Putnam High Yield Fund Buy Hold or Sell Recommendation

PHAYX Fund  USD 5.87  0.01  0.17%   
Assuming the 90 days horizon and your above-average risk tolerance, our recommendation regarding Putnam High Yield is 'Strong Sell'. A buy or sell recommendation is an automated directive regarding whether to purchase or sell Putnam High Yield given historical horizon and risk tolerance. When we issue a 'buy' or 'sell' recommendation for Putnam High Yield, the advice is generated through an automated system that utilizes algorithms and statistical models.
  
Check out Putnam High Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
Note, we conduct extensive research on individual funds such as Putnam and provide practical buy, sell, or hold recommendation based on investors' investing horizon and their risk tolerance towards Putnam High Yield. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Execute Putnam High Buy or Sell Advice

The Putnam recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Putnam High Yield. Macroaxis does not own or have any residual interests in Putnam High Yield or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Putnam High's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell Putnam HighBuy Putnam High
Strong Sell

Market Performance

GoodDetails

Volatility

Very steadyDetails

Hype Condition

StaleDetails

Current Valuation

OvervaluedDetails

Odds Of Distress

LowDetails

Economic Sensitivity

Barely shadows the marketDetails

Analyst Consensus

Not AvailableDetails
For the selected time horizon Putnam High Yield has a Mean Deviation of 0.1009, Standard Deviation of 0.1375, Variance of 0.0189, Downside Variance of 0.04, Semi Variance of (0.01) and Expected Short fall of (0.20)
We provide trade recommendations to complement the recent expert consensus on Putnam High Yield. Our dynamic recommendation engine exercises a multidimensional algorithm to analyze the entity's potential to grow using all technical and fundamental data available at the time. Use Putnam High Yield total asset and ten year return to ensure your buy or sell decision on Putnam High Yield is adequate.

Putnam High Trading Alerts and Improvement Suggestions

The fund maintains about 5.46% of its assets in cash

Putnam High Returns Distribution Density

The distribution of Putnam High's historical returns is an attempt to chart the uncertainty of Putnam High's future price movements. The chart of the probability distribution of Putnam High daily returns describes the distribution of returns around its average expected value. We use Putnam High Yield price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Putnam High returns is essential to provide solid investment advice for Putnam High.
Mean Return
0.02
Value At Risk
-0.17
Potential Upside
0.17
Standard Deviation
0.14
   Return Density   
       Distribution  
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Putnam High historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

Putnam High Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Putnam High or Putnam sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Putnam High's price will be affected by overall mutual fund market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Putnam fund's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over Dow Jones
0.01
β
Beta against Dow Jones0.07
σ
Overall volatility
0.13
Ir
Information ratio -0.56

Putnam High Volatility Alert

Putnam High Yield exhibits very low volatility with skewness of 0.12 and kurtosis of 0.31. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Putnam High's mutual fund risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Putnam High's mutual fund price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.

Putnam High Fundamentals Vs Peers

Comparing Putnam High's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Putnam High's direct or indirect competition across all of the common fundamentals between Putnam High and the related equities. This way, we can detect undervalued stocks with similar characteristics as Putnam High or determine the mutual funds which would be an excellent addition to an existing portfolio. Peer analysis of Putnam High's fundamental indicators could also be used in its relative valuation, which is a method of valuing Putnam High by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare Putnam High to competition
FundamentalsPutnam HighPeer Average
Annual Yield0.06 %0.29 %
Year To Date Return9.01 %0.39 %
One Year Return12.27 %4.15 %
Three Year Return2.87 %3.60 %
Five Year Return4.03 %3.24 %
Ten Year Return5.97 %1.79 %
Net Asset1.42 B4.11 B
Last Dividend Paid0.020.65
Cash Position Weight5.46 %10.61 %
Equity Positions Weight1.20 %63.90 %
Bond Positions Weight8.16 %11.24 %

Putnam High Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Putnam . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

About Putnam High Buy or Sell Advice

When is the right time to buy or sell Putnam High Yield? Buying financial instruments such as Putnam Mutual Fund isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.

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In addition to having Putnam High in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Other Information on Investing in Putnam Mutual Fund

Putnam High 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 High security.
Pair Correlation
Compare performance and examine fundamental relationship between any two equity instruments
Fundamental Analysis
View fundamental data based on most recent published financial statements
Portfolio Suggestion
Get suggestions outside of your existing asset allocation including your own model portfolios