Putnam Global Health Fund Price on December 1, 2583
| PGHAX Fund | USD 65.49 0.23 0.35% |
Below is the normalized historical share price chart for Putnam Global Health extending back to June 01, 2020. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Putnam Global stands at 65.49, as last reported on the 23rd of December, with the highest price reaching 65.49 and the lowest price hitting 65.49 during the day.
If you're considering investing in Putnam Mutual Fund, it is important to understand the factors that can impact its price. Putnam Global Health maintains Sharpe Ratio (i.e., Efficiency) of -0.31, which implies the entity had a -0.31% return per unit of risk over the last 3 months. Putnam Global Health exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Putnam Global's Coefficient Of Variation of (295.19), risk adjusted performance of (0.27), and Variance of 0.43 to confirm the risk estimate we provide.
Putnam Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Putnam |
Sharpe Ratio = -0.3078
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| Negative Returns | PGHAX |
Estimated Market Risk
| 0.66 actual daily | 5 95% of assets are more volatile |
Expected Return
| -0.2 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.31 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Putnam Global is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Putnam Global by adding Putnam Global to a well-diversified portfolio.
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.
About Putnam Global Mutual Fund history
Putnam Global investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Putnam is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Putnam Global Health will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Putnam Global stock prices may prove useful in developing a viable investing in Putnam Global
The fund invests mainly in common stocks of large and midsize companies worldwide that the manager believes have favorable investment potential. Under normal circumstances, it invests at least 80 percent of its net assets in securities of companies in the health care industries. The fund is non-diversified.
Putnam Global Mutual Fund Technical Analysis
Putnam Global 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.
Price Boundaries
Putnam Global Period Price Range
Low | December 23, 2024
| High |
0.00 | 0.00 |
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Putnam Global December 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Putnam Global mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Putnam Global shares will generate the highest return on investment. By undertsting and applying Putnam Global mutual fund market strength indicators, traders can identify Putnam Global Health entry and exit signals to maximize returns
Putnam Global Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Putnam Global's price direction in advance. Along with the technical and fundamental analysis of Putnam Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Putnam to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.27) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | (0.60) |
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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.
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets |