Putnam Sustainable Leaders Etf Market Value
| PLDR Etf | USD 34.95 0.21 0.60% |
| Symbol | Putnam |
The market value of Putnam Sustainable is measured differently than its book value, which is the value of Putnam that is recorded on the company's balance sheet. Investors also form their own opinion of Putnam Sustainable's value that differs from its market value or its book value, called intrinsic value, which is Putnam Sustainable's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Putnam Sustainable's market value can be influenced by many factors that don't directly affect Putnam Sustainable's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Putnam Sustainable's value and its price as these two are different measures arrived at by different means. Investors typically determine if Putnam Sustainable is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Putnam Sustainable's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Putnam Sustainable '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 Sustainable's etf 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 Sustainable.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Putnam Sustainable on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Putnam Sustainable Leaders or generate 0.0% return on investment in Putnam Sustainable over 30 days. Putnam Sustainable is related to or competes with Vanguard Growth, IShares Russell, IShares SP, IShares Core, Vanguard Mega, Vanguard Russell, and IShares MSCI. The fund invests mainly in common stocks of U.S More
Putnam Sustainable 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 Sustainable's etf 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 Sustainable Leaders upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8627 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 3.86 | |||
| Value At Risk | (1.33) | |||
| Potential Upside | 1.26 |
Putnam Sustainable Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Putnam Sustainable's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Putnam Sustainable's standard deviation. In reality, there are many statistical measures that can use Putnam Sustainable historical prices to predict the future Putnam Sustainable's volatility.| Risk Adjusted Performance | 0.0963 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.1092 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Putnam Sustainable'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 Sustainable Backtested Returns
Currently, Putnam Sustainable Leaders is very steady. Putnam Sustainable maintains Sharpe Ratio (i.e., Efficiency) of 0.17, which implies the entity had a 0.17% return per unit of risk over the last 3 months. We have found thirty technical indicators for Putnam Sustainable, which you can use to evaluate the volatility of the etf. Please check Putnam Sustainable's Coefficient Of Variation of 795.7, semi deviation of 0.7237, and Risk Adjusted Performance of 0.0963 to confirm if the risk estimate we provide is consistent with the expected return of 0.12%. The etf holds a Beta of 0.8, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Putnam Sustainable's returns are expected to increase less than the market. However, during the bear market, the loss of holding Putnam Sustainable is expected to be smaller as well.
Auto-correlation | 0.92 |
Excellent predictability
Putnam Sustainable Leaders has excellent predictability. Overlapping area represents the amount of predictability between Putnam Sustainable time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 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 Sustainable price movement. The serial correlation of 0.92 indicates that approximately 92.0% of current Putnam Sustainable price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.92 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
Putnam Sustainable lagged returns against current returns
Autocorrelation, which is Putnam Sustainable etf'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 Sustainable's etf expected returns. We can calculate the autocorrelation of Putnam Sustainable returns to help us make a trade decision. For example, suppose you find that Putnam Sustainable has exhibited high autocorrelation historically, and you observe that the etf 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 Sustainable 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 Sustainable etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Putnam Sustainable etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Putnam Sustainable etf over time.
Current vs Lagged Prices |
| Timeline |
Putnam Sustainable Lagged Returns
When evaluating Putnam Sustainable's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Putnam Sustainable etf have on its future price. Putnam Sustainable 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 Sustainable autocorrelation shows the relationship between Putnam Sustainable etf current value and its past values and can show if there is a momentum factor associated with investing in Putnam Sustainable Leaders.
Regressed Prices |
| Timeline |
Pair Trading with Putnam Sustainable
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Putnam Sustainable position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Putnam Sustainable will appreciate offsetting losses from the drop in the long position's value.Moving together with Putnam Etf
| 0.92 | VUG | Vanguard Growth Index | PairCorr |
| 0.93 | IWF | iShares Russell 1000 | PairCorr |
| 0.94 | IVW | iShares SP 500 | PairCorr |
| 0.94 | SPYG | SPDR Portfolio SP | PairCorr |
| 0.94 | IUSG | iShares Core SP | PairCorr |
The ability to find closely correlated positions to Putnam Sustainable could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Putnam Sustainable when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Putnam Sustainable - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Putnam Sustainable Leaders to buy it.
The correlation of Putnam Sustainable is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Putnam Sustainable moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Putnam Sustainable moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Putnam Sustainable can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Putnam Sustainable Correlation, Putnam Sustainable Volatility and Putnam Sustainable Alpha and Beta module to complement your research on Putnam Sustainable. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Putnam Sustainable technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.