Putnam Minnesota Tax Fund Probability of Future Mutual Fund Price Finishing Under 8.8
| PXMNX Fund | USD 8.87 0.02 0.23% |
Putnam |
Putnam Minnesota Target Price Odds to finish below 8.8
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 drop to $ 8.80 or more in 90 days |
| 8.87 | 90 days | 8.80 | about 32.65 |
Based on a normal probability distribution, the odds of Putnam Minnesota to drop to $ 8.80 or more in 90 days from now is about 32.65 (This Putnam Minnesota Tax probability density function shows the probability of Putnam Mutual Fund to fall within a particular range of prices over 90 days) . Probability of Putnam Minnesota Tax price to stay between $ 8.80 and its current price of $8.87 at the end of the 90-day period is about 50.14 .
Assuming the 90 days horizon Putnam Minnesota Tax has a beta of -0.0986 indicating as returns on the benchmark increase, returns on holding Putnam Minnesota are expected to decrease at a much lower rate. During a bear market, however, Putnam Minnesota Tax is likely to outperform the market. Additionally Putnam Minnesota Tax has an alpha of 0.0189, implying that it can generate a 0.0189 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Putnam Minnesota Price Density |
| Price |
Predictive Modules for Putnam Minnesota
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 Minnesota Tax. 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.Putnam Minnesota Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Putnam Minnesota is not an exception. The market had few large corrections towards the Putnam Minnesota'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 Minnesota Tax, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Putnam Minnesota within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.02 | |
β | Beta against Dow Jones | -0.1 | |
σ | Overall volatility | 0.05 | |
Ir | Information ratio | -0.43 |
Putnam Minnesota 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 Minnesota for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Putnam Minnesota Tax can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Latest headline from news.google.com: Royce Small-Cap Opportunity Fund Q3 2024 Commentary - Seeking Alpha | |
| The fund generated three year return of 0.0% | |
| Putnam Minnesota Tax maintains most of the assets in different exotic instruments. |
Putnam Minnesota Technical Analysis
Putnam Minnesota'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 Minnesota Tax. In general, you should focus on analyzing Putnam Mutual Fund price patterns and their correlations with different microeconomic environments and drivers.
Putnam Minnesota Predictive Forecast Models
Putnam Minnesota's time-series forecasting models is one of many Putnam Minnesota'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 Minnesota'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 Minnesota Tax
Checking the ongoing alerts about Putnam Minnesota for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Putnam Minnesota Tax help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Latest headline from news.google.com: Royce Small-Cap Opportunity Fund Q3 2024 Commentary - Seeking Alpha | |
| The fund generated three year return of 0.0% | |
| Putnam Minnesota Tax maintains most of the assets in different exotic instruments. |
Other Information on Investing in Putnam Mutual Fund
Putnam Minnesota financial ratios help investors to determine whether Putnam Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Putnam with respect to the benefits of owning Putnam Minnesota security.
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