Putnam Multi Cap Growth Fund Market Value
| PNOYX Fund | USD 156.42 0.85 0.55% |
| Symbol | Putnam |
Putnam Multi '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 Multi'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 Multi.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Putnam Multi on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Putnam Multi Cap Growth or generate 0.0% return on investment in Putnam Multi over 540 days. Putnam Multi is related to or competes with Putnam International, George Putnam, Putnam Dynamic, Putnam Dynamic, and Putnam Equity. The fund mainly invests in common stocks of U.S More
Putnam Multi 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 Multi'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 Multi Cap Growth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8614 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 3.86 | |||
| Value At Risk | (1.30) | |||
| Potential Upside | 1.26 |
Putnam Multi Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Putnam Multi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Putnam Multi's standard deviation. In reality, there are many statistical measures that can use Putnam Multi historical prices to predict the future Putnam Multi's volatility.| Risk Adjusted Performance | 0.0781 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.087 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Putnam Multi'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 Multi Cap Backtested Returns
At this stage we consider Putnam Mutual Fund to be very steady. Putnam Multi Cap maintains Sharpe Ratio (i.e., Efficiency) of 0.16, which implies the entity had a 0.16% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Putnam Multi Cap, which you can use to evaluate the volatility of the fund. Please check Putnam Multi's Coefficient Of Variation of 982.02, semi deviation of 0.7225, and Risk Adjusted Performance of 0.0781 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%. The fund holds a Beta of 0.79, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Putnam Multi's returns are expected to increase less than the market. However, during the bear market, the loss of holding Putnam Multi is expected to be smaller as well.
Auto-correlation | 0.61 |
Good predictability
Putnam Multi Cap Growth has good predictability. Overlapping area represents the amount of predictability between Putnam Multi time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Multi Cap price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Putnam Multi price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 42.75 |
Putnam Multi Cap lagged returns against current returns
Autocorrelation, which is Putnam Multi 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 Multi's mutual fund expected returns. We can calculate the autocorrelation of Putnam Multi returns to help us make a trade decision. For example, suppose you find that Putnam Multi 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 Multi 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 Multi mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Putnam Multi 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 Multi mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Putnam Multi Lagged Returns
When evaluating Putnam Multi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Putnam Multi mutual fund have on its future price. Putnam Multi 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 Multi autocorrelation shows the relationship between Putnam Multi mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Putnam Multi Cap Growth.
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 Multi 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 Multi security.
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