Putnam Research Fund Technical Analysis
| PNRAX Fund | USD 48.71 0.60 1.25% |
As of the 24th of April, Putnam Research holds the Semi Deviation of 0.5973, coefficient of variation of 783.61, and Risk Adjusted Performance of 0.0806. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Putnam Research, 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 Research, which can be compared to its competitors. Please check Putnam Research jensen alpha and semi variance to decide if Putnam Research is priced some-what accurately, providing market reflects its current price of 48.71 per share.
Putnam Research 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 PutnamPutnam |
Putnam Research 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.
Putnam Research Technical Analysis
The output start index for this execution was eight with a total number of output elements of fifty-three. 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 Research volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Putnam Research Trend Analysis
Use this graph to draw trend lines for Putnam Research Fund. You can use it to identify possible trend reversals for Putnam Research 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 Research price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Putnam Research Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Putnam Research Fund applied against its price change over selected period. The best fit line has a slop of 0.05 , which means Putnam Research Fund will continue generating value for investors. It has 122 observation points and a regression sum of squares at 84.87, which is the sum of squared deviations for the predicted Putnam Research price change compared to its average price change.About Putnam Research 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 Research Fund 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 Research Fund based on its technical analysis. In general, a bottom-up approach, as applied to this mutual fund, focuses on Putnam Research price pattern first instead of the macroeconomic environment surrounding Putnam Research. By analyzing Putnam Research'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 Research'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 Research specific price patterns or momentum indicators. Please read more on our technical analysis page.
Putnam Research April 24, 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.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0806 | |||
| Market Risk Adjusted Performance | 0.0984 | |||
| Mean Deviation | 0.5967 | |||
| Semi Deviation | 0.5973 | |||
| Downside Deviation | 0.7203 | |||
| Coefficient Of Variation | 783.61 | |||
| Standard Deviation | 0.772 | |||
| Variance | 0.596 | |||
| Information Ratio | 0.012 | |||
| Jensen Alpha | 0.0092 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0129 | |||
| Treynor Ratio | 0.0884 | |||
| Maximum Drawdown | 3.66 | |||
| Value At Risk | (1.30) | |||
| Potential Upside | 1.26 | |||
| Downside Variance | 0.5188 | |||
| Semi Variance | 0.3568 | |||
| Expected Short fall | (0.68) | |||
| Skewness | 0.0633 | |||
| Kurtosis | 0.0996 |
Putnam Research One Year Return
Based on the recorded statements, Putnam Research Fund has an One Year Return of 28.5053%. This is 76.94% higher than that of the Putnam family and significantly higher than that of the Large Blend 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 Research April 24, 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.
| Accumulation Distribution | 0.00 | ||
| Daily Balance Of Power | Huge | ||
| Rate Of Daily Change | 1.01 | ||
| Day Median Price | 48.71 | ||
| Day Typical Price | 48.71 | ||
| Price Action Indicator | 0.30 |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Putnam Research Fund. 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 Research information on this page should be used as a complementary analysis to other Putnam Research'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 Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..