Putnam California Tax Fund Probability of Future Mutual Fund Price Finishing Over 7.47
| PCTBX Fund | USD 7.47 0.00 0.00% |
Putnam |
Putnam California Target Price Odds to finish over 7.47
The tendency of Putnam Mutual Fund price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move above the current price in 90 days |
| 7.47 | 90 days | 7.47 | about 50.0 |
Based on a normal probability distribution, the odds of Putnam California to move above the current price in 90 days from now is about 50.0 (This Putnam California Tax probability density function shows the probability of Putnam Mutual Fund to fall within a particular range of prices over 90 days) .
Assuming the 90 days horizon Putnam California Tax has a beta of -0.0198 indicating as returns on the benchmark increase, returns on holding Putnam California are expected to decrease at a much lower rate. During a bear market, however, Putnam California Tax is likely to outperform the market. Additionally Putnam California Tax has an alpha of 5.0E-4, implying that it can generate a 4.98E-4 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Putnam California Price Density |
| Price |
Predictive Modules for Putnam California
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Putnam California Tax. Regardless of method or technology, however, to accurately forecast the mutual fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the mutual fund market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Putnam California Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Putnam California is not an exception. The market had few large corrections towards the Putnam California's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Putnam California Tax, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Putnam California within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.0005 | |
β | Beta against Dow Jones | -0.02 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | -2.31 |
Putnam California Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Putnam California for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Putnam California Tax can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| The fund generated three year return of -1.0% | |
| Putnam California Tax maintains most of the assets in different exotic instruments. |
Putnam California Technical Analysis
Putnam California's future price can be derived by breaking down and analyzing its technical indicators over time. Putnam Mutual Fund technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Putnam California Tax. In general, you should focus on analyzing Putnam Mutual Fund price patterns and their correlations with different microeconomic environments and drivers.
Putnam California Predictive Forecast Models
Putnam California's time-series forecasting models is one of many Putnam California's mutual fund analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Putnam California's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the mutual fund market movement and maximize returns from investment trading.
Things to note about Putnam California Tax
Checking the ongoing alerts about Putnam California for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Putnam California Tax help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| The fund generated three year return of -1.0% | |
| Putnam California Tax maintains most of the assets in different exotic instruments. |
Other Information on Investing in Putnam Mutual Fund
Putnam California 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 California security.
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