Putnam Diversified Income Fund Market Value
| PDVYX Fund | USD 4.85 0.01 0.21% |
| Symbol | Putnam |
Putnam Diversified '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 Diversified'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 Diversified.
| 12/09/2024 |
| 01/08/2025 |
If you would invest 0.00 in Putnam Diversified on December 9, 2024 and sell it all today you would earn a total of 0.00 from holding Putnam Diversified Income or generate 0.0% return on investment in Putnam Diversified over 30 days. Putnam Diversified is related to or competes with Guggenheim Diversified, Small Cap, Delaware Limited, Lord Abbett, Tiaa-cref Small-cap, and Fulcrum Diversified. The fund invests mainly in bonds that are securitized debt instruments and related derivative instruments, and other obligations of companies and governments worldwide, including bank loans that are either investment-grade or below-investment-grade in quality and have intermediate- to long-term maturities . More
Putnam Diversified 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 Diversified'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 Diversified Income upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 11.75 | |||
| Value At Risk | (0.37) | |||
| Potential Upside | 0.2066 |
Putnam Diversified Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Putnam Diversified's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Putnam Diversified's standard deviation. In reality, there are many statistical measures that can use Putnam Diversified historical prices to predict the future Putnam Diversified's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | (13.96) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Putnam Diversified's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Putnam Diversified Income Backtested Returns
Putnam Diversified Income maintains Sharpe Ratio (i.e., Efficiency) of -0.12, which implies the entity had a -0.12% return per unit of risk over the last 3 months. Putnam Diversified Income exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Putnam Diversified's Risk Adjusted Performance of (0.09), variance of 1.93, and Coefficient Of Variation of (823.47) to confirm the risk estimate we provide. The fund holds a Beta of 0.0128, which implies not very significant fluctuations relative to the market. As returns on the market increase, Putnam Diversified's returns are expected to increase less than the market. However, during the bear market, the loss of holding Putnam Diversified is expected to be smaller as well.
Auto-correlation | 0.01 |
Virtually no predictability
Putnam Diversified Income has virtually no predictability. Overlapping area represents the amount of predictability between Putnam Diversified time series from 9th of December 2024 to 24th of December 2024 and 24th of December 2024 to 8th of January 2025. 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 Diversified Income price movement. The serial correlation of 0.01 indicates that just 1.0% of current Putnam Diversified price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | -0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Putnam Diversified Income lagged returns against current returns
Autocorrelation, which is Putnam Diversified 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 Diversified's mutual fund expected returns. We can calculate the autocorrelation of Putnam Diversified returns to help us make a trade decision. For example, suppose you find that Putnam Diversified 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 Diversified 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 Diversified mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Putnam Diversified 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 Diversified mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Putnam Diversified Lagged Returns
When evaluating Putnam Diversified's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Putnam Diversified mutual fund have on its future price. Putnam Diversified 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 Diversified autocorrelation shows the relationship between Putnam Diversified mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Putnam Diversified Income.
Regressed Prices |
| Timeline |
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Other Information on Investing in Putnam Mutual Fund
Putnam Diversified 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 Diversified security.
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