Putnam Municipal Stock Forecast - Daily Balance Of Power
| PMO Stock | USD 10.22 0.01 0.1% |
Putnam Stock Forecast is based on your current time horizon. Although Putnam Municipal's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Putnam Municipal's systematic risk associated with finding meaningful patterns of Putnam Municipal fundamentals over time.
Putnam |
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| (0.36) | 0.1304 |
| Check Putnam Municipal Volatility | Backtest Putnam Municipal | Trend Details |
Putnam Municipal Trading Date Momentum
| On December 22 2024 Putnam Municipal Opportunities was traded for 10.22 at the closing time. Highest Putnam Municipal's price during the trading hours was 10.37 and the lowest price during the day was 10.14 . There was no trading activity during the period 0.0. Lack of trading volume on the 22nd of December did not cause price change. The trading delta at closing time to current price is 0.29% . |
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
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Other Forecasting Options for Putnam Municipal
For every potential investor in Putnam, whether a beginner or expert, Putnam Municipal's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Putnam Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Putnam. Basic forecasting techniques help filter out the noise by identifying Putnam Municipal's price trends.Putnam Municipal Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Putnam Municipal stock to make a market-neutral strategy. Peer analysis of Putnam Municipal could also be used in its relative valuation, which is a method of valuing Putnam Municipal by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Putnam Municipal Opp Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Putnam Municipal's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Putnam Municipal's current price.| Cycle Indicators | ||
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| Volume Indicators |
Putnam Municipal Market Strength Events
Market strength indicators help investors to evaluate how Putnam Municipal stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Putnam Municipal shares will generate the highest return on investment. By undertsting and applying Putnam Municipal stock market strength indicators, traders can identify Putnam Municipal Opportunities entry and exit signals to maximize returns.
Putnam Municipal Risk Indicators
The analysis of Putnam Municipal's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Putnam Municipal's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting putnam stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 0.6031 | |||
| Standard Deviation | 0.8021 | |||
| Variance | 0.6434 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Pair Trading with Putnam Municipal
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Putnam Municipal position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Putnam Municipal will appreciate offsetting losses from the drop in the long position's value.Moving against Putnam Stock
| 0.53 | LC | LendingClub Corp | PairCorr |
| 0.49 | MS | Morgan Stanley Fiscal Year End 21st of January 2025 | PairCorr |
| 0.46 | AB | AllianceBernstein Normal Trading | PairCorr |
| 0.45 | V | Visa Class A | PairCorr |
| 0.45 | SF | Stifel Financial Fiscal Year End 22nd of January 2025 | PairCorr |
The ability to find closely correlated positions to Putnam Municipal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Putnam Municipal when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Putnam Municipal - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Putnam Municipal Opportunities to buy it.
The correlation of Putnam Municipal is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Putnam Municipal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Putnam Municipal Opp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Putnam Municipal can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Historical Fundamental Analysis of Putnam Municipal to cross-verify your projections. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Putnam Municipal. If investors know Putnam will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Putnam Municipal listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.95) | Dividend Share 0.619 | Earnings Share 0.59 | Revenue Per Share 0.632 | Quarterly Revenue Growth 0.105 |
The market value of Putnam Municipal Opp is measured differently than its book value, which is the value of Putnam that is recorded on the company's balance sheet. Investors also form their own opinion of Putnam Municipal's value that differs from its market value or its book value, called intrinsic value, which is Putnam Municipal's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Putnam Municipal's market value can be influenced by many factors that don't directly affect Putnam Municipal's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Putnam Municipal's value and its price as these two are different measures arrived at by different means. Investors typically determine if Putnam Municipal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Putnam Municipal'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.