|Horizon||30 Days Login to change|
PUTNAM WT Target Price Odds to finish over
|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
|10.23||30 days||10.23||CLOSE TO 99%|
Based on normal probability distribution, the odds of PUTNAM WT to move above current price in 30 days from now is close to 99% (This PUTNAM WT TOT RETURN M EO probability density function shows the probability of PUTNAM WT ETF to fall within a particular range of prices over 30 days) .Assuming 30 trading days horizon, PUTNAM WT TOT RETURN M EO has beta of -0.3782 . This implies as returns on benchmark increase, returns on holding PUTNAM WT are expected to decrease at a much smaller rate. During bear market, however, PUTNAM WT TOT RETURN M EO is likely to outperform the market. Additionally The company has a negative alpha implying that the risk taken by holding this equity is not justified. PUTNAM WT TOT is significantly underperforming DOW.
PUTNAM WT Price Density
|Alpha over DOW||=||0.23|
|Beta against DOW||=||0.38|