Putnam Retirementready Maturity Fund Market Value
| PACPX Fund | 16.57 0.07 0.42% |
| Symbol | Putnam |
Putnam Retirementready 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Putnam Retirementready's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Putnam Retirementready.
| 11/25/2024 |
| 12/25/2024 |
If you would invest 0.00 in Putnam Retirementready on November 25, 2024 and sell it all today you would earn a total of 0.00 from holding Putnam Retirementready Maturity or generate 0.0% return on investment in Putnam Retirementready over 30 days. Putnam Retirementready is related to or competes with Applied Finance, American Century, Amg River, Fpa Queens, Mutual Of, Lord Abbett, and Queens Road. The fund employs an asset allocation strategy designed for investors who are already in retirement or who plan to retire... More
Putnam Retirementready Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Putnam Retirementready's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Putnam Retirementready Maturity upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 1.98 | |||
| Value At Risk | (0.53) | |||
| Potential Upside | 0.4753 |
Putnam Retirementready Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Putnam Retirementready's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Putnam Retirementready's standard deviation. In reality, there are many statistical measures that can use Putnam Retirementready historical prices to predict the future Putnam Retirementready's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | (0.80) |
Putnam Retirementready Backtested Returns
Putnam Retirementready maintains Sharpe Ratio (i.e., Efficiency) of -0.0984, which implies the entity had a -0.0984% return per unit of risk over the last 3 months. Putnam Retirementready exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Putnam Retirementready's Variance of 0.1071, risk adjusted performance of (0.09), and Coefficient Of Variation of (1,022) to confirm the risk estimate we provide. The fund holds a Beta of 0.0524, which implies not very significant fluctuations relative to the market. As returns on the market increase, Putnam Retirementready's returns are expected to increase less than the market. However, during the bear market, the loss of holding Putnam Retirementready is expected to be smaller as well.
Auto-correlation | -0.86 |
Excellent reverse predictability
Putnam Retirementready Maturity has excellent reverse predictability. Overlapping area represents the amount of predictability between Putnam Retirementready time series from 25th of November 2024 to 10th of December 2024 and 10th of December 2024 to 25th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Putnam Retirementready price movement. The serial correlation of -0.86 indicates that approximately 86.0% of current Putnam Retirementready price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.86 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Putnam Retirementready lagged returns against current returns
Autocorrelation, which is Putnam Retirementready mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Putnam Retirementready's mutual fund expected returns. We can calculate the autocorrelation of Putnam Retirementready returns to help us make a trade decision. For example, suppose you find that Putnam Retirementready has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Putnam Retirementready regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Putnam Retirementready mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Putnam Retirementready mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Putnam Retirementready mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Putnam Retirementready Lagged Returns
When evaluating Putnam Retirementready's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Putnam Retirementready mutual fund have on its future price. Putnam Retirementready autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Putnam Retirementready autocorrelation shows the relationship between Putnam Retirementready mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Putnam Retirementready Maturity.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Putnam Mutual Fund
Putnam Retirementready 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 Retirementready security.
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges |