Putnam Equity Income Fund Market Value
| PEIYX Fund | USD 38.96 0.14 0.36% |
| Symbol | Putnam |
Putnam Equity '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 Equity'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 Equity.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in Putnam Equity on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding Putnam Equity Income or generate 0.0% return on investment in Putnam Equity over 180 days. Putnam Equity is related to or competes with Artisan High, Multisector Bond, Rational/pier, Ab Bond, and Ms Global. The fund invests mainly in common stocks of U.S More
Putnam Equity 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 Equity'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 Equity Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5404 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 3.16 | |||
| Value At Risk | (0.95) | |||
| Potential Upside | 0.9396 |
Putnam Equity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Putnam Equity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Putnam Equity's standard deviation. In reality, there are many statistical measures that can use Putnam Equity historical prices to predict the future Putnam Equity's volatility.| Risk Adjusted Performance | 0.1152 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.1145 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Putnam Equity'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 Equity Income Backtested Returns
At this stage we consider Putnam Mutual Fund to be very steady. Putnam Equity Income maintains Sharpe Ratio (i.e., Efficiency) of 0.16, which implies the entity had a 0.16% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Putnam Equity Income, which you can use to evaluate the volatility of the fund. Please check Putnam Equity's Risk Adjusted Performance of 0.1152, coefficient of variation of 651.85, and Semi Deviation of 0.3983 to confirm if the risk estimate we provide is consistent with the expected return of 0.1%. The fund holds a Beta of 0.76, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Putnam Equity's returns are expected to increase less than the market. However, during the bear market, the loss of holding Putnam Equity is expected to be smaller as well.
Auto-correlation | 0.78 |
Good predictability
Putnam Equity Income has good predictability. Overlapping area represents the amount of predictability between Putnam Equity time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st 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 Equity Income price movement. The serial correlation of 0.78 indicates that around 78.0% of current Putnam Equity price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.55 |
Putnam Equity Income lagged returns against current returns
Autocorrelation, which is Putnam Equity 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 Equity's mutual fund expected returns. We can calculate the autocorrelation of Putnam Equity returns to help us make a trade decision. For example, suppose you find that Putnam Equity 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 Equity 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 Equity mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Putnam Equity 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 Equity mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Putnam Equity Lagged Returns
When evaluating Putnam Equity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Putnam Equity mutual fund have on its future price. Putnam Equity 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 Equity autocorrelation shows the relationship between Putnam Equity mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Putnam Equity Income.
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 Equity 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 Equity security.
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