Putnam Massachusetts Tax Fund Price on October 28, 2024
| PMATX Fund | USD 9.17 0.02 0.22% |
Below is the normalized historical share price chart for Putnam Massachusetts Tax extending back to May 21, 2018. 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 Massachusetts stands at 9.17, as last reported on the 1st of December, with the highest price reaching 9.17 and the lowest price hitting 9.17 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 Massachusetts Tax maintains Sharpe Ratio (i.e., Efficiency) of 0.0574, which implies the entity had a 0.0574% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Putnam Massachusetts Tax, which you can use to evaluate the volatility of the fund. Please check Putnam Massachusetts' Risk Adjusted Performance of 0.037, coefficient of variation of 1309.08, and Semi Deviation of 0.1829 to confirm if the risk estimate we provide is consistent with the expected return of 0.014%.
Putnam Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Putnam |
Sharpe Ratio = 0.0574
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| Negative Returns | PMATX |
Estimated Market Risk
| 0.24 actual daily | 2 98% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Putnam Massachusetts is performing at about 4% 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 Massachusetts by adding it to a well-diversified portfolio.
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Putnam Massachusetts Valuation on October 28, 2024
It is possible to determine the worth of Putnam Massachusetts on a given historical date. On October 28, 2024 Putnam was worth 9.05 at the beginning of the trading date compared to the closed value of 9.05. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Putnam Massachusetts mutual fund. Still, in general, we apply an absolute valuation method to find Putnam Massachusetts' 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 Massachusetts where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Putnam Massachusetts' related companies.
| Open | High | Low | Close | Volume | |
| 9.05 | 9.05 | 9.05 | 9.05 | 1.00 | |
10/28/2024 | 9.05 | 9.05 | 9.05 | 9.05 | 1.00 |
| 9.02 | 9.02 | 9.02 | 9.02 | 1.00 |
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Putnam Massachusetts Trading Date Momentum on October 28, 2024
| On October 29 2024 Putnam Massachusetts Tax was traded for 9.02 at the closing time. The highest daily price throughout the period was 9.02 and the lowest price was 9.02 . There was no trading activity during the period 1.0. Lack of trading volume on 10/29/2024 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 0.33% . The trading delta at closing time to current closing price is 0.33% . |
Putnam Massachusetts Tax Fundamentals Correlations and Trends
By evaluating Putnam Massachusetts' 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 Massachusetts' 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 Massachusetts Mutual Fund history
Putnam Massachusetts 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 Massachusetts Tax 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 Massachusetts stock prices may prove useful in developing a viable investing in Putnam Massachusetts
The fund invests mainly in bonds that pay interest that is exempt from federal income tax and Massachusetts personal income tax , are investment-grade in quality, and have intermediate- to long-term maturities . It invests at least 80 percent of the funds net assets in tax-exempt investments.
Putnam Massachusetts Mutual Fund Technical Analysis
Putnam Massachusetts 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 Massachusetts Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
Putnam Massachusetts Tax 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 Massachusetts December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Putnam Massachusetts 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 Massachusetts shares will generate the highest return on investment. By undertsting and applying Putnam Massachusetts mutual fund market strength indicators, traders can identify Putnam Massachusetts Tax entry and exit signals to maximize returns
Putnam Massachusetts Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Putnam Massachusetts' 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 | 0.037 | |||
| Jensen Alpha | 0.0194 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.32) | |||
| Treynor Ratio | (0.10) |
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Other Information on Investing in Putnam Mutual Fund
Putnam Massachusetts 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 Massachusetts security.
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