Great West Putnam High Fund Market Value
| MXFRX Fund | USD 10.42 0.02 0.19% |
| Symbol | Great-west |
Great-west Putnam 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Great-west Putnam's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Great-west Putnam.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Great-west Putnam on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Great West Putnam High or generate 0.0% return on investment in Great-west Putnam over 360 days. Great-west Putnam is related to or competes with Gmo High, Touchstone Premium, Bbh Intermediate, Federated Pennsylvania, Bbh Intermediate, and Multisector Bond. The fund will, under normal circumstances, invest at least 80 percent of its net assets in below investment grade securi... More
Great-west Putnam Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Great-west Putnam's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Great West Putnam High upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2258 | |||
| Information Ratio | (0.41) | |||
| Maximum Drawdown | 0.6865 | |||
| Value At Risk | (0.29) | |||
| Potential Upside | 0.2962 |
Great-west Putnam Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Great-west Putnam's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Great-west Putnam's standard deviation. In reality, there are many statistical measures that can use Great-west Putnam historical prices to predict the future Great-west Putnam's volatility.| Risk Adjusted Performance | 0.1725 | |||
| Jensen Alpha | 0.0355 | |||
| Total Risk Alpha | 0.0116 | |||
| Sortino Ratio | (0.33) | |||
| Treynor Ratio | 1.31 |
Great West Putnam Backtested Returns
At this stage we consider Great-west Mutual Fund to be very steady. Great West Putnam holds Efficiency (Sharpe) Ratio of 0.29, which attests that the entity had a 0.29% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Great West Putnam, which you can use to evaluate the volatility of the entity. Please check out Great-west Putnam's Coefficient Of Variation of 374.06, risk adjusted performance of 0.1725, and Market Risk Adjusted Performance of 1.32 to validate if the risk estimate we provide is consistent with the expected return of 0.052%. The fund retains a Market Volatility (i.e., Beta) of 0.0298, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Great-west Putnam's returns are expected to increase less than the market. However, during the bear market, the loss of holding Great-west Putnam is expected to be smaller as well.
Auto-correlation | 0.81 |
Very good predictability
Great West Putnam High has very good predictability. Overlapping area represents the amount of predictability between Great-west Putnam time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Great West Putnam price movement. The serial correlation of 0.81 indicates that around 81.0% of current Great-west Putnam price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Great West Putnam lagged returns against current returns
Autocorrelation, which is Great-west Putnam mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Great-west Putnam's mutual fund expected returns. We can calculate the autocorrelation of Great-west Putnam returns to help us make a trade decision. For example, suppose you find that Great-west Putnam has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Great-west Putnam regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Great-west Putnam mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Great-west Putnam mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Great-west Putnam mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Great-west Putnam Lagged Returns
When evaluating Great-west Putnam's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Great-west Putnam mutual fund have on its future price. Great-west Putnam autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Great-west Putnam autocorrelation shows the relationship between Great-west Putnam mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Great West Putnam High.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Great-west Mutual Fund
Great-west Putnam financial ratios help investors to determine whether Great-west 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 Great-west with respect to the benefits of owning Great-west Putnam security.
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets |