Putnam Floating Rate Fund Technical Analysis

PFRYX Fund  USD 8.00  0.01  0.12%   
As of the 28th of March, Putnam Floating holds the Variance of 0.0252, risk adjusted performance of 0.103, and Coefficient Of Variation of 434.08. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Putnam Floating, as well as the relationship between them. Put it differently, you can use this information to find out if the fund will indeed mirror its model of past market data, or the prices will eventually revert. We have analyzed and interpolated thirteen technical drivers for Putnam Floating Rate, which can be compared to its competitors. Please check Putnam Floating Rate standard deviation, as well as the relationship between the treynor ratio and potential upside to decide if Putnam Floating Rate is priced some-what accurately, providing market reflects its current price of 8.0 per share.

Putnam Floating Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Putnam, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Putnam
  
Putnam Floating's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.
Putnam Floating 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 Floating technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Putnam Floating 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...

Putnam Floating Rate Technical Analysis

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The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Putnam Floating Rate volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Putnam Floating Rate Trend Analysis

Use this graph to draw trend lines for Putnam Floating Rate. You can use it to identify possible trend reversals for Putnam Floating as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Putnam Floating price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Putnam Floating Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Putnam Floating Rate applied against its price change over selected period. The best fit line has a slop of    , which means Putnam Floating Rate will continue generating value for investors. It has 122 observation points and a regression sum of squares at 0.29, which is the sum of squared deviations for the predicted Putnam Floating price change compared to its average price change.

About Putnam Floating Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Putnam Floating Rate on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Putnam Floating Rate based on its technical analysis. In general, a bottom-up approach, as applied to this mutual fund, focuses on Putnam Floating Rate price pattern first instead of the macroeconomic environment surrounding Putnam Floating Rate. By analyzing Putnam Floating's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Putnam Floating's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Putnam Floating specific price patterns or momentum indicators. Please read more on our technical analysis page.

Putnam Floating March 28, 2024 Technical Indicators

Most technical analysis of Putnam help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Putnam from various momentum indicators to cycle indicators. When you analyze Putnam charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Putnam Floating Rate One Year Return

Based on the recorded statements, Putnam Floating Rate has an One Year Return of 12.7825%. This is 20.65% lower than that of the Putnam family and significantly higher than that of the Bank Loan category. The one year return for all United States funds is notably lower than that of the firm.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Putnam Floating Rate. 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 manufacturing.
You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..

Complementary Tools for Putnam Mutual Fund analysis

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