Putnam Equity Income Fund Market Value
| PEIYX Fund | USD 33.20 0.05 0.15% |
| Symbol | Putnam |
Putnam Equity '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 Equity'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 Equity.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Putnam Equity on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Putnam Equity Income or generate 0.0% return on investment in Putnam Equity over 30 days. Putnam Equity is related to or competes with Putnam Growth, Putnam International, George Putnam, Putnam Multi, and Putnam Income. The fund invests mainly in common stocks of U.S More
Putnam Equity 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 Equity'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 Equity Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6346 | |||
| Information Ratio | 0.099 | |||
| Maximum Drawdown | 2.44 | |||
| Value At Risk | (1.05) | |||
| Potential Upside | 1.0 |
Putnam Equity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Putnam Equity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Putnam Equity's standard deviation. In reality, there are many statistical measures that can use Putnam Equity historical prices to predict the future Putnam Equity's volatility.| Risk Adjusted Performance | 0.1339 | |||
| Jensen Alpha | 0.064 | |||
| Total Risk Alpha | 0.061 | |||
| Sortino Ratio | 0.0901 | |||
| Treynor Ratio | 0.1309 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Putnam Equity'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 Equity Me Backtested Returns
We consider Putnam Equity very steady. Putnam Equity Me maintains Sharpe Ratio (i.e., Efficiency) of 0.2, which implies the entity had a 0.2% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Putnam Equity Me, which you can use to evaluate the volatility of the fund. Please check Putnam Equity's Semi Deviation of 0.4365, risk adjusted performance of 0.1339, and Coefficient Of Variation of 459.08 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%. The fund holds a Beta of 0.88, which implies possible diversification benefits within a given portfolio. Putnam Equity returns are very sensitive to returns on the market. As the market goes up or down, Putnam Equity is expected to follow.
Auto-correlation | -0.42 |
Modest reverse predictability
Putnam Equity Income has modest reverse predictability. Overlapping area represents the amount of predictability between Putnam Equity time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th of April 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 Equity Me price movement. The serial correlation of -0.42 indicates that just about 42.0% of current Putnam Equity price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
Putnam Equity Me lagged returns against current returns
Autocorrelation, which is Putnam Equity 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 Equity's mutual fund expected returns. We can calculate the autocorrelation of Putnam Equity returns to help us make a trade decision. For example, suppose you find that Putnam Equity 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 Equity 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 Equity mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Putnam Equity 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 Equity mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Putnam Equity Lagged Returns
When evaluating Putnam Equity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Putnam Equity mutual fund have on its future price. Putnam Equity 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 Equity autocorrelation shows the relationship between Putnam Equity mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Putnam Equity Income.
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 Equity 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 Equity's short interest history, or implied volatility extrapolated from Putnam Equity options trading.
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Check out Putnam Equity Correlation, Putnam Equity Volatility and Putnam Equity Alpha and Beta module to complement your research on Putnam Equity. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
Putnam Equity 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.