Putnam Global Health Fund Probability of Future Mutual Fund Price Finishing Over 63.04
| PGHAX Fund | USD 65.49 0.23 0.35% |
Putnam |
Putnam Global Target Price Odds to finish over 63.04
The tendency of Putnam Mutual Fund price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay above $ 63.04 in 90 days |
| 65.49 | 90 days | 63.04 | close to 99 |
Based on a normal probability distribution, the odds of Putnam Global to stay above $ 63.04 in 90 days from now is close to 99 (This Putnam Global Health probability density function shows the probability of Putnam Mutual Fund to fall within a particular range of prices over 90 days) . Probability of Putnam Global Health price to stay between $ 63.04 and its current price of $65.49 at the end of the 90-day period is about 1.12 .
Assuming the 90 days horizon Putnam Global has a beta of 0.39 indicating as returns on the market go up, Putnam Global average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Putnam Global Health will be expected to be much smaller as well. Additionally Putnam Global Health has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Putnam Global Price Density |
| Price |
Predictive Modules for Putnam Global
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Putnam Global Health. Regardless of method or technology, however, to accurately forecast the mutual fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the mutual fund market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Putnam Global Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Putnam Global is not an exception. The market had few large corrections towards the Putnam Global's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Putnam Global Health, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Putnam Global within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.24 | |
β | Beta against Dow Jones | 0.39 | |
σ | Overall volatility | 2.66 | |
Ir | Information ratio | -0.39 |
Putnam Global Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Putnam Global for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Putnam Global Health can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Putnam Global Health generated a negative expected return over the last 90 days | |
| The fund maintains 96.51% of its assets in stocks |
Putnam Global Technical Analysis
Putnam Global's future price can be derived by breaking down and analyzing its technical indicators over time. Putnam Mutual Fund technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Putnam Global Health. In general, you should focus on analyzing Putnam Mutual Fund price patterns and their correlations with different microeconomic environments and drivers.
Putnam Global Predictive Forecast Models
Putnam Global's time-series forecasting models is one of many Putnam Global's mutual fund analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Putnam Global's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the mutual fund market movement and maximize returns from investment trading.
Things to note about Putnam Global Health
Checking the ongoing alerts about Putnam Global for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Putnam Global Health help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Putnam Global Health generated a negative expected return over the last 90 days | |
| The fund maintains 96.51% of its assets in stocks |
Other Information on Investing in Putnam Mutual Fund
Putnam Global 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 Global security.
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. |