Putnam Municipal Opportunities Stock Market Value
| PMO Stock | USD 10.87 0.24 2.26% |
| Symbol | Putnam |
Putnam Municipal Opp Price To Book Ratio
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Putnam Municipal. If investors know Putnam will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Putnam Municipal listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.95) | Dividend Share 0.619 | Earnings Share 0.59 | Revenue Per Share 0.632 | Quarterly Revenue Growth 0.105 |
The market value of Putnam Municipal Opp 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 Municipal's value that differs from its market value or its book value, called intrinsic value, which is Putnam Municipal'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 Municipal's market value can be influenced by many factors that don't directly affect Putnam Municipal'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 Municipal's value and its price as these two are different measures arrived at by different means. Investors typically determine if Putnam Municipal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Putnam Municipal'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 Municipal '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 Municipal's stock 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 Municipal.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in Putnam Municipal on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding Putnam Municipal Opportunities or generate 0.0% return on investment in Putnam Municipal over 90 days. Putnam Municipal is related to or competes with Invesco Municipal, DWS Municipal, MFS Municipal, MFS High, Blackrock Muniyield, Invesco Quality, and MFS High. Putnam Municipal Opportunities Trust is a closed ended fixed income mutual fund launched and managed by Putnam Investmen... More
Putnam Municipal 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 Municipal's stock 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 Municipal Opportunities upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7869 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 3.23 | |||
| Value At Risk | (1.05) | |||
| Potential Upside | 0.9372 |
Putnam Municipal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Putnam Municipal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Putnam Municipal's standard deviation. In reality, there are many statistical measures that can use Putnam Municipal historical prices to predict the future Putnam Municipal's volatility.| Risk Adjusted Performance | 0.0873 | |||
| Jensen Alpha | 0.0842 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | (0.96) |
Putnam Municipal Opp Backtested Returns
As of now, Putnam Stock is very steady. Putnam Municipal Opp maintains Sharpe Ratio (i.e., Efficiency) of 0.1, which implies the firm had a 0.1% return per unit of risk over the last 3 months. We have found thirty technical indicators for Putnam Municipal Opp, which you can use to evaluate the volatility of the company. Please check Putnam Municipal's Risk Adjusted Performance of 0.0873, semi deviation of 0.6683, and Coefficient Of Variation of 871.07 to confirm if the risk estimate we provide is consistent with the expected return of 0.0763%. Putnam Municipal has a performance score of 8 on a scale of 0 to 100. The company holds a Beta of -0.0774, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Putnam Municipal are expected to decrease at a much lower rate. During the bear market, Putnam Municipal is likely to outperform the market. Putnam Municipal Opp right now holds a risk of 0.74%. Please check Putnam Municipal Opp downside variance, as well as the relationship between the accumulation distribution and market facilitation index , to decide if Putnam Municipal Opp will be following its historical price patterns.
Auto-correlation | -0.35 |
Poor reverse predictability
Putnam Municipal Opportunities has poor reverse predictability. Overlapping area represents the amount of predictability between Putnam Municipal time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 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 Municipal Opp price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current Putnam Municipal price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Putnam Municipal Opp lagged returns against current returns
Autocorrelation, which is Putnam Municipal stock'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 Municipal's stock expected returns. We can calculate the autocorrelation of Putnam Municipal returns to help us make a trade decision. For example, suppose you find that Putnam Municipal has exhibited high autocorrelation historically, and you observe that the stock 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 Municipal 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 Municipal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Putnam Municipal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Putnam Municipal stock over time.
Current vs Lagged Prices |
| Timeline |
Putnam Municipal Lagged Returns
When evaluating Putnam Municipal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Putnam Municipal stock have on its future price. Putnam Municipal 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 Municipal autocorrelation shows the relationship between Putnam Municipal stock current value and its past values and can show if there is a momentum factor associated with investing in Putnam Municipal Opportunities.
Regressed Prices |
| Timeline |
Pair Trading with Putnam Municipal
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 Municipal 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 Municipal will appreciate offsetting losses from the drop in the long position's value.Moving against Putnam Stock
| 0.68 | TETEU | Technology Telecommunicatio | PairCorr |
| 0.43 | PFTAU | Portage Fintech Acqu | PairCorr |
| 0.36 | V | Visa Class A | PairCorr |
The ability to find closely correlated positions to Putnam Municipal 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 Municipal 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 Municipal - 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 Municipal Opportunities to buy it.
The correlation of Putnam Municipal 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 Municipal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Putnam Municipal Opp 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 Municipal 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 Municipal Correlation, Putnam Municipal Volatility and Putnam Municipal Alpha and Beta module to complement your research on Putnam Municipal. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Putnam Municipal technical stock 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, stock market cycles, or different charting patterns.