generate 0.0% return on investment in Putnam Dynamic over 360 days. Putnam Dynamic is related to or competes with Putnam Multi-cap, Putnam Multi-cap, Putnam Sustainable, Putnam Equity, Putnam Small, Putnam Small, and Putnam Small. The fund allocates 15 percent to 45 percent of its assets in equities and 55 percent to 85 percent in fixed income secur... More

Putnam Dynamic Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Putnam Dynamic's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Putnam Dynamic Asset upside and downside potential and time the market with a certain degree of confidence.

Putnam Dynamic Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Putnam Dynamic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Putnam Dynamic's standard deviation. In reality, there are many statistical measures that can use Putnam Dynamic historical prices to predict the future Putnam Dynamic's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Putnam Dynamic'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.
Hype
Prediction
LowEstimatedHigh
10.2410.6010.96
Details
Intrinsic
Valuation
LowRealHigh
10.1710.5310.89
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Putnam Dynamic. Your research has to be compared to or analyzed against Putnam Dynamic's peers to derive any actionable benefits. When done correctly, Putnam Dynamic's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Putnam Dynamic Asset.

Putnam Dynamic Asset Backtested Returns

We consider Putnam Dynamic very steady. Putnam Dynamic Asset maintains Sharpe Ratio (i.e., Efficiency) of 0.19, which implies the entity had a 0.19% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Putnam Dynamic Asset, which you can use to evaluate the volatility of the fund. Please check Putnam Dynamic's Semi Deviation of 0.1312, risk adjusted performance of 0.1029, and Coefficient Of Variation of 511.81 to confirm if the risk estimate we provide is consistent with the expected return of 0.0675%. The fund holds a Beta of 0.51, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Putnam Dynamic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Putnam Dynamic is expected to be smaller as well.

Auto-correlation

    
  0.32  

Below average predictability

Putnam Dynamic Asset has below average predictability. Overlapping area represents the amount of predictability between Putnam Dynamic time series from 3rd of April 2023 to 30th of September 2023 and 30th of September 2023 to 28th of March 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Putnam Dynamic Asset price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Putnam Dynamic price fluctuation can be explain by its past prices.
Correlation Coefficient0.32
Spearman Rank Test0.33
Residual Average0.0
Price Variance0.19

Putnam Dynamic Asset lagged returns against current returns

Autocorrelation, which is Putnam Dynamic mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Putnam Dynamic's mutual fund expected returns. We can calculate the autocorrelation of Putnam Dynamic returns to help us make a trade decision. For example, suppose you find that Putnam Dynamic has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

Putnam Dynamic regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Putnam Dynamic mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Putnam Dynamic mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Putnam Dynamic mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Putnam Dynamic Lagged Returns

When evaluating Putnam Dynamic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Putnam Dynamic mutual fund have on its future price. Putnam Dynamic autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Putnam Dynamic autocorrelation shows the relationship between Putnam Dynamic mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Putnam Dynamic Asset.
   Regressed Prices   
       Timeline  

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Putnam Dynamic in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Putnam Dynamic's short interest history, or implied volatility extrapolated from Putnam Dynamic options trading.

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Check out Putnam Dynamic Correlation, Putnam Dynamic Volatility and Putnam Dynamic Alpha and Beta module to complement your research on Putnam Dynamic.
Note that the Putnam Dynamic Asset information on this page should be used as a complementary analysis to other Putnam Dynamic'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 Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.

Complementary Tools for Putnam Mutual Fund analysis

When running Putnam Dynamic's price analysis, check to measure Putnam Dynamic'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 Dynamic is operating at the current time. Most of Putnam Dynamic's value examination focuses on studying past and present price action to predict the probability of Putnam Dynamic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Putnam Dynamic's price. Additionally, you may evaluate how the addition of Putnam Dynamic to your portfolios can decrease your overall portfolio volatility.
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Putnam Dynamic technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
A focus of Putnam Dynamic technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Putnam Dynamic trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...