Putnam High Income Fund Market Value
| PCF Fund | USD 6.71 0.01 0.15% |
| Symbol | Putnam |
Putnam High '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 Putnam High's 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 Putnam High.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Putnam High on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Putnam High Income or generate 0.0% return on investment in Putnam High over 30 days. Putnam High is related to or competes with MFS Investment, Eaton Vance, Blackrock Muniholdings, Blackrock Muniyield, Munivest Fund, Blackrock Muni, and DTF Tax. High Income Securities Fund is a closed-ended balanced income mutual fund launched and managed by Putnam Investment Mana... More
Putnam High 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 Putnam High's 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 Putnam High Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4781 | |||
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 2.1 | |||
| Value At Risk | (0.89) | |||
| Potential Upside | 0.9009 |
Putnam High Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Putnam High's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Putnam High's standard deviation. In reality, there are many statistical measures that can use Putnam High historical prices to predict the future Putnam High's volatility.| Risk Adjusted Performance | 0.0757 | |||
| Jensen Alpha | 0.0272 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.12) | |||
| Treynor Ratio | 0.2585 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Putnam High's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Putnam High Income Backtested Returns
At this point, Putnam High is very steady. Putnam High Income maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the entity had a 0.11% return per unit of risk over the last 3 months. We have found thirty technical indicators for Putnam High Income, which you can use to evaluate the volatility of the fund. Please check Putnam High's Semi Deviation of 0.3656, coefficient of variation of 945.89, and Risk Adjusted Performance of 0.0757 to confirm if the risk estimate we provide is consistent with the expected return of 0.0534%. The fund holds a Beta of 0.17, which implies not very significant fluctuations relative to the market. As returns on the market increase, Putnam High's returns are expected to increase less than the market. However, during the bear market, the loss of holding Putnam High is expected to be smaller as well.
Auto-correlation | -0.67 |
Very good reverse predictability
Putnam High Income has very good reverse predictability. Overlapping area represents the amount of predictability between Putnam High time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd of November 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 Putnam High Income price movement. The serial correlation of -0.67 indicates that around 67.0% of current Putnam High price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Putnam High Income lagged returns against current returns
Autocorrelation, which is Putnam High 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 Putnam High's fund expected returns. We can calculate the autocorrelation of Putnam High returns to help us make a trade decision. For example, suppose you find that Putnam High has exhibited high autocorrelation historically, and you observe that the 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 |
Putnam High 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 Putnam High fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Putnam High fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Putnam High fund over time.
Current vs Lagged Prices |
| Timeline |
Putnam High Lagged Returns
When evaluating Putnam High's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Putnam High fund have on its future price. Putnam High 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, Putnam High autocorrelation shows the relationship between Putnam High fund current value and its past values and can show if there is a momentum factor associated with investing in Putnam High Income.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Putnam Fund
Putnam High financial ratios help investors to determine whether Putnam 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 Putnam with respect to the benefits of owning Putnam High security.
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