Putnam Retirement Income Fund Market Value
| PREWX Fund | USD 16.55 0.01 0.06% |
| Symbol | Putnam |
Putnam Retirement '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 Retirement'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 Retirement.
| 01/04/2023 |
| 12/24/2024 |
If you would invest 0.00 in Putnam Retirement on January 4, 2023 and sell it all today you would earn a total of 0.00 from holding Putnam Retirement Income or generate 0.0% return on investment in Putnam Retirement over 720 days. Putnam Retirement is related to or competes with Putnam Equity, Putnam Tax, Putnam Floating, Putnam High, Putnam Floating, Putnam Floating, and Putnam Floating. The fund employs an asset allocation strategy designed for investors who are already in retirement or who plan to retire... More
Putnam Retirement 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 Retirement'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 Retirement Income upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 1.98 | |||
| Value At Risk | (0.48) | |||
| Potential Upside | 0.4759 |
Putnam Retirement Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Putnam Retirement's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Putnam Retirement's standard deviation. In reality, there are many statistical measures that can use Putnam Retirement historical prices to predict the future Putnam Retirement's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | (0.51) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Putnam Retirement'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 Retirement Income Backtested Returns
Putnam Retirement Income maintains Sharpe Ratio (i.e., Efficiency) of -0.0925, which implies the entity had a -0.0925% return per unit of risk over the last 3 months. Putnam Retirement Income exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Putnam Retirement's Variance of 0.1007, coefficient of variation of (1,018), and Risk Adjusted Performance of (0.09) to confirm the risk estimate we provide. The fund holds a Beta of 0.0813, which implies not very significant fluctuations relative to the market. As returns on the market increase, Putnam Retirement's returns are expected to increase less than the market. However, during the bear market, the loss of holding Putnam Retirement is expected to be smaller as well.
Auto-correlation | 0.39 |
Below average predictability
Putnam Retirement Income has below average predictability. Overlapping area represents the amount of predictability between Putnam Retirement time series from 4th of January 2023 to 30th of December 2023 and 30th of December 2023 to 24th of December 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 Retirement Income price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Putnam Retirement price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.24 |
Putnam Retirement Income lagged returns against current returns
Autocorrelation, which is Putnam Retirement 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 Retirement's mutual fund expected returns. We can calculate the autocorrelation of Putnam Retirement returns to help us make a trade decision. For example, suppose you find that Putnam Retirement 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 Retirement 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 Retirement mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Putnam Retirement 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 Retirement mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Putnam Retirement Lagged Returns
When evaluating Putnam Retirement's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Putnam Retirement mutual fund have on its future price. Putnam Retirement 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 Retirement autocorrelation shows the relationship between Putnam Retirement mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Putnam Retirement Income.
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 Retirement 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 Retirement security.
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