Putnam Income Fund Market Value
| PINCX Fund | USD 5.23 0.01 0.19% |
| Symbol | Putnam |
Putnam Income '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 Income'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 Income.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Putnam Income on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Putnam Income Fund or generate 0.0% return on investment in Putnam Income over 720 days. Putnam Income is related to or competes with George Putnam, Putnam Equity, Putnam International, Morningstar Unconstrained, Thrivent High, Via Renewables, and T Rowe. The fund invest mainly in bonds that are securitized debt instruments and related derivative instruments, and other obli... More
Putnam Income 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 Income'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 Income Fund upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.52) | |||
| Maximum Drawdown | 1.32 | |||
| Value At Risk | (0.56) | |||
| Potential Upside | 0.5639 |
Putnam Income Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Putnam Income's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Putnam Income's standard deviation. In reality, there are many statistical measures that can use Putnam Income historical prices to predict the future Putnam Income's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | 0.9943 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Putnam Income'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 Income Backtested Returns
Putnam 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. Putnam Income exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Putnam Income's Variance of 0.0913, coefficient of variation of (1,190), and Risk Adjusted Performance of (0.08) to confirm the risk estimate we provide. The fund holds a Beta of -0.0356, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Putnam Income are expected to decrease at a much lower rate. During the bear market, Putnam Income is likely to outperform the market.
Auto-correlation | -0.71 |
Almost perfect reverse predictability
Putnam Income Fund has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Putnam Income time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 Income price movement. The serial correlation of -0.71 indicates that around 71.0% of current Putnam Income price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.71 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Putnam Income lagged returns against current returns
Autocorrelation, which is Putnam Income 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 Income's mutual fund expected returns. We can calculate the autocorrelation of Putnam Income returns to help us make a trade decision. For example, suppose you find that Putnam Income 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 Income 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 Income mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Putnam Income 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 Income mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Putnam Income Lagged Returns
When evaluating Putnam Income's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Putnam Income mutual fund have on its future price. Putnam Income 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 Income autocorrelation shows the relationship between Putnam Income mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Putnam Income Fund.
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 Income 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 Income security.
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