Putnam Ultra Short Fund Market Value
| PSDNX Fund | USD 10.10 0.01 0.1% |
| Symbol | Putnam |
Putnam Ultra '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 Ultra'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 Ultra.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in Putnam Ultra on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Putnam Ultra Short or generate 0.0% return on investment in Putnam Ultra over 360 days. Putnam Ultra is related to or competes with Maryland Short-term, Siit Ultra, Locorr Longshort, Angel Oak, Short-intermediate, Touchstone Ultra, and Vanguard Institutional. The fund invests in a diversified portfolio of fixed income securities comprised of short duration, investment-grade mon... More
Putnam Ultra 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 Ultra'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 Ultra Short upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.107 | |||
| Information Ratio | (0.90) | |||
| Maximum Drawdown | 0.6005 | |||
| Value At Risk | (0.1) | |||
| Potential Upside | 0.0997 |
Putnam Ultra Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Putnam Ultra's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Putnam Ultra's standard deviation. In reality, there are many statistical measures that can use Putnam Ultra historical prices to predict the future Putnam Ultra's volatility.| Risk Adjusted Performance | 0.0712 | |||
| Jensen Alpha | 0.0088 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.85) | |||
| Treynor Ratio | (1.20) |
Putnam Ultra Short Backtested Returns
At this stage we consider Putnam Mutual Fund to be very steady. Putnam Ultra Short maintains Sharpe Ratio (i.e., Efficiency) of 0.18, which implies the entity had a 0.18% return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Putnam Ultra Short, which you can use to evaluate the volatility of the fund. Please check Putnam Ultra's Risk Adjusted Performance of 0.0712, downside deviation of 0.107, and Standard Deviation of 0.1018 to confirm if the risk estimate we provide is consistent with the expected return of 0.0187%. The fund holds a Beta of -0.0068, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Putnam Ultra are expected to decrease at a much lower rate. During the bear market, Putnam Ultra is likely to outperform the market.
Auto-correlation | 0.98 |
Excellent predictability
Putnam Ultra Short has excellent predictability. Overlapping area represents the amount of predictability between Putnam Ultra time series from 28th of November 2023 to 26th of May 2024 and 26th of May 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 Ultra Short price movement. The serial correlation of 0.98 indicates that 98.0% of current Putnam Ultra price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.98 | |
| Spearman Rank Test | 0.98 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Putnam Ultra Short lagged returns against current returns
Autocorrelation, which is Putnam Ultra 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 Ultra's mutual fund expected returns. We can calculate the autocorrelation of Putnam Ultra returns to help us make a trade decision. For example, suppose you find that Putnam Ultra 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 Ultra 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 Ultra mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Putnam Ultra 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 Ultra mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Putnam Ultra Lagged Returns
When evaluating Putnam Ultra's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Putnam Ultra mutual fund have on its future price. Putnam Ultra 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 Ultra autocorrelation shows the relationship between Putnam Ultra mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Putnam Ultra Short.
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 Ultra 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 Ultra security.
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