Putnam High Yield Fund Price on December 2, 2024
| PFJAX Fund | USD 5.43 0.01 0.18% |
Below is the normalized historical share price chart for Putnam High Yield extending back to January 20, 2009. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Putnam High stands at 5.43, as last reported on the 11th of December 2024, with the highest price reaching 5.43 and the lowest price hitting 5.43 during the day.
If you're considering investing in Putnam Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider Putnam Mutual Fund to be very steady. Putnam High Yield maintains Sharpe Ratio (i.e., Efficiency) of 0.19, which implies the entity had a 0.19% return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Putnam High Yield, which you can use to evaluate the volatility of the fund. Please check Putnam High's Risk Adjusted Performance of 0.1075, downside deviation of 0.2623, and Standard Deviation of 0.1353 to confirm if the risk estimate we provide is consistent with the expected return of 0.0266%.
Putnam Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Putnam |
Sharpe Ratio = 0.1944
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| Negative Returns | PFJAX |
Estimated Market Risk
| 0.14 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.19 actual daily | 15 85% of assets perform better |
Based on monthly moving average Putnam High is performing at about 15% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Putnam High by adding it to a well-diversified portfolio.
Putnam High Valuation on December 2, 2024
It is possible to determine the worth of Putnam High on a given historical date. On December 2, 2024 Putnam was worth 5.41 at the beginning of the trading date compared to the closed value of 5.41. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Putnam High mutual fund. Still, in general, we apply an absolute valuation method to find Putnam High's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Putnam High where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Putnam High's related companies.
| Open | High | Low | Close | Volume | |
| 5.41 | 5.41 | 5.41 | 5.41 | 1.00 | |
12/02/2024 | 5.41 | 5.41 | 5.41 | 5.41 | 1.00 |
| 5.42 | 5.42 | 5.42 | 5.42 | 1.00 |
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Putnam High Trading Date Momentum on December 2, 2024
| On December 03 2024 Putnam High Yield was traded for 5.42 at the closing time. The highest daily price throughout the period was 5.42 and the lowest price was 5.42 . There was no trading activity during the period 1.0. Lack of trading volume on 12/03/2024 added to the next day price jump. The trading delta at closing time to closing price of the next trading day was 0.18% . The trading delta at closing time to current closing price is 0.37% . |
Putnam High Yield Fundamentals Correlations and Trends
By evaluating Putnam High's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Putnam High's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Putnam financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Putnam High Mutual Fund history
Putnam High investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Putnam is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Putnam High Yield will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Putnam High stock prices may prove useful in developing a viable investing in Putnam High
The fund invests mainly in bonds that are obligations of U.S. companies, are below investment-grade in quality, and have intermediate- to long-term maturities. Under normal circumstances, it invests at least 80 percent of its net assets in securities rated below-investment-grade. The adviser may consider, among other factors, credit, interest rate and prepayment risks, as well as general market conditions, when deciding whether to buy or sell investments. The fund may also invest in other debt instruments, including loans.
Putnam High Mutual Fund Technical Analysis
Putnam High 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.
Price Boundaries
Putnam High Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Putnam High Yield cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Putnam High December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Putnam High mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Putnam High shares will generate the highest return on investment. By undertsting and applying Putnam High mutual fund market strength indicators, traders can identify Putnam High Yield entry and exit signals to maximize returns
Putnam High Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Putnam High's price direction in advance. Along with the technical and fundamental analysis of Putnam Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Putnam to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1075 | |||
| Jensen Alpha | 0.0162 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0.37) | |||
| Treynor Ratio | 1.03 |
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| Volume Indicators |
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.
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