Putnam Vertible Securities Fund Market Value
| PCGYX Fund | USD 27.53 0.05 0.18% |
| Symbol | Putnam |
Putnam Convertible '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 Convertible'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 Convertible.
| 04/21/2025 |
| 07/20/2025 |
If you would invest 0.00 in Putnam Convertible on April 21, 2025 and sell it all today you would earn a total of 0.00 from holding Putnam Vertible Securities or generate 0.0% return on investment in Putnam Convertible over 90 days. Putnam Convertible is related to or competes with Multi-asset Growth, Delaware Emerging, Rbc Emerging, Franklin Emerging, Fidelity Series, Aqr Tm, and Sa Emerging. The fund invests mainly in convertible securities of U.S More
Putnam Convertible 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 Convertible'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 Vertible Securities upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4909 | |||
| Information Ratio | 0.1118 | |||
| Maximum Drawdown | 3.17 | |||
| Value At Risk | (0.56) | |||
| Potential Upside | 1.06 |
Putnam Convertible Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Putnam Convertible's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Putnam Convertible's standard deviation. In reality, there are many statistical measures that can use Putnam Convertible historical prices to predict the future Putnam Convertible's volatility.| Risk Adjusted Performance | 0.3304 | |||
| Jensen Alpha | 0.1296 | |||
| Total Risk Alpha | 0.1148 | |||
| Sortino Ratio | 0.1288 | |||
| Treynor Ratio | 0.3942 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Putnam Convertible'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 Vertible Secu Backtested Returns
Putnam Convertible appears to be very steady, given 3 months investment horizon. Putnam Vertible Secu maintains Sharpe Ratio (i.e., Efficiency) of 0.42, which implies the entity had a 0.42 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Putnam Vertible Secu, which you can use to evaluate the volatility of the fund. Please evaluate Putnam Convertible's Downside Deviation of 0.4909, risk adjusted performance of 0.3304, and Standard Deviation of 0.5655 to confirm if our risk estimates are consistent with your expectations. The fund holds a Beta of 0.49, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Putnam Convertible's returns are expected to increase less than the market. However, during the bear market, the loss of holding Putnam Convertible is expected to be smaller as well.
Auto-correlation | 0.77 |
Good predictability
Putnam Vertible Securities has good predictability. Overlapping area represents the amount of predictability between Putnam Convertible time series from 21st of April 2025 to 5th of June 2025 and 5th of June 2025 to 20th of July 2025. 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 Vertible Secu price movement. The serial correlation of 0.77 indicates that around 77.0% of current Putnam Convertible price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
Putnam Vertible Secu lagged returns against current returns
Autocorrelation, which is Putnam Convertible 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 Convertible's mutual fund expected returns. We can calculate the autocorrelation of Putnam Convertible returns to help us make a trade decision. For example, suppose you find that Putnam Convertible 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 Convertible 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 Convertible mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Putnam Convertible 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 Convertible mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Putnam Convertible Lagged Returns
When evaluating Putnam Convertible's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Putnam Convertible mutual fund have on its future price. Putnam Convertible 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 Convertible autocorrelation shows the relationship between Putnam Convertible mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Putnam Vertible Securities.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Putnam Mutual Fund
Putnam Convertible financial ratios help investors to determine whether Putnam Mutual 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 Convertible security.
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