Putnam Etf Trust Etf Performance
| PULT Etf | 50.63 0.02 0.04% |
The etf holds a Beta of -0.0044, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Putnam ETF are expected to decrease at a much lower rate. During the bear market, Putnam ETF is likely to outperform the market.
Risk-Adjusted Performance
46 of 100
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Compared to the overall equity markets, risk-adjusted returns on investments in Putnam ETF Trust are ranked lower than 46 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively stable essential indicators, Putnam ETF is not utilizing all of its potentials. The current stock price uproar, may contribute to short-horizon losses for the private investors. ...more
1 | Long Term Investment Analysis - Stock Traders Daily | 10/23/2024 |
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Putnam ETF Relative Risk vs. Return Landscape
If you would invest 5,002 in Putnam ETF Trust on August 29, 2024 and sell it today you would earn a total of 59.00 from holding Putnam ETF Trust or generate 1.18% return on investment over 90 days. Putnam ETF Trust is currently generating 0.0183% in daily expected returns and assumes 0.0313% risk (volatility on return distribution) over the 90 days horizon. In different words, 0% of etfs are less volatile than Putnam, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
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Putnam ETF Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Putnam ETF's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Putnam ETF Trust, and traders can use it to determine the average amount a Putnam ETF's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.5849
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Based on monthly moving average Putnam ETF is performing at about 46% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Putnam ETF by adding it to a well-diversified portfolio.
About Putnam ETF Performance
Assessing Putnam ETF's fundamental ratios provides investors with valuable insights into Putnam ETF's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the Putnam ETF is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
Putnam ETF is entity of United States. It is traded as Etf on NYSE ARCA exchange.| Putnam is showing solid risk-adjusted performance over 90 days |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Putnam ETF Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
The market value of Putnam ETF Trust is measured differently than its book value, which is the value of Putnam that is recorded on the company's balance sheet. Investors also form their own opinion of Putnam ETF's value that differs from its market value or its book value, called intrinsic value, which is Putnam ETF's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Putnam ETF's market value can be influenced by many factors that don't directly affect Putnam ETF's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Putnam ETF's value and its price as these two are different measures arrived at by different means. Investors typically determine if Putnam ETF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Putnam ETF's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.