Putnam Equity Income Fund Technical Analysis

PEYAX Fund  USD 34.49  0.40  1.17%   
As of the 28th of March, Putnam Equity holds the Semi Deviation of 0.06, risk adjusted performance of 0.2059, and Coefficient Of Variation of 268.23. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Putnam Equity, as well as the relationship between them. Put it differently, you can use this information to find out if the fund will indeed mirror its model of past market data, or the prices will eventually revert. We were able to analyze nineteen technical drivers for Putnam Equity Income, which can be compared to its competitors. Please check Putnam Equity Income jensen alpha and semi variance to decide if Putnam Equity Income is priced some-what accurately, providing market reflects its current price of 34.49 per share.

Putnam Equity Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Putnam, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Putnam
  
Putnam Equity's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.
Putnam Equity 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.
A focus of Putnam Equity technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Putnam Equity trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Putnam Equity Income Technical Analysis

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Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Putnam Equity Income volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Putnam Equity Income Trend Analysis

Use this graph to draw trend lines for Putnam Equity Income. You can use it to identify possible trend reversals for Putnam Equity as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Putnam Equity price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Putnam Equity Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Putnam Equity Income applied against its price change over selected period. The best fit line has a slop of   0.06  , which means Putnam Equity Income will continue generating value for investors. It has 122 observation points and a regression sum of squares at 142.64, which is the sum of squared deviations for the predicted Putnam Equity price change compared to its average price change.

About Putnam Equity Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Putnam Equity Income on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Putnam Equity Income based on its technical analysis. In general, a bottom-up approach, as applied to this mutual fund, focuses on Putnam Equity Income price pattern first instead of the macroeconomic environment surrounding Putnam Equity Income. By analyzing Putnam Equity's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Putnam Equity's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Putnam Equity specific price patterns or momentum indicators. Please read more on our technical analysis page.

Putnam Equity March 28, 2024 Technical Indicators

Most technical analysis of Putnam help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Putnam from various momentum indicators to cycle indicators. When you analyze Putnam charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Putnam Equity Income One Year Return

Based on the recorded statements, Putnam Equity Income has an One Year Return of 30.5247%. This is 89.48% higher than that of the Putnam family and significantly higher than that of the Large Value category. The one year return for all United States funds is notably lower than that of the firm.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.

Putnam Equity March 28, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Putnam stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Putnam Equity Income. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
Note that the Putnam Equity Income information on this page should be used as a complementary analysis to other Putnam Equity's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

Complementary Tools for Putnam Mutual Fund analysis

When running Putnam Equity's price analysis, check to measure Putnam Equity's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Putnam Equity is operating at the current time. Most of Putnam Equity's value examination focuses on studying past and present price action to predict the probability of Putnam Equity's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Putnam Equity's price. Additionally, you may evaluate how the addition of Putnam Equity to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Putnam Equity's value and its price as these two are different measures arrived at by different means. Investors typically determine if Putnam Equity is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Putnam Equity'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.