Putnam Asia Pacific Fund Market Value
| PAPAX Fund | USD 9.83 0.01 0.10% |
| Symbol | Putnam |
Putnam Asia '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 Asia'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 Asia.
| 07/01/2024 |
| 12/28/2024 |
If you would invest 0.00 in Putnam Asia on July 1, 2024 and sell it all today you would earn a total of 0.00 from holding Putnam Asia Pacific or generate 0.0% return on investment in Putnam Asia over 180 days. Putnam Asia is related to or competes with Sentinel Small, Tiaa Cref, Jhancock Diversified, Delaware Limited, Lord Abbett, and Pimco Diversified. The Advisor intends to utilize two principal investment strategies 1 a premium collection strategy involving sale or pur... More
Putnam Asia 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 Asia'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 Asia Pacific upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 2.95 | |||
| Potential Upside | 0.0996 |
Putnam Asia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Putnam Asia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Putnam Asia's standard deviation. In reality, there are many statistical measures that can use Putnam Asia historical prices to predict the future Putnam Asia's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | 1.94 |
Putnam Asia Pacific Backtested Returns
Putnam Asia Pacific maintains Sharpe Ratio (i.e., Efficiency) of -0.0748, which implies the entity had a -0.0748% return per unit of risk over the last 3 months. Putnam Asia Pacific exposes twenty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Putnam Asia's Risk Adjusted Performance of (0.06), coefficient of variation of (1,435), and Variance of 0.1983 to confirm the risk estimate we provide. The fund holds a Beta of -0.0212, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Putnam Asia are expected to decrease at a much lower rate. During the bear market, Putnam Asia is likely to outperform the market.
Auto-correlation | -0.37 |
Poor reverse predictability
Putnam Asia Pacific has poor reverse predictability. Overlapping area represents the amount of predictability between Putnam Asia time series from 1st of July 2024 to 29th of September 2024 and 29th of September 2024 to 28th 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 Asia Pacific price movement. The serial correlation of -0.37 indicates that just about 37.0% of current Putnam Asia price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Putnam Asia Pacific lagged returns against current returns
Autocorrelation, which is Putnam Asia 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 Asia's mutual fund expected returns. We can calculate the autocorrelation of Putnam Asia returns to help us make a trade decision. For example, suppose you find that Putnam Asia 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 Asia 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 Asia mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Putnam Asia 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 Asia mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Putnam Asia Lagged Returns
When evaluating Putnam Asia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Putnam Asia mutual fund have on its future price. Putnam Asia 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 Asia autocorrelation shows the relationship between Putnam Asia mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Putnam Asia Pacific.
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 Asia 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 Asia security.
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