Putnam Focused Equity Fund Market Value
| PGWTX Fund | USD 35.81 0.53 1.50% |
| Symbol | Putnam |
Putnam Focused '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 Focused'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 Focused.
| 02/02/2025 |
| 03/04/2025 |
If you would invest 0.00 in Putnam Focused on February 2, 2025 and sell it all today you would earn a total of 0.00 from holding Putnam Focused Equity or generate 0.0% return on investment in Putnam Focused over 30 days. Putnam Focused is related to or competes with The Hartford, Pimco Emerging, Eagle Mlp, Transamerica Emerging, Pnc Emerging, Shelton Emerging, and Siit Emerging. The fund invests mainly in equity securities of large and midsize companies that the manager believes have favorable inv... More
Putnam Focused 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 Focused'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 Focused Equity upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 9.52 | |||
| Value At Risk | (1.59) | |||
| Potential Upside | 1.14 |
Putnam Focused Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Putnam Focused's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Putnam Focused's standard deviation. In reality, there are many statistical measures that can use Putnam Focused historical prices to predict the future Putnam Focused's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.01) | |||
| Treynor Ratio | 0.9934 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Putnam Focused'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 Focused Equity Backtested Returns
Putnam Focused Equity 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 Focused Equity exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Putnam Focused's Coefficient Of Variation of (1,250), risk adjusted performance of (0.06), and Variance of 1.98 to confirm the risk estimate we provide. The fund holds a Beta of -0.12, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Putnam Focused are expected to decrease at a much lower rate. During the bear market, Putnam Focused is likely to outperform the market.
Auto-correlation | -0.64 |
Very good reverse predictability
Putnam Focused Equity has very good reverse predictability. Overlapping area represents the amount of predictability between Putnam Focused time series from 2nd of February 2025 to 17th of February 2025 and 17th of February 2025 to 4th of March 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 Focused Equity price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current Putnam Focused price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.31 |
Putnam Focused Equity lagged returns against current returns
Autocorrelation, which is Putnam Focused 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 Focused's mutual fund expected returns. We can calculate the autocorrelation of Putnam Focused returns to help us make a trade decision. For example, suppose you find that Putnam Focused 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 Focused 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 Focused mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Putnam Focused 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 Focused mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Putnam Focused Lagged Returns
When evaluating Putnam Focused's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Putnam Focused mutual fund have on its future price. Putnam Focused 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 Focused autocorrelation shows the relationship between Putnam Focused mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Putnam Focused Equity.
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 Focused 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 Focused security.
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments |