Putnam Short Duration Fund Market Value

PSDRX Fund  USD 10.10  0.01  0.1%   
Putnam Short's market value is the price at which a share of Putnam Short trades on a public exchange. It measures the collective expectations of Putnam Short Duration investors about its performance. Putnam Short is trading at 10.10 as of the 22nd 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 Short Duration and determine expected loss or profit from investing in Putnam Short over a given investment horizon. Check out Putnam Short Correlation, Putnam Short Volatility and Putnam Short Alpha and Beta module to complement your research on Putnam Short.
Symbol

Please note, there is a significant difference between Putnam Short's value and its price as these two are different measures arrived at by different means. Investors typically determine if Putnam Short is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Putnam Short'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 Short '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 Short'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 Short.
0.00
01/02/2023
No Change 0.00  0.0 
In 1 year 11 months and 22 days
12/22/2024
0.00
If you would invest  0.00  in Putnam Short on January 2, 2023 and sell it all today you would earn a total of 0.00 from holding Putnam Short Duration or generate 0.0% return on investment in Putnam Short over 720 days. Putnam Short 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 Short 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 Short'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 Short Duration upside and downside potential and time the market with a certain degree of confidence.

Putnam Short Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Putnam Short's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Putnam Short's standard deviation. In reality, there are many statistical measures that can use Putnam Short historical prices to predict the future Putnam Short's volatility.
Hype
Prediction
LowEstimatedHigh
10.0210.1010.18
Details
Intrinsic
Valuation
LowRealHigh
9.219.2911.11
Details
Naive
Forecast
LowNextHigh
10.0210.1010.18
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
10.1010.1110.12
Details

Putnam Short Duration Backtested Returns

At this stage we consider Putnam Mutual Fund to be very steady. Putnam Short Duration maintains Sharpe Ratio (i.e., Efficiency) of 0.0994, which implies the entity had a 0.0994% return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Putnam Short Duration, which you can use to evaluate the volatility of the fund. Please check Putnam Short's Downside Deviation of 0.1059, standard deviation of 0.0765, and Risk Adjusted Performance of (0.02) to confirm if the risk estimate we provide is consistent with the expected return of 0.0077%. The fund holds a Beta of -0.0105, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Putnam Short are expected to decrease at a much lower rate. During the bear market, Putnam Short is likely to outperform the market.

Auto-correlation

    
  0.98  

Excellent predictability

Putnam Short Duration has excellent predictability. Overlapping area represents the amount of predictability between Putnam Short time series from 2nd of January 2023 to 28th of December 2023 and 28th of December 2023 to 22nd 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 Short Duration price movement. The serial correlation of 0.98 indicates that 98.0% of current Putnam Short price fluctuation can be explain by its past prices.
Correlation Coefficient0.98
Spearman Rank Test0.99
Residual Average0.0
Price Variance0.02

Putnam Short Duration lagged returns against current returns

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

Putnam Short Lagged Returns

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

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Other Information on Investing in Putnam Mutual Fund

Putnam Short 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 Short security.
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