Putnam Massachusetts Tax Manager Performance
| PXMAXDelisted Fund | USD 8.98 0.00 0.00% |
The fund holds a Beta of -0.007, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Putnam Massachusetts are expected to decrease at a much lower rate. During the bear market, Putnam Massachusetts is likely to outperform the market.
Risk-Adjusted Performance
Solid
Weak | Strong |
Compared to the overall equity markets, risk-adjusted returns on investments in Putnam Massachusetts Tax are ranked lower than 19 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong basic indicators, Putnam Massachusetts is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
...more| Expense Ratio Date | 30th of September 2022 | |
| Expense Ratio | 0.8300 |
Putnam |
Putnam Massachusetts Relative Risk vs. Return Landscape
If you would invest 895.00 in Putnam Massachusetts Tax on October 30, 2025 and sell it today you would earn a total of 3.00 from holding Putnam Massachusetts Tax or generate 0.34% return on investment over 90 days. Putnam Massachusetts Tax is currently producing 0.0305% returns and takes up 0.1232% volatility of returns over 90 trading days. Put another way, 1% of traded mutual funds are less volatile than Putnam, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Putnam Massachusetts Current Valuation
Overvalued
Today
Please note that Putnam Massachusetts' price fluctuation is very steady at this time. At this time, the fund appears to be overvalued. Putnam Massachusetts Tax holds a recent Real Value of $8.27 per share. The prevailing price of the fund is $8.98. We determine the value of Putnam Massachusetts Tax from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we support acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will merge together.
Since Putnam Massachusetts is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Putnam Mutual Fund. However, Putnam Massachusetts' intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 8.98 | Real 8.27 | Hype 8.98 | Naive 8.93 |
The intrinsic value of Putnam Massachusetts' stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Putnam Massachusetts' stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Putnam Massachusetts Tax helps investors to forecast how Putnam mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Putnam Massachusetts more accurately as focusing exclusively on Putnam Massachusetts' fundamentals will not take into account other important factors: Putnam Massachusetts Target Price Odds to finish over Current Price
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 |
| 8.98 | 90 days | 8.98 | about 15.77 |
Based on a normal probability distribution, the odds of Putnam Massachusetts to move above the current price in 90 days from now is about 15.77 (This Putnam Massachusetts 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 Massachusetts Tax has a beta of -0.007 indicating as returns on the benchmark increase, returns on holding Putnam Massachusetts are expected to decrease at a much lower rate. During a bear market, however, Putnam Massachusetts Tax is likely to outperform the market. Additionally Putnam Massachusetts Tax has an alpha of 0.0091, implying that it can generate a 0.009134 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Putnam Massachusetts Price Density |
| Price |
Predictive Modules for Putnam Massachusetts
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 Massachusetts 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 Massachusetts Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Putnam Massachusetts is not an exception. The market had few large corrections towards the Putnam Massachusetts' 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 Massachusetts Tax, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Putnam Massachusetts within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.01 | |
β | Beta against Dow Jones | -0.007 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | -0.49 |
Putnam Massachusetts 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 Massachusetts for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Putnam Massachusetts 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.| Putnam Massachusetts is not yet fully synchronised with the market data | |
| Putnam Massachusetts has a very high chance of going through financial distress in the upcoming years | |
| The fund generated five year return of 0.0% | |
| Putnam Massachusetts Tax maintains most of the assets in different exotic instruments. |
Putnam Massachusetts Fundamentals Growth
Putnam Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Putnam Massachusetts, and Putnam Massachusetts fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Putnam Mutual Fund performance.
| Total Asset | 132.03 M | |||
About Putnam Massachusetts Performance
Evaluating Putnam Massachusetts' performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Putnam Massachusetts has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Putnam Massachusetts has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
The fund invests mainly in bonds that pay interest that is exempt from federal income tax and Massachusetts personal income tax , are investment-grade in quality, and have intermediate- to long-term maturities . Putnam Massachusetts is traded on NASDAQ Exchange in the United States.Things to note about Putnam Massachusetts Tax performance evaluation
Checking the ongoing alerts about Putnam Massachusetts for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Putnam Massachusetts Tax help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Putnam Massachusetts is not yet fully synchronised with the market data | |
| Putnam Massachusetts has a very high chance of going through financial distress in the upcoming years | |
| The fund generated five year return of 0.0% | |
| Putnam Massachusetts Tax maintains most of the assets in different exotic instruments. |
- Analyzing Putnam Massachusetts' financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Putnam Massachusetts' stock is overvalued or undervalued compared to its peers.
- Examining Putnam Massachusetts' industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Putnam Massachusetts' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Putnam Massachusetts' management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Putnam Massachusetts' mutual fund. These opinions can provide insight into Putnam Massachusetts' potential for growth and whether the stock is currently undervalued or overvalued.
Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Other Consideration for investing in Putnam Mutual Fund
If you are still planning to invest in Putnam Massachusetts Tax check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Putnam Massachusetts' history and understand the potential risks before investing.
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