Putnam Minnesota Tax Fund Market Value
| PXMNX Fund | USD 8.87 0.02 0.23% |
| Symbol | Putnam |
Putnam Minnesota '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 Minnesota'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 Minnesota.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Putnam Minnesota on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Putnam Minnesota Tax or generate 0.0% return on investment in Putnam Minnesota over 30 days. Putnam Minnesota is related to or competes with Ultramid-cap Profund, Royce Opportunity, Fidelity Small, Mid-cap Value, and Hennessy Cornerstone. The fund invests mainly in bonds that pay interest that is exempt from federal income tax and Minnesota personal income ... More
Putnam Minnesota 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 Minnesota'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 Minnesota Tax upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5052 | |||
| Information Ratio | (0.43) | |||
| Maximum Drawdown | 1.48 | |||
| Value At Risk | (0.34) | |||
| Potential Upside | 0.3401 |
Putnam Minnesota Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Putnam Minnesota's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Putnam Minnesota's standard deviation. In reality, there are many statistical measures that can use Putnam Minnesota historical prices to predict the future Putnam Minnesota's volatility.| Risk Adjusted Performance | 0.0327 | |||
| Jensen Alpha | 0.0189 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.21) | |||
| Treynor Ratio | (0.08) |
Putnam Minnesota Tax Backtested Returns
At this stage we consider Putnam Mutual Fund to be very steady. Putnam Minnesota Tax maintains Sharpe Ratio (i.e., Efficiency) of 0.0501, which implies the entity had a 0.0501% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Putnam Minnesota Tax, which you can use to evaluate the volatility of the fund. Please check Putnam Minnesota's Semi Deviation of 0.2142, risk adjusted performance of 0.0327, and Coefficient Of Variation of 1447.9 to confirm if the risk estimate we provide is consistent with the expected return of 0.0129%. The fund holds a Beta of -0.0986, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Putnam Minnesota are expected to decrease at a much lower rate. During the bear market, Putnam Minnesota is likely to outperform the market.
Auto-correlation | 0.50 |
Modest predictability
Putnam Minnesota Tax has modest predictability. Overlapping area represents the amount of predictability between Putnam Minnesota time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Minnesota Tax price movement. The serial correlation of 0.5 indicates that about 50.0% of current Putnam Minnesota price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Putnam Minnesota Tax lagged returns against current returns
Autocorrelation, which is Putnam Minnesota 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 Minnesota's mutual fund expected returns. We can calculate the autocorrelation of Putnam Minnesota returns to help us make a trade decision. For example, suppose you find that Putnam Minnesota 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 Minnesota 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 Minnesota mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Putnam Minnesota 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 Minnesota mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Putnam Minnesota Lagged Returns
When evaluating Putnam Minnesota's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Putnam Minnesota mutual fund have on its future price. Putnam Minnesota 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 Minnesota autocorrelation shows the relationship between Putnam Minnesota mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Putnam Minnesota Tax.
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 Minnesota 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 Minnesota security.
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