Putnam Ultra Short Fund Market Value

PSDNX Fund  USD 10.10  0.01  0.1%   
Putnam Ultra's market value is the price at which a share of Putnam Ultra trades on a public exchange. It measures the collective expectations of Putnam Ultra Short investors about its performance. Putnam Ultra is trading at 10.10 as of the 25th of December 2024; that is 0.1% down since the beginning of the trading day. The fund's open price was 10.11.
With this module, you can estimate the performance of a buy and hold strategy of Putnam Ultra Short and determine expected loss or profit from investing in Putnam Ultra over a given investment horizon. Check out Putnam Ultra Correlation, Putnam Ultra Volatility and Putnam Ultra Alpha and Beta module to complement your research on Putnam Ultra.
Symbol

Please note, there is a significant difference between Putnam Ultra's value and its price as these two are different measures arrived at by different means. Investors typically determine if Putnam Ultra is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Putnam Ultra's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Putnam Ultra '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 Ultra'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 Ultra.
0.00
10/02/2023
No Change 0.00  0.0 
In 1 year 2 months and 27 days
12/25/2024
0.00
If you would invest  0.00  in Putnam Ultra on October 2, 2023 and sell it all today you would earn a total of 0.00 from holding Putnam Ultra Short or generate 0.0% return on investment in Putnam Ultra over 450 days. Putnam Ultra is related to or competes with Putnam Equity, Putnam Tax, Putnam Floating, Putnam High, Putnam Floating, Putnam Floating, and Putnam Floating. The fund invests in a diversified portfolio of fixed income securities comprised of short duration, investment-grade mon... More

Putnam Ultra 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 Ultra'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 Ultra Short upside and downside potential and time the market with a certain degree of confidence.

Putnam Ultra Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Putnam Ultra's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Putnam Ultra's standard deviation. In reality, there are many statistical measures that can use Putnam Ultra historical prices to predict the future Putnam Ultra's volatility.
Hype
Prediction
LowEstimatedHigh
10.0210.1010.18
Details
Intrinsic
Valuation
LowRealHigh
9.219.2911.11
Details

Putnam Ultra Short Backtested Returns

At this stage we consider Putnam Mutual Fund to be very steady. Putnam Ultra Short maintains Sharpe Ratio (i.e., Efficiency) of 0.0961, which implies the entity had a 0.0961% return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Putnam Ultra Short, which you can use to evaluate the volatility of the fund. Please check Putnam Ultra's Downside Deviation of 0.107, risk adjusted performance of (0.01), and Standard Deviation of 0.0804 to confirm if the risk estimate we provide is consistent with the expected return of 0.0079%. The fund holds a Beta of 0.0036, which implies not very significant fluctuations relative to the market. As returns on the market increase, Putnam Ultra's returns are expected to increase less than the market. However, during the bear market, the loss of holding Putnam Ultra is expected to be smaller as well.

Auto-correlation

    
  0.97  

Excellent predictability

Putnam Ultra Short has excellent predictability. Overlapping area represents the amount of predictability between Putnam Ultra time series from 2nd of October 2023 to 14th of May 2024 and 14th of May 2024 to 25th 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 Ultra Short price movement. The serial correlation of 0.97 indicates that 97.0% of current Putnam Ultra price fluctuation can be explain by its past prices.
Correlation Coefficient0.97
Spearman Rank Test0.98
Residual Average0.0
Price Variance0.01

Putnam Ultra Short lagged returns against current returns

Autocorrelation, which is Putnam Ultra 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 Ultra's mutual fund expected returns. We can calculate the autocorrelation of Putnam Ultra returns to help us make a trade decision. For example, suppose you find that Putnam Ultra 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 Ultra 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 Ultra mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Putnam Ultra 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 Ultra mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Putnam Ultra Lagged Returns

When evaluating Putnam Ultra's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Putnam Ultra mutual fund have on its future price. Putnam Ultra 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 Ultra autocorrelation shows the relationship between Putnam Ultra mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Putnam Ultra Short.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Putnam Mutual Fund

Putnam Ultra 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 Ultra security.
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