Putnman Retirement Ready Fund Market Value
| PRRTX Fund | USD 26.21 0.11 0.42% |
| Symbol | Putnman |
Putnman 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 Putnman 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 Putnman Retirement.
| 11/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in Putnman Retirement on November 19, 2023 and sell it all today you would earn a total of 0.00 from holding Putnman Retirement Ready or generate 0.0% return on investment in Putnman Retirement over 390 days. Putnman Retirement is related to or competes with Aig Government, Dunham Porategovernment, Inverse Government, Wesmark Government, and Us Government. The funds asset allocation strategy may be attractive to investors who plan to retire or otherwise intend to begin makin... More
Putnman 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 Putnman 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 Putnman Retirement Ready upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3453 | |||
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 1.39 | |||
| Value At Risk | (0.54) | |||
| Potential Upside | 0.6536 |
Putnman Retirement Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Putnman Retirement's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Putnman Retirement's standard deviation. In reality, there are many statistical measures that can use Putnman Retirement historical prices to predict the future Putnman Retirement's volatility.| Risk Adjusted Performance | 0.063 | |||
| Jensen Alpha | 0.0152 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.22) | |||
| Treynor Ratio | 0.2701 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Putnman 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.
Putnman Retirement Ready Backtested Returns
At this stage we consider Putnman Mutual Fund to be very steady. Putnman Retirement Ready maintains Sharpe Ratio (i.e., Efficiency) of 0.0473, which implies the entity had a 0.0473% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Putnman Retirement Ready, which you can use to evaluate the volatility of the fund. Please check Putnman Retirement's Risk Adjusted Performance of 0.063, coefficient of variation of 970.35, and Semi Deviation of 0.2404 to confirm if the risk estimate we provide is consistent with the expected return of 0.0157%. The fund holds a Beta of 0.09, which implies not very significant fluctuations relative to the market. As returns on the market increase, Putnman Retirement's returns are expected to increase less than the market. However, during the bear market, the loss of holding Putnman Retirement is expected to be smaller as well.
Auto-correlation | 0.89 |
Very good predictability
Putnman Retirement Ready has very good predictability. Overlapping area represents the amount of predictability between Putnman Retirement time series from 19th of November 2023 to 1st of June 2024 and 1st of June 2024 to 13th 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 Putnman Retirement Ready price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current Putnman Retirement price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.89 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
Putnman Retirement Ready lagged returns against current returns
Autocorrelation, which is Putnman 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 Putnman Retirement's mutual fund expected returns. We can calculate the autocorrelation of Putnman Retirement returns to help us make a trade decision. For example, suppose you find that Putnman 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 |
Putnman 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 Putnman Retirement mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Putnman 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 Putnman Retirement mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Putnman Retirement Lagged Returns
When evaluating Putnman Retirement's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Putnman Retirement mutual fund have on its future price. Putnman 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, Putnman Retirement autocorrelation shows the relationship between Putnman Retirement mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Putnman Retirement Ready.
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 Putnman Mutual Fund
Putnman Retirement financial ratios help investors to determine whether Putnman 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 Putnman with respect to the benefits of owning Putnman Retirement security.
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