Putnam International Equity Fund Market Value
| POVYX Fund | USD 27.68 0.21 0.76% |
| Symbol | Putnam |
Putnam International '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 International'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 International.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Putnam International on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Putnam International Equity or generate 0.0% return on investment in Putnam International over 30 days. Putnam International is related to or competes with SCOR PK, Morningstar Unconstrained, Via Renewables, Bondbloxx ETF, Spring Valley, 70082LAB3, and Bondbloxx ETF. The fund invests mainly in common stocks of large and midsize companies outside the United States that the advisor belie... More
Putnam International 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 International'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 International Equity upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 3.71 | |||
| Value At Risk | (1.00) | |||
| Potential Upside | 1.2 |
Putnam International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Putnam International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Putnam International's standard deviation. In reality, there are many statistical measures that can use Putnam International historical prices to predict the future Putnam International's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | (0.26) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Putnam International'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 International Backtested Returns
Putnam International maintains Sharpe Ratio (i.e., Efficiency) of -0.0205, which implies the entity had a -0.0205% return per unit of risk over the last 3 months. Putnam International exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Putnam International's Risk Adjusted Performance of (0.01), variance of 0.5471, and Coefficient Of Variation of (7,051) to confirm the risk estimate we provide. The fund holds a Beta of 0.0778, which implies not very significant fluctuations relative to the market. As returns on the market increase, Putnam International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Putnam International is expected to be smaller as well.
Auto-correlation | -0.52 |
Good reverse predictability
Putnam International Equity has good reverse predictability. Overlapping area represents the amount of predictability between Putnam International time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 International price movement. The serial correlation of -0.52 indicates that about 52.0% of current Putnam International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Putnam International lagged returns against current returns
Autocorrelation, which is Putnam International 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 International's mutual fund expected returns. We can calculate the autocorrelation of Putnam International returns to help us make a trade decision. For example, suppose you find that Putnam International 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 International 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 International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Putnam International 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 International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Putnam International Lagged Returns
When evaluating Putnam International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Putnam International mutual fund have on its future price. Putnam International 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 International autocorrelation shows the relationship between Putnam International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Putnam International 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 International 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 International security.
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