Putnam Sustainable Leaders Etf Fundamentals
| PLDR Etf | USD 34.45 0.18 0.53% |
Putnam Sustainable Leaders fundamentals help investors to digest information that contributes to Putnam Sustainable's financial success or failures. It also enables traders to predict the movement of Putnam Etf. The fundamental analysis module provides a way to measure Putnam Sustainable's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Putnam Sustainable etf.
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Putnam Sustainable Leaders ETF Beta Analysis
Putnam Sustainable's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Putnam Sustainable Beta | 1.04 |
Most of Putnam Sustainable's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Putnam Sustainable Leaders is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
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In accordance with the recently published financial statements, Putnam Sustainable Leaders has a Beta of 1.04. This is much higher than that of the Putnam family and significantly higher than that of the Large Growth category. The beta for all United States etfs is notably lower than that of the firm.
Putnam Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Putnam Sustainable's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Putnam Sustainable could also be used in its relative valuation, which is a method of valuing Putnam Sustainable by comparing valuation metrics of similar companies.Putnam Sustainable is currently under evaluation in beta as compared to similar ETFs.
Fund Asset Allocation for Putnam Sustainable
The fund consists of 96.03% investments in stocks, with the rest of investments allocated between various types of exotic instruments.Asset allocation divides Putnam Sustainable's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
Putnam Sustainable returns are very sensitive to returns on the market. As the market goes up or down, Putnam Sustainable is expected to follow.
Putnam Fundamentals
| Beta | 1.04 | |||
| Total Asset | 5.57 M | |||
| One Year Return | 33.90 % | |||
| Three Year Return | 7.40 % | |||
| Net Asset | 5.57 M | |||
| Equity Positions Weight | 96.03 % |
About Putnam Sustainable Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Putnam Sustainable Leaders's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Putnam Sustainable using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Putnam Sustainable Leaders based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.The fund invests mainly in common stocks of U.S. companies of any size, with a focus on companies that Putnam Management believes exhibit a commitment to financially material sustainable business practices. Putnam Sustainable is traded on NYSEARCA Exchange in the United States.
Pair Trading with Putnam Sustainable
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Putnam Sustainable position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Putnam Sustainable will appreciate offsetting losses from the drop in the long position's value.Moving together with Putnam Etf
| 0.91 | VUG | Vanguard Growth Index | PairCorr |
| 0.93 | IWF | iShares Russell 1000 | PairCorr |
| 0.94 | IVW | iShares SP 500 Sell-off Trend | PairCorr |
| 0.94 | SPYG | SPDR Portfolio SP | PairCorr |
| 0.94 | IUSG | iShares Core SP | PairCorr |
The ability to find closely correlated positions to Putnam Sustainable could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Putnam Sustainable when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Putnam Sustainable - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Putnam Sustainable Leaders to buy it.
The correlation of Putnam Sustainable is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Putnam Sustainable moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Putnam Sustainable moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Putnam Sustainable can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Putnam Sustainable Piotroski F Score and Putnam Sustainable Altman Z Score analysis. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
The market value of Putnam Sustainable is measured differently than its book value, which is the value of Putnam that is recorded on the company's balance sheet. Investors also form their own opinion of Putnam Sustainable's value that differs from its market value or its book value, called intrinsic value, which is Putnam Sustainable's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Putnam Sustainable's market value can be influenced by many factors that don't directly affect Putnam Sustainable's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Putnam Sustainable's value and its price as these two are different measures arrived at by different means. Investors typically determine if Putnam Sustainable is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Putnam Sustainable's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.