Putnam Tax Exempt Fund Beneish M Score

PTECX Fund  USD 7.80  0.03  0.39%   
This module uses fundamental data of Putnam Tax to approximate the value of its Beneish M Score. Putnam Tax M Score tells investors if the company management is likely to be manipulating earnings. The score is calculated using eight financial indicators that are adjusted by a specific multiplier. Please note, the M Score is a probabilistic model and cannot detect companies that manipulate their earnings with 100% accuracy. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Putnam Tax Exempt. 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 main economic indicators.
  
At this time, Putnam Tax's M Score is inapplicable. The earnings manipulation may begin if Putnam Tax's top management creates an artificial sense of financial success, forcing the stock price to be traded at a high price-earnings multiple than it should be. In general, excessive earnings management by Putnam Tax executives may lead to removing some of the operating profits from subsequent periods to inflate earnings in the following periods. This way, the manipulation of Putnam Tax's earnings can lead to misrepresentations of actual financial condition, taking the otherwise loyal stakeholders on to the path of questionable ethical practices and plain fraud.
-4.84
Beneish M Score - Inapplicable
Elasticity of Receivables

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Asset Quality

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Expense Coverage

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Gross Margin Strengs

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Accruals Factor

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Depreciation Resistance

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Net Sales Growth

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Financial Leverage Condition

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About Putnam Tax Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Putnam Tax Exempt's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Putnam Tax using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Putnam Tax Exempt based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

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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.
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