Putman Absolute Return Fund Market Value
| PTRKX Fund | USD 8.29 0.03 0.36% |
| Symbol | Putman |
Putman Absolute '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 Putman Absolute'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 Putman Absolute.
| 03/05/2024 |
| 11/30/2024 |
If you would invest 0.00 in Putman Absolute on March 5, 2024 and sell it all today you would earn a total of 0.00 from holding Putman Absolute Return or generate 0.0% return on investment in Putman Absolute over 270 days. Putman Absolute is related to or competes with Blackrock Inflation, Ab Bond, The Hartford, Guidepath(r) Managed, Western Asset, and American Funds. The fund invests mainly in a diversified portfolio of investment-grade fixed-income securities More
Putman Absolute 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 Putman Absolute'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 Putman Absolute Return upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.49) | |||
| Maximum Drawdown | 1.22 | |||
| Value At Risk | (0.61) | |||
| Potential Upside | 0.4779 |
Putman Absolute Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Putman Absolute's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Putman Absolute's standard deviation. In reality, there are many statistical measures that can use Putman Absolute historical prices to predict the future Putman Absolute's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | 0.4 |
Putman Absolute Return Backtested Returns
Putman Absolute Return maintains Sharpe Ratio (i.e., Efficiency) of -0.0771, which implies the entity had a -0.0771% return per unit of risk over the last 3 months. Putman Absolute Return exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Putman Absolute's Risk Adjusted Performance of (0.05), coefficient of variation of (2,487), and Variance of 0.0932 to confirm the risk estimate we provide. The fund holds a Beta of -0.0557, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Putman Absolute are expected to decrease at a much lower rate. During the bear market, Putman Absolute is likely to outperform the market.
Auto-correlation | -0.65 |
Very good reverse predictability
Putman Absolute Return has very good reverse predictability. Overlapping area represents the amount of predictability between Putman Absolute time series from 5th of March 2024 to 18th of July 2024 and 18th of July 2024 to 30th 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 Putman Absolute Return price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current Putman Absolute price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Putman Absolute Return lagged returns against current returns
Autocorrelation, which is Putman Absolute 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 Putman Absolute's mutual fund expected returns. We can calculate the autocorrelation of Putman Absolute returns to help us make a trade decision. For example, suppose you find that Putman Absolute 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 |
Putman Absolute 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 Putman Absolute mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Putman Absolute mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Putman Absolute mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Putman Absolute Lagged Returns
When evaluating Putman Absolute's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Putman Absolute mutual fund have on its future price. Putman Absolute 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, Putman Absolute autocorrelation shows the relationship between Putman Absolute mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Putman Absolute Return.
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 Putman Mutual Fund
Putman Absolute financial ratios help investors to determine whether Putman 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 Putman with respect to the benefits of owning Putman Absolute security.
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