Putnam Global Equity Fund Market Value
| PGLRX Fund | USD 14.75 0.14 0.96% |
| Symbol | Putnam |
Putnam Global '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 Global'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 Global.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Putnam Global on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Putnam Global Equity or generate 0.0% return on investment in Putnam Global over 30 days. Putnam Global is related to or competes with Vanguard Total, Vanguard Developed, and Fidelity International. The fund invests mainly in common stocks of companies of any size outside the United States that the adviser believes ha... More
Putnam Global 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 Global'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 Global Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7142 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 2.85 | |||
| Value At Risk | (1.09) | |||
| Potential Upside | 1.04 |
Putnam Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Putnam Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Putnam Global's standard deviation. In reality, there are many statistical measures that can use Putnam Global historical prices to predict the future Putnam Global's volatility.| Risk Adjusted Performance | 0.0392 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.0365 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Putnam Global'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 Global Equity Backtested Returns
We consider Putnam Global very steady. Putnam Global Equity maintains Sharpe Ratio (i.e., Efficiency) of 0.0456, which implies the entity had a 0.0456% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Putnam Global Equity, which you can use to evaluate the volatility of the fund. Please check Putnam Global's Coefficient Of Variation of 1611.08, risk adjusted performance of 0.0392, and Semi Deviation of 0.6458 to confirm if the risk estimate we provide is consistent with the expected return of 0.0304%. The fund holds a Beta of 0.84, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Putnam Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Putnam Global is expected to be smaller as well.
Auto-correlation | -0.28 |
Weak reverse predictability
Putnam Global Equity has weak reverse predictability. Overlapping area represents the amount of predictability between Putnam Global time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th of April 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 Global Equity price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Putnam Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Putnam Global Equity lagged returns against current returns
Autocorrelation, which is Putnam Global 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 Global's mutual fund expected returns. We can calculate the autocorrelation of Putnam Global returns to help us make a trade decision. For example, suppose you find that Putnam Global 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 Global 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 Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Putnam Global 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 Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Putnam Global Lagged Returns
When evaluating Putnam Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Putnam Global mutual fund have on its future price. Putnam Global 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 Global autocorrelation shows the relationship between Putnam Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Putnam Global Equity.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Putnam Global in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Putnam Global's short interest history, or implied volatility extrapolated from Putnam Global options trading.
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Check out Putnam Global Correlation, Putnam Global Volatility and Putnam Global Alpha and Beta module to complement your research on Putnam Global. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Putnam Global technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.