Putnam Master Intermediate Etf Market Value
| PIM Etf | USD 3.23 0.02 0.62% |
| Symbol | Putnam |
The market value of Putnam Master Interm 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 Master's value that differs from its market value or its book value, called intrinsic value, which is Putnam Master'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 Master's market value can be influenced by many factors that don't directly affect Putnam Master'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 Master's value and its price as these two are different measures arrived at by different means. Investors typically determine if Putnam Master is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Putnam Master'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.
Putnam Master '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 Master's etf 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 Master.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Putnam Master on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Putnam Master Intermediate or generate 0.0% return on investment in Putnam Master over 30 days. Putnam Master is related to or competes with MFS High, MFS Investment, Eaton Vance, Invesco High, MFS High, MFS Municipal, and DTF Tax. Putnam Master Intermediate Income Trust is a closed ended fixed income mutual fund launched and managed by Putnam Invest... More
Putnam Master 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 Master's etf 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 Master Intermediate upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 3.27 | |||
| Value At Risk | (0.91) | |||
| Potential Upside | 0.9174 |
Putnam Master Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Putnam Master's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Putnam Master's standard deviation. In reality, there are many statistical measures that can use Putnam Master historical prices to predict the future Putnam Master's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | (0.11) |
Putnam Master Interm Backtested Returns
Putnam Master Interm maintains Sharpe Ratio (i.e., Efficiency) of -0.0209, which implies the entity had a -0.0209% return per unit of risk over the last 3 months. Putnam Master Interm exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Putnam Master's Risk Adjusted Performance of (0.01), coefficient of variation of (7,787), and Variance of 0.352 to confirm the risk estimate we provide. The etf holds a Beta of 0.16, which implies not very significant fluctuations relative to the market. As returns on the market increase, Putnam Master's returns are expected to increase less than the market. However, during the bear market, the loss of holding Putnam Master is expected to be smaller as well.
Auto-correlation | 0.25 |
Poor predictability
Putnam Master Intermediate has poor predictability. Overlapping area represents the amount of predictability between Putnam Master time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th of November 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 Master Interm price movement. The serial correlation of 0.25 indicates that over 25.0% of current Putnam Master price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Putnam Master Interm lagged returns against current returns
Autocorrelation, which is Putnam Master etf'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 Master's etf expected returns. We can calculate the autocorrelation of Putnam Master returns to help us make a trade decision. For example, suppose you find that Putnam Master has exhibited high autocorrelation historically, and you observe that the etf 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 Master 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 Master etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Putnam Master etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Putnam Master etf over time.
Current vs Lagged Prices |
| Timeline |
Putnam Master Lagged Returns
When evaluating Putnam Master's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Putnam Master etf have on its future price. Putnam Master 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 Master autocorrelation shows the relationship between Putnam Master etf current value and its past values and can show if there is a momentum factor associated with investing in Putnam Master Intermediate.
Regressed Prices |
| Timeline |
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Putnam Master financial ratios help investors to determine whether Putnam Etf 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 Master security.