Putman Absolute Return Fund Price on September 16, 2024
| PYTRX Fund | USD 8.22 0.02 0.24% |
Below is the normalized historical share price chart for Putman Absolute Return extending back to January 02, 2009. 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 Putman Absolute stands at 8.22, as last reported on the 12th of December 2024, with the highest price reaching 8.22 and the lowest price hitting 8.22 during the day.
If you're considering investing in Putman Mutual Fund, it is important to understand the factors that can impact its price. Putman Absolute Return maintains Sharpe Ratio (i.e., Efficiency) of -0.0991, which implies the entity had a -0.0991% return per unit of risk over the last 3 months. Putman Absolute Return exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Putman Absolute's Variance of 0.0895, risk adjusted performance of (0.08), and Coefficient Of Variation of (1,040) to confirm the risk estimate we provide.
Putman Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Putman |
Sharpe Ratio = -0.0991
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | PYTRX |
Estimated Market Risk
| 0.3 actual daily | 2 98% of assets are more volatile |
Expected Return
| -0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.1 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Putman Absolute 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 Putman Absolute by adding Putman Absolute to a well-diversified portfolio.
Putman Absolute Valuation on September 16, 2024
It is possible to determine the worth of Putman Absolute on a given historical date. On September 16, 2024 Putman was worth 8.4 at the beginning of the trading date compared to the closed value of 8.4. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Putman Absolute mutual fund. Still, in general, we apply an absolute valuation method to find Putman Absolute's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Putman Absolute where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Putman Absolute's related companies.
| Open | High | Low | Close | Volume | |
| 8.38 | 8.38 | 8.38 | 8.38 | 1.00 | |
09/16/2024 | 8.40 | 8.40 | 8.40 | 8.40 | 1.00 |
| 8.39 | 8.39 | 8.39 | 8.39 | 1.00 |
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Putman Absolute Trading Date Momentum on September 16, 2024
| On September 17 2024 Putman Absolute Return was traded for 8.39 at the closing time. The highest daily price throughout the period was 8.39 and the lowest price was 8.39 . There was no trading activity during the period 1.0. Lack of trading volume on 09/17/2024 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 0.12% . The trading delta at closing time to current closing price is 0.71% . |
Putman Absolute Return Fundamentals Correlations and Trends
By evaluating Putman Absolute's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Putman Absolute's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Putman financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Putman Absolute Mutual Fund history
Putman Absolute 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 Putman is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Putman Absolute Return 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 Putman Absolute stock prices may prove useful in developing a viable investing in Putman Absolute
The fund invests mainly in a diversified portfolio of investment-grade fixed-income securities. It invests mainly in bonds of governments and private companies that are investment-grade in quality with intermediate- to long-term maturities . The fund may invest in below-investment-grade investments. However, the fund will not invest in securities that are rated lower than B or its equivalent by each rating agency rating the investment, or are unrated securities that Putnam Management believes are of comparable quality.
Putman Absolute Mutual Fund Technical Analysis
Putman Absolute 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
Putman Absolute Period Price Range
Low | December 12, 2024
| High |
0.00 | 0.00 |
Putman Absolute Return cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Putman Absolute December 12, 2024 Market Strength
Market strength indicators help investors to evaluate how Putman Absolute 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 Putman Absolute shares will generate the highest return on investment. By undertsting and applying Putman Absolute mutual fund market strength indicators, traders can identify Putman Absolute Return entry and exit signals to maximize returns
Putman Absolute Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Putman Absolute's price direction in advance. Along with the technical and fundamental analysis of Putman Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Putman 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 | (0.08) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | 14.36 |
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| Volume Indicators |
Other Information on Investing in Putman Mutual Fund
Putman Absolute financial ratios help investors to determine whether Putman 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 Putman with respect to the benefits of owning Putman Absolute security.
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