Putnam Short Term Investments vs Total Liab Analysis
PMO Stock | USD 10.36 0.01 0.1% |
Putnam Municipal financial indicator trend analysis is much more than just breaking down Putnam Municipal Opp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Putnam Municipal Opp is a good investment. Please check the relationship between Putnam Municipal Short Term Investments and its Total Liab accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Putnam Municipal Opportunities. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
Short Term Investments vs Total Liab
Short Term Investments vs Total Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Putnam Municipal Opp Short Term Investments account and Total Liab. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Putnam Municipal's Short Term Investments and Total Liab is -0.44. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Total Liab in the same time period over historical financial statements of Putnam Municipal Opportunities, assuming nothing else is changed. The correlation between historical values of Putnam Municipal's Short Term Investments and Total Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Investments of Putnam Municipal Opportunities are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Short Term Investments i.e., Putnam Municipal's Short Term Investments and Total Liab go up and down completely randomly.
Correlation Coefficient | -0.44 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Short Term Investments
Short Term Investments is an item under the current assets section of Putnam Municipal balance sheet. It contains any investments Putnam Municipal Opportunities undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Putnam Municipal Opp can easily liquidate in the marketplace.Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.Most indicators from Putnam Municipal's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Putnam Municipal Opp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Putnam Municipal Opportunities. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. At this time, Putnam Municipal's Sales General And Administrative To Revenue is very stable compared to the past year. As of the 24th of November 2024, Enterprise Value Over EBITDA is likely to grow to 17.15, while Selling General Administrative is likely to drop about 438 K.
2021 | 2022 | 2023 | 2024 (projected) | Net Interest Income | 19.4M | 20.0M | 21.1M | 18.0M | Interest Income | 19.8M | 21.4M | 21.7M | 19.5M |
Putnam Municipal fundamental ratios Correlations
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Putnam Municipal Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Putnam Municipal fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 625.7M | 681.7M | 639.8M | 549.4M | 498.1M | 536.6M | |
Total Stockholder Equity | 564.8M | 614.7M | 533.6M | 516.1M | 485.7M | 489.0M | |
Net Tangible Assets | 426.1M | 476.0M | 394.8M | 377.4M | 339.7M | 402.1M | |
Retained Earnings | 10.1M | 60.0M | (19.6M) | (32.3M) | (31.0M) | (29.5M) | |
Accounts Payable | 13.3M | 8.1M | 47.0M | 10.8M | 3.9M | 3.7M | |
Cash | 146.5K | 8.1K | 608.6K | (121.7K) | (139.9K) | (132.9K) | |
Net Receivables | 9.1M | 9.1M | 20.8M | 7.4M | 9.2M | 9.9M | |
Total Liab | 60.9M | 67.0M | 106.2M | 33.2M | 12.4M | 11.8M | |
Long Term Investments | 616.4M | 672.6M | 618.3M | 541.9M | 488.9M | 494.5M | |
Long Term Debt | 62.2M | 43.3M | 57.6M | 56.1M | 64.5M | 53.1M | |
Other Current Liab | 4.2M | 1.3M | 2.8M | 481.1K | (15.2M) | (14.4M) | |
Total Current Liabilities | 17.5M | 9.4M | 49.8M | 11.3M | 7.6M | 13.4M | |
Net Debt | 43.2M | 57.6M | 55.5M | 21.4M | 7.7M | 7.3M | |
Non Current Assets Total | 545.5M | 575.6M | 561.1M | 507.6M | 456.9M | 510.1M | |
Non Currrent Assets Other | (70.9M) | (97.0M) | (57.3M) | (34.3M) | (488.9M) | (513.3M) | |
Other Assets | 69.4M | 97.0M | 56.1M | 34.3M | 498.1M | 523.0M | |
Cash And Short Term Investments | 1.7M | 8.1K | 608.6K | (34.3M) | 121.7K | 127.8K | |
Non Current Liabilities Total | 43.3M | 57.6M | 56.1M | 21.4M | 4.8M | 4.6M | |
Other Stockholder Equity | (426.1M) | (476.0M) | (394.8M) | (377.4M) | (339.7M) | (322.7M) | |
Total Current Assets | 10.9M | 9.1M | 22.6M | 7.5M | 6.7M | 11.9M | |
Short Long Term Debt Total | 86.7M | 115.3M | 112.2M | 21.4M | 7.6M | 7.2M | |
Liabilities And Stockholders Equity | 625.7M | 681.7M | 639.8M | 549.4M | 498.1M | 532.3M | |
Accumulated Other Comprehensive Income | 426.1M | 476.0M | 394.8M | 377.4M | 434.0M | 275.1M | |
Long Term Debt Total | 62.2M | 43.3M | 57.6M | 56.1M | 64.5M | 54.8M | |
Short Term Debt | 43.3M | 57.6M | 56.1M | 21.4M | 7.6M | 7.2M | |
Current Deferred Revenue | (43.3M) | (57.6M) | (56.1M) | (21.4M) | 3.7M | 3.9M | |
Short Term Investments | 1.6M | (97.0M) | (57.3M) | (34.3M) | 121.7K | 127.8K | |
Inventory | (1.6M) | 19.7M | 36.9M | 57.7M | 66.3M | 69.7M | |
Other Current Assets | (25.2M) | (19.6M) | (35.7M) | (23.3M) | (9.3M) | (9.8M) | |
Net Invested Capital | 469.5M | 533.6M | 450.9M | 398.8M | 354.5M | 363.5M |
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
0.54 | LC | LendingClub Corp | PairCorr |
0.45 | GS | Goldman Sachs Group Fiscal Year End 21st of January 2025 | PairCorr |
0.38 | MS | Morgan Stanley Sell-off Trend | PairCorr |
0.37 | V | Visa Class A | PairCorr |
0.31 | DIST | Distoken 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Putnam Municipal Opportunities. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
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.