Putnam Global Industrials Fund Market Value
| PGIEX Fund | USD 30.92 0.07 0.23% |
| Symbol | Putnam |
Putnam Global '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 Global'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 Global.
| 07/20/2023 |
| 12/11/2024 |
If you would invest 0.00 in Putnam Global on July 20, 2023 and sell it all today you would earn a total of 0.00 from holding Putnam Global Industrials or generate 0.0% return on investment in Putnam Global over 510 days. Putnam Global is related to or competes with American Funds, Federated Hermes, Aqr Managed, Deutsche Global, Fidelity Sai, Short Duration, and Ab Bond. The fund invests mainly in equity securities of large and midsize companies that the manager believes have favorable inv... More
Putnam Global 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 Global'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 Global Industrials upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.35 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 12.25 | |||
| Value At Risk | (1.14) | |||
| Potential Upside | 1.23 |
Putnam Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Putnam Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Putnam Global's standard deviation. In reality, there are many statistical measures that can use Putnam Global historical prices to predict the future Putnam Global's volatility.| Risk Adjusted Performance | 0.0203 | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0228 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Putnam Global'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 Global Industrials Backtested Returns
Putnam Global Industrials maintains Sharpe Ratio (i.e., Efficiency) of -0.0075, which implies the entity had a -0.0075% return per unit of risk over the last 3 months. Putnam Global Industrials exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Putnam Global's Semi Deviation of 2.24, risk adjusted performance of 0.0203, and Coefficient Of Variation of 4734.82 to confirm the risk estimate we provide. The fund holds a Beta of 0.91, which implies possible diversification benefits within a given portfolio. Putnam Global returns are very sensitive to returns on the market. As the market goes up or down, Putnam Global is expected to follow.
Auto-correlation | 0.73 |
Good predictability
Putnam Global Industrials has good predictability. Overlapping area represents the amount of predictability between Putnam Global time series from 20th of July 2023 to 31st of March 2024 and 31st of March 2024 to 11th 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 Global Industrials price movement. The serial correlation of 0.73 indicates that around 73.0% of current Putnam Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 2.92 |
Putnam Global Industrials lagged returns against current returns
Autocorrelation, which is Putnam Global 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 Global's mutual fund expected returns. We can calculate the autocorrelation of Putnam Global returns to help us make a trade decision. For example, suppose you find that Putnam Global 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 Global 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 Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Putnam Global 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 Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Putnam Global Lagged Returns
When evaluating Putnam Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Putnam Global mutual fund have on its future price. Putnam Global 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 Global autocorrelation shows the relationship between Putnam Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Putnam Global Industrials.
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 Global 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 Global security.
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