Putnam High Income Fund Manager Performance Evaluation

PCF Fund  USD 6.03  0.02  0.33%   
The fund holds a Beta of 0.27, which implies not very significant fluctuations relative to the market. As returns on the market increase, Putnam High's returns are expected to increase less than the market. However, during the bear market, the loss of holding Putnam High is expected to be smaller as well.

Risk-Adjusted Performance

Weakest

 
Weak
 
Strong
Over the last 90 days Putnam High Income has generated negative risk-adjusted returns adding no value to fund investors. Despite nearly stable fundamental indicators, Putnam High is not utilizing all of its potentials. The current stock price disturbance, may contribute to mid-run losses for the stockholders.
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Putnam High Relative Risk vs. Return Landscape

If you would invest  607.00  in Putnam High Income on November 6, 2025 and sell it today you would lose (4.00) from holding Putnam High Income or give up 0.66% of portfolio value over 90 days. Putnam High Income is generating negative expected returns assuming volatility of 0.5087% on return distribution over 90 days investment horizon. In other words, 4% of funds are less volatile than Putnam, and above 99% of all equities are expected to generate higher returns over the next 90 days.
  Expected Return   
       Risk  
Considering the 90-day investment horizon Putnam High is expected to under-perform the market. But the company apears to be less risky and when comparing its historical volatility, the company is 1.47 times less risky than the market. the firm trades about -0.02 of its potential returns per unit of risk. The Dow Jones Industrial is currently generating roughly 0.12 of returns per unit of risk over similar time horizon.

Putnam High Current Valuation

Fairly Valued
Today
6.03
Please note that Putnam High's price fluctuation is very steady at this time. At this time, the fund appears to be fairly valued. Putnam High Income holds a recent Real Value of $6.05 per share. The prevailing price of the fund is $6.03. We determine the value of Putnam High Income from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we support locking in undervalued funds and disposing overvalued funds since, at some point, fund prices and their ongoing real values will merge together.
The fair value of the Putnam fund is determined by what a typical buyer is willing to pay for full or partial control of Putnam High Income. Since Putnam High is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Putnam Fund. However, Putnam High's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value.
Historical Market  6.03 Real  6.05 Hype  6.05 Naive  6.0
The real value of Putnam Fund, also known as its intrinsic value, is the underlying worth of Putnam High Income Fund, which is reflected in its stock price. It is based on Putnam High's financial performance, growth prospects, management team, or industry conditions. The intrinsic value of Putnam High's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, or news.
6.05
Real Value
6.56
Upside
Estimating the potential upside or downside of Putnam High Income helps investors to forecast how Putnam fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Putnam High more accurately as focusing exclusively on Putnam High's fundamentals will not take into account other important factors:
Bollinger
Band Projection (param)
LowerMiddle BandUpper
6.046.086.12
Details
Hype
Prediction
LowEstimatedHigh
5.546.056.56
Details
Naive
Forecast
LowNext ValueHigh
5.496.006.51
Details

Putnam High Target Price Odds to finish over Current Price

The tendency of Putnam Fund price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
Current PriceHorizonTarget PriceOdds to move above the current price in 90 days
 6.03 90 days 6.03 
about 78.27
Based on a normal probability distribution, the odds of Putnam High to move above the current price in 90 days from now is about 78.27 (This Putnam High Income probability density function shows the probability of Putnam Fund to fall within a particular range of prices over 90 days) .
Considering the 90-day investment horizon Putnam High has a beta of 0.27 indicating as returns on the market go up, Putnam High average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Putnam High Income will be expected to be much smaller as well. Additionally Putnam High Income has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial.
   Putnam High Price Density   
       Price  

Predictive Modules for Putnam High

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Putnam High Income. Regardless of method or technology, however, to accurately forecast the fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the fund market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Putnam High'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.
Hype
Prediction
LowEstimatedHigh
5.546.056.56
Details
Intrinsic
Valuation
LowRealHigh
5.546.056.56
Details
Naive
Forecast
LowNextHigh
5.496.006.51
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
6.046.086.12
Details

Putnam High Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Putnam High is not an exception. The market had few large corrections towards the Putnam High's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Putnam High Income, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Putnam High within the framework of very fundamental risk indicators.
α
Alpha over Dow Jones
-0.03
β
Beta against Dow Jones0.27
σ
Overall volatility
0.05
Ir
Information ratio -0.15

Putnam High Alerts and Suggestions

In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Putnam High for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Putnam High Income can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
Putnam High Income generated a negative expected return over the last 90 days

Putnam High Fundamentals Growth

Putnam Fund prices reflect investors' perceptions of the future prospects and financial health of Putnam High, and Putnam High fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Putnam Fund performance.

About Putnam High Performance

By analyzing Putnam High's fundamental ratios, stakeholders can gain valuable insights into Putnam High's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Putnam High has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Putnam High has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
High Income Securities Fund is a closed-ended balanced income mutual fund launched and managed by Putnam Investment Management, LLC. The fund was formerly known as Putnam High Income Securities Fund High Income Securities Fund was formed on July 9, 1987 and is domiciled in the United States. Putnam High operates under Asset Management classification in the United States and is traded on New York Stock Exchange.

Things to note about Putnam High Income performance evaluation

Checking the ongoing alerts about Putnam High for important developments is a great way to find new opportunities for your next move. Fund alerts and notifications screener for Putnam High Income help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Putnam High Income generated a negative expected return over the last 90 days
Evaluating Putnam High's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Putnam High's fund performance include:
  • Analyzing Putnam High's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
  • Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Putnam High's stock is overvalued or undervalued compared to its peers.
  • Examining Putnam High's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
  • Evaluating Putnam High's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Putnam High's management team can help you assess the Fund's leadership.
  • Pay attention to analyst opinions and ratings of Putnam High's fund. These opinions can provide insight into Putnam High's potential for growth and whether the stock is currently undervalued or overvalued.
It's essential to remember that evaluating Putnam High's fund performance is not an exact science, and many factors can impact Putnam High's fund market price. Therefore, it's also important to diversify your portfolio and not rely solely on one company or stock for your investments.

Other Information on Investing in Putnam Fund

Putnam High financial ratios help investors to determine whether Putnam 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 High security.
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