Putnam Managed Municipal Stock Market Value
| PMM Stock | USD 6.16 0.01 0.16% |
| Symbol | Putnam |
Putnam Managed Municipal Price To Book Ratio
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Putnam Managed. If investors know Putnam will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Putnam Managed listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.251 | Dividend Share 0.286 | Earnings Share 0.58 | Revenue Per Share 0.422 | Quarterly Revenue Growth (0) |
The market value of Putnam Managed Municipal is measured differently than its book value, which is the value of Putnam that is recorded on the company's balance sheet. Investors also form their own opinion of Putnam Managed's value that differs from its market value or its book value, called intrinsic value, which is Putnam Managed's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Putnam Managed's market value can be influenced by many factors that don't directly affect Putnam Managed's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Putnam Managed's value and its price as these two are different measures arrived at by different means. Investors typically determine if Putnam Managed is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Putnam Managed's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Putnam Managed '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 Managed's stock 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 Managed.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Putnam Managed on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Putnam Managed Municipal or generate 0.0% return on investment in Putnam Managed over 30 days. Putnam Managed is related to or competes with MFS Investment, Eaton Vance, Blackrock Munivest, DTF Tax, MFS High, Munivest Fund, and Blackrock Muniyield. Putnam Managed Municipal Income Trust is a close-ended fixed income mutual fund launched and managed by Putnam Investmen... More
Putnam Managed 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 Managed's stock 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 Managed Municipal upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.29) | |||
| Maximum Drawdown | 2.86 | |||
| Value At Risk | (1.13) | |||
| Potential Upside | 0.9709 |
Putnam Managed Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Putnam Managed's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Putnam Managed's standard deviation. In reality, there are many statistical measures that can use Putnam Managed historical prices to predict the future Putnam Managed's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (1.64) |
Putnam Managed Municipal Backtested Returns
Putnam Managed Municipal maintains Sharpe Ratio (i.e., Efficiency) of -0.0554, which implies the firm had a -0.0554% return per unit of risk over the last 3 months. Putnam Managed Municipal exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Putnam Managed's Coefficient Of Variation of (1,236), variance of 0.4005, and Risk Adjusted Performance of (0.06) to confirm the risk estimate we provide. The company holds a Beta of 0.0374, which implies not very significant fluctuations relative to the market. As returns on the market increase, Putnam Managed's returns are expected to increase less than the market. However, during the bear market, the loss of holding Putnam Managed is expected to be smaller as well. At this point, Putnam Managed Municipal has a negative expected return of -0.0333%. Please make sure to check Putnam Managed's value at risk, daily balance of power, as well as the relationship between the Daily Balance Of Power and price action indicator , to decide if Putnam Managed Municipal performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.22 |
Weak reverse predictability
Putnam Managed Municipal has weak reverse predictability. Overlapping area represents the amount of predictability between Putnam Managed time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 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 Managed Municipal price movement. The serial correlation of -0.22 indicates that over 22.0% of current Putnam Managed price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Putnam Managed Municipal lagged returns against current returns
Autocorrelation, which is Putnam Managed stock'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 Managed's stock expected returns. We can calculate the autocorrelation of Putnam Managed returns to help us make a trade decision. For example, suppose you find that Putnam Managed has exhibited high autocorrelation historically, and you observe that the stock 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 Managed 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 Managed stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Putnam Managed stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Putnam Managed stock over time.
Current vs Lagged Prices |
| Timeline |
Putnam Managed Lagged Returns
When evaluating Putnam Managed's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Putnam Managed stock have on its future price. Putnam Managed 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 Managed autocorrelation shows the relationship between Putnam Managed stock current value and its past values and can show if there is a momentum factor associated with investing in Putnam Managed Municipal.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Putnam Managed Correlation, Putnam Managed Volatility and Putnam Managed Alpha and Beta module to complement your research on Putnam Managed. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Putnam Managed technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.