Putnam High Yield Fund Market Value
| PHYUX Fund | USD 5.68 0.01 0.18% |
| Symbol | Putnam |
Putnam High '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 High'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 High.
| 12/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Putnam High on December 5, 2024 and sell it all today you would earn a total of 0.00 from holding Putnam High Yield or generate 0.0% return on investment in Putnam High over 30 days. Putnam High is related to or competes with Blackrock High, American High, American High, HUMANA, Barloworld, Morningstar Unconstrained, and Thrivent High. The fund invests mainly in bonds that are obligations of U.S More
Putnam High 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 High'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 High Yield upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 2.93 | |||
| Value At Risk | (0.35) | |||
| Potential Upside | 0.1742 |
Putnam High Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Putnam High's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Putnam High's standard deviation. In reality, there are many statistical measures that can use Putnam High historical prices to predict the future Putnam High's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | 3.64 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Putnam High'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 High Yield Backtested Returns
Putnam High Yield maintains Sharpe Ratio (i.e., Efficiency) of -0.0593, which implies the entity had a -0.0593% return per unit of risk over the last 3 months. Putnam High Yield exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Putnam High's Variance of 0.1272, coefficient of variation of (1,145), and Risk Adjusted Performance of (0.08) to confirm the risk estimate we provide. The fund holds a Beta of -0.0113, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Putnam High are expected to decrease at a much lower rate. During the bear market, Putnam High is likely to outperform the market.
Auto-correlation | 0.06 |
Virtually no predictability
Putnam High Yield has virtually no predictability. Overlapping area represents the amount of predictability between Putnam High time series from 5th of December 2024 to 20th of December 2024 and 20th of December 2024 to 4th 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 High Yield price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Putnam High price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Putnam High Yield lagged returns against current returns
Autocorrelation, which is Putnam High 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 High's mutual fund expected returns. We can calculate the autocorrelation of Putnam High returns to help us make a trade decision. For example, suppose you find that Putnam High 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 High 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 High mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Putnam High 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 High mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Putnam High Lagged Returns
When evaluating Putnam High's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Putnam High mutual fund have on its future price. Putnam High 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 High autocorrelation shows the relationship between Putnam High mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Putnam High Yield.
Regressed Prices |
| Timeline |
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Other Information on Investing in Putnam Mutual Fund
Putnam High 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 High security.
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