Putnam Tax Exempt Fund Price on October 21, 2024
| PTEYX Fund | USD 7.80 0.00 0.00% |
Below is the normalized historical share price chart for Putnam Tax Exempt extending back to January 16, 2008. 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 Tax stands at 7.80, as last reported on the 29th of December, with the highest price reaching 7.80 and the lowest price hitting 7.80 during the day.
If you're considering investing in Putnam Mutual Fund, it is important to understand the factors that can impact its price. Putnam Tax Exempt maintains Sharpe Ratio (i.e., Efficiency) of -0.0864, which implies the entity had a -0.0864% return per unit of risk over the last 3 months. Putnam Tax Exempt exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Putnam Tax's Coefficient Of Variation of (1,623), risk adjusted performance of (0.06), and Variance of 0.1125 to confirm the risk estimate we provide.
Putnam Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Putnam |
Sharpe Ratio = -0.0864
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Estimated Market Risk
| 0.34 actual daily | 3 97% of assets are more volatile |
Expected Return
| -0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.09 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Putnam Tax is not performing at its full potential. However, 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 Tax by adding Putnam Tax to a well-diversified portfolio.
Putnam Tax Valuation on October 21, 2024
It is possible to determine the worth of Putnam Tax on a given historical date. On October 21, 2024 Putnam was worth 7.87 at the beginning of the trading date compared to the closed value of 7.87. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Putnam Tax mutual fund. Still, in general, we apply an absolute valuation method to find Putnam Tax'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 Tax where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Putnam Tax's related companies.
| Open | High | Low | Close | Volume | |
| 7.89 | 7.89 | 7.89 | 7.89 | 1.00 | |
10/21/2024 | 7.87 | 7.87 | 7.87 | 7.87 | 1.00 |
| 7.83 | 7.83 | 7.83 | 7.83 | 1.00 |
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Putnam Tax Trading Date Momentum on October 21, 2024
| On October 22 2024 Putnam Tax Exempt was traded for 7.83 at the closing time. The highest daily price throughout the period was 7.83 and the lowest price was 7.83 . There was no trading activity during the period 1.0. Lack of trading volume on 10/22/2024 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 0.51% . The trading delta at closing time to current closing price is 0.64% . |
Putnam Tax Exempt Fundamentals Correlations and Trends
By evaluating Putnam Tax'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 Tax'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 Tax Mutual Fund history
Putnam Tax 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 Tax Exempt 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 Tax stock prices may prove useful in developing a viable investing in Putnam Tax
The fund invests mainly in bonds that pay interest that is exempt from federal income tax , which are investment-grade in quality, and have intermediate- to long-term maturities . It invests at least 80 percent of its net assets in tax-exempt investments, which for purposes of this policy exclude investments paying interest subject to the federal AMT for individuals.
Putnam Tax Mutual Fund Technical Analysis
Putnam Tax 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 Tax Period Price Range
Low | December 29, 2024
| High |
0.00 | 0.00 |
Putnam Tax Exempt 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 Tax December 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Putnam Tax 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 Tax shares will generate the highest return on investment. By undertsting and applying Putnam Tax mutual fund market strength indicators, traders can identify Putnam Tax Exempt entry and exit signals to maximize returns
Putnam Tax Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Putnam Tax'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 | (0.06) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | (0.52) |
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Other Information on Investing in Putnam Mutual Fund
Putnam Tax 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 Tax security.
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Global Correlations Find global opportunities by holding instruments from different markets |