Putnam Multicap Core Fund Market Value
| PMYYX Fund | USD 45.37 0.22 0.48% |
| Symbol | Putnam |
Putnam Multicap '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 Multicap'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 Multicap.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Putnam Multicap on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Putnam Multicap Core or generate 0.0% return on investment in Putnam Multicap over 30 days. Putnam Multicap is related to or competes with Victory Rs, Growth Fund, Praxis Growth, Rational Defensive, and Eip Growth. The fund invests mainly in common stocks of U.S More
Putnam Multicap 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 Multicap'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 Multicap Core upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.795 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 4.16 | |||
| Value At Risk | (1.27) | |||
| Potential Upside | 1.33 |
Putnam Multicap Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Putnam Multicap's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Putnam Multicap's standard deviation. In reality, there are many statistical measures that can use Putnam Multicap historical prices to predict the future Putnam Multicap's volatility.| Risk Adjusted Performance | 0.1014 | |||
| Jensen Alpha | 0.0994 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (1.81) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Putnam Multicap'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 Multicap Core Backtested Returns
At this stage we consider Putnam Mutual Fund to be very steady. Putnam Multicap Core maintains Sharpe Ratio (i.e., Efficiency) of 0.12, which implies the entity had a 0.12% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Putnam Multicap Core, which you can use to evaluate the volatility of the fund. Please check Putnam Multicap's Risk Adjusted Performance of 0.1014, coefficient of variation of 754.74, and Semi Deviation of 0.6376 to confirm if the risk estimate we provide is consistent with the expected return of 0.0948%. The fund holds a Beta of -0.052, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Putnam Multicap are expected to decrease at a much lower rate. During the bear market, Putnam Multicap is likely to outperform the market.
Auto-correlation | 0.11 |
Insignificant predictability
Putnam Multicap Core has insignificant predictability. Overlapping area represents the amount of predictability between Putnam Multicap 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 Multicap Core price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Putnam Multicap price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Putnam Multicap Core lagged returns against current returns
Autocorrelation, which is Putnam Multicap 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 Multicap's mutual fund expected returns. We can calculate the autocorrelation of Putnam Multicap returns to help us make a trade decision. For example, suppose you find that Putnam Multicap 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 Multicap 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 Multicap mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Putnam Multicap 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 Multicap mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Putnam Multicap Lagged Returns
When evaluating Putnam Multicap's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Putnam Multicap mutual fund have on its future price. Putnam Multicap 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 Multicap autocorrelation shows the relationship between Putnam Multicap mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Putnam Multicap Core.
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 Multicap 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 Multicap security.
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