Putnam Floating Rate Fund Price on August 30, 2024
| PFICX Fund | USD 7.99 0.01 0.13% |
Below is the normalized historical share price chart for Putnam Floating Rate extending back to February 03, 2006. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Putnam Floating stands at 7.99, as last reported on the 24th of November, with the highest price reaching 7.99 and the lowest price hitting 7.99 during the day.
If you're considering investing in Putnam Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider Putnam Mutual Fund to be very steady. Putnam Floating Rate maintains Sharpe Ratio (i.e., Efficiency) of 0.22, which implies the entity had a 0.22% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Putnam Floating Rate, which you can use to evaluate the volatility of the fund. Please check Putnam Floating's Risk Adjusted Performance of 0.1276, standard deviation of 0.1353, and Downside Deviation of 0.1349 to confirm if the risk estimate we provide is consistent with the expected return of 0.0293%.
Putnam Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Putnam |
Sharpe Ratio = 0.2154
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| Negative Returns | PFICX |
Estimated Market Risk
| 0.14 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.22 actual daily | 16 84% of assets perform better |
Based on monthly moving average Putnam Floating is performing at about 16% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Putnam Floating by adding it to a well-diversified portfolio.
Putnam Floating Valuation on August 30, 2024
It is possible to determine the worth of Putnam Floating on a given historical date. On August 30, 2024 Putnam was worth 7.89 at the beginning of the trading date compared to the closed value of 7.89. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Putnam Floating mutual fund. Still, in general, we apply an absolute valuation method to find Putnam Floating's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Putnam Floating where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Putnam Floating's related companies.
| Open | High | Low | Close | Volume | |
| 7.85 | 7.85 | 7.85 | 7.85 | 1.00 | |
08/30/2024 | 7.89 | 7.89 | 7.89 | 7.89 | 1.00 |
| 7.88 | 7.88 | 7.88 | 7.88 | 1.00 |
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Putnam Floating Trading Date Momentum on August 30, 2024
| On September 03 2024 Putnam Floating Rate was traded for 7.88 at the closing time. The highest daily price throughout the period was 7.88 and the lowest price was 7.88 . There was no trading activity during the period 1.0. Lack of trading volume on 09/03/2024 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 0.13% . The trading delta at closing time to current closing price is 0.13% . |
Putnam Floating Rate Fundamentals Correlations and Trends
By evaluating Putnam Floating's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Putnam Floating's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Putnam financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Putnam Floating Mutual Fund history
Putnam Floating investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Putnam is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Putnam Floating Rate will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Putnam Floating stock prices may prove useful in developing a viable investing in Putnam Floating
The fund invests mainly in corporate loans and debt securities that have floating rates of interest and other corporate debt securities. It will invest at least 80 percent of its net assets in income-producing floating rate loans and other floating rate debt securities. The fund invests mainly in obligations of U.S. issuers that are below-investment-grade in quality. The adviser may consider, among other factors, credit, interest rate and prepayment risks, as well as general market conditions, when deciding whether to buy or sell investments.
Putnam Floating Mutual Fund Technical Analysis
Putnam Floating technical mutual fund 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, fund market cycles, or different charting patterns.
Price Boundaries
Putnam Floating Period Price Range
Low | November 24, 2024
| High |
0.00 | 0.00 |
Putnam Floating Rate cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Putnam Floating November 24, 2024 Market Strength
Market strength indicators help investors to evaluate how Putnam Floating mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Putnam Floating shares will generate the highest return on investment. By undertsting and applying Putnam Floating mutual fund market strength indicators, traders can identify Putnam Floating Rate entry and exit signals to maximize returns
Putnam Floating Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Putnam Floating's price direction in advance. Along with the technical and fundamental analysis of Putnam Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Putnam to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1276 | |||
| Jensen Alpha | 0.0234 | |||
| Total Risk Alpha | (0.0006) | |||
| Sortino Ratio | (0.74) | |||
| Treynor Ratio | (0.96) |
| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Other Information on Investing in Putnam Mutual Fund
Putnam Floating 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 Floating security.
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