Putnam Floating Rate Fund Market Value
| PFICX Fund | USD 8.00 0.01 0.13% |
| Symbol | Putnam |
Putnam Floating '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 Floating'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 Putnam Floating.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in Putnam Floating on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding Putnam Floating Rate or generate 0.0% return on investment in Putnam Floating over 180 days. Putnam Floating is related to or competes with Floating Rate, Lord Abbett, HUMANA, Barloworld, Morningstar Unconstrained, Thrivent High, and High-yield Municipal. The fund invests mainly in corporate loans and debt securities that have floating rates of interest and other corporate ... More
Putnam Floating 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 Floating'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 Putnam Floating Rate upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1349 | |||
| Information Ratio | (0.74) | |||
| Maximum Drawdown | 0.7613 | |||
| Value At Risk | (0.13) | |||
| Potential Upside | 0.2513 |
Putnam Floating Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Putnam Floating's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Putnam Floating's standard deviation. In reality, there are many statistical measures that can use Putnam Floating historical prices to predict the future Putnam Floating's volatility.| Risk Adjusted Performance | 0.127 | |||
| Jensen Alpha | 0.0171 | |||
| Total Risk Alpha | (0.0006) | |||
| Sortino Ratio | (0.74) | |||
| Treynor Ratio | 0.6833 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Putnam Floating'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 Floating Rate Backtested Returns
At this stage we consider Putnam Mutual Fund to be very steady. Putnam Floating Rate maintains Sharpe Ratio (i.e., Efficiency) of 0.22, which implies the entity had a 0.22% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Putnam Floating Rate, which you can use to evaluate the volatility of the fund. Please check Putnam Floating's Downside Deviation of 0.1349, risk adjusted performance of 0.127, and Standard Deviation of 0.1353 to confirm if the risk estimate we provide is consistent with the expected return of 0.0297%. The fund holds a Beta of 0.0303, which implies not very significant fluctuations relative to the market. As returns on the market increase, Putnam Floating's returns are expected to increase less than the market. However, during the bear market, the loss of holding Putnam Floating is expected to be smaller as well.
Auto-correlation | 0.88 |
Very good predictability
Putnam Floating Rate has very good predictability. Overlapping area represents the amount of predictability between Putnam Floating time series from 31st of May 2024 to 29th of August 2024 and 29th of August 2024 to 27th 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 Floating Rate price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Putnam Floating price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.95 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Putnam Floating Rate lagged returns against current returns
Autocorrelation, which is Putnam Floating 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 Putnam Floating's mutual fund expected returns. We can calculate the autocorrelation of Putnam Floating returns to help us make a trade decision. For example, suppose you find that Putnam Floating 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 |
Putnam Floating 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 Floating mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Putnam Floating mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Putnam Floating mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Putnam Floating Lagged Returns
When evaluating Putnam Floating's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Putnam Floating mutual fund have on its future price. Putnam Floating 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 Floating autocorrelation shows the relationship between Putnam Floating mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Putnam Floating Rate.
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 Putnam Mutual Fund
Putnam Floating financial ratios help investors to determine whether Putnam 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 Putnam with respect to the benefits of owning Putnam Floating security.
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