Putnam Global Health Fund Market Value
| PHSTX Fund | USD 63.15 0.23 0.37% |
| Symbol | Putnam |
Putnam Global '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 Global'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 Global.
| 06/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in Putnam Global on June 9, 2023 and sell it all today you would earn a total of 0.00 from holding Putnam Global Health or generate 0.0% return on investment in Putnam Global over 540 days. Putnam Global is related to or competes with World Energy, Short Oil, Oil Gas, Fidelity Advisor, Goehring Rozencwajg, and Ivy Energy. The fund invests mainly in common stocks of large and midsize companies worldwide that the manager believes have favorab... More
Putnam Global 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 Global'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 Global Health upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.39) | |||
| Maximum Drawdown | 2.85 | |||
| Value At Risk | (1.41) | |||
| Potential Upside | 0.7884 |
Putnam Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Putnam Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Putnam Global's standard deviation. In reality, there are many statistical measures that can use Putnam Global historical prices to predict the future Putnam Global's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | (0.34) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Putnam Global'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 Global Health Backtested Returns
Putnam Global Health maintains Sharpe Ratio (i.e., Efficiency) of -0.19, which implies the entity had a -0.19% return per unit of risk over the last 3 months. Putnam Global Health exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Putnam Global's Risk Adjusted Performance of (0.15), coefficient of variation of (522.32), and Variance of 0.4592 to confirm the risk estimate we provide. The fund holds a Beta of 0.41, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Putnam Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Putnam Global is expected to be smaller as well.
Auto-correlation | 0.11 |
Insignificant predictability
Putnam Global Health has insignificant predictability. Overlapping area represents the amount of predictability between Putnam Global time series from 9th of June 2023 to 5th of March 2024 and 5th of March 2024 to 30th 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 Global Health price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Putnam Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 5.87 |
Putnam Global Health lagged returns against current returns
Autocorrelation, which is Putnam Global 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 Global's mutual fund expected returns. We can calculate the autocorrelation of Putnam Global returns to help us make a trade decision. For example, suppose you find that Putnam Global 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 Global 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 Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Putnam Global 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 Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Putnam Global Lagged Returns
When evaluating Putnam Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Putnam Global mutual fund have on its future price. Putnam Global 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 Global autocorrelation shows the relationship between Putnam Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Putnam Global Health.
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 Global 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 Global security.
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