Putnam Municipal Opportunities Stock Z Score
| PMO Stock | USD 10.63 0.20 1.92% |
Putnam | Z Score |
Putnam Municipal Opportunities Company Z Score Analysis
Putnam Municipal's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
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Putnam Z Score Driver Correlations
Understanding the fundamental principles of building solid financial models for Putnam Municipal is extremely important. It helps to project a fair market value of Putnam Stock properly, considering its historical fundamentals such as Z Score. Since Putnam Municipal's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Putnam Municipal's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Putnam Municipal's interrelated accounts and indicators.
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To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.
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Based on the company's disclosures, Putnam Municipal Opportunities has a Z Score of 0.0. This is 100.0% lower than that of the Capital Markets sector and 100.0% lower than that of the Financials industry. The z score for all United States stocks is 100.0% higher than that of the company.
Putnam Municipal Current Valuation Drivers
We derive many important indicators used in calculating different scores of Putnam Municipal from analyzing Putnam Municipal's financial statements. These drivers represent accounts that assess Putnam Municipal's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Putnam Municipal's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 396.7M | 468.0M | 363.0M | 342.2M | 313.0M | 421.5M | |
| Enterprise Value | 439.9M | 525.6M | 418.5M | 363.6M | 320.6M | 464.6M |
Putnam Fundamentals
| Return On Equity | 0.0204 | |||
| Return On Asset | 0.0191 | |||
| Profit Margin | 0.50 % | |||
| Operating Margin | 0.85 % | |||
| Current Valuation | 456.86 M | |||
| Shares Outstanding | 31.06 M | |||
| Shares Owned By Insiders | 0.01 % | |||
| Shares Owned By Institutions | 22.63 % | |||
| Number Of Shares Shorted | 56.31 K | |||
| Price To Earning | 24.08 X | |||
| Price To Book | 0.93 X | |||
| Price To Sales | 15.16 X | |||
| Revenue | 14.76 M | |||
| Gross Profit | 21.36 M | |||
| EBITDA | 19.63 M | |||
| Net Income | 19 M | |||
| Cash And Equivalents | 608.61 K | |||
| Cash Per Share | 0.02 X | |||
| Total Debt | 7.58 M | |||
| Debt To Equity | 0.11 % | |||
| Current Ratio | 0.45 X | |||
| Book Value Per Share | 11.17 X | |||
| Cash Flow From Operations | 62.7 M | |||
| Short Ratio | 0.57 X | |||
| Earnings Per Share | 0.59 X | |||
| Beta | 0.62 | |||
| Market Capitalization | 323.95 M | |||
| Total Asset | 498.05 M | |||
| Retained Earnings | (31.02 M) | |||
| Working Capital | 190.54 M | |||
| Current Asset | 907.46 M | |||
| Current Liabilities | 716.91 M | |||
| Annual Yield | 0.04 % | |||
| Five Year Return | 4.97 % | |||
| Net Asset | 498.05 M | |||
| Last Dividend Paid | 0.62 |
About Putnam Municipal Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Putnam Municipal Opportunities's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Putnam Municipal using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Putnam Municipal Opportunities based on its fundamental data. In general, a quantitative approach, as applied to this company, 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.
Pair Trading with Putnam Municipal
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 Municipal 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 Municipal will appreciate offsetting losses from the drop in the long position's value.Moving against Putnam Stock
| 0.59 | AX | Axos Financial | PairCorr |
| 0.59 | BY | Byline Bancorp Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.56 | L | Loews Corp | PairCorr |
| 0.55 | CNNE | Cannae Holdings | PairCorr |
| 0.44 | ROCL | Roth CH Acquisition | PairCorr |
The ability to find closely correlated positions to Putnam Municipal 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 Municipal 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 Municipal - 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 Municipal Opportunities to buy it.
The correlation of Putnam Municipal 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 Municipal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Putnam Municipal Opp 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 Municipal 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 Municipal Piotroski F Score and Putnam Municipal Valuation analysis. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Putnam Municipal. If investors know Putnam will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Putnam Municipal listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.95) | Dividend Share 0.619 | Earnings Share 0.59 | Revenue Per Share 0.632 | Quarterly Revenue Growth 0.105 |
The market value of Putnam Municipal Opp 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 Municipal's value that differs from its market value or its book value, called intrinsic value, which is Putnam Municipal'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 Municipal's market value can be influenced by many factors that don't directly affect Putnam Municipal'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 Municipal's value and its price as these two are different measures arrived at by different means. Investors typically determine if Putnam Municipal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Putnam Municipal'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.