Putnam Biorevolution Etf Market Value
| SYNB Etf | USD 31.04 0.12 0.39% |
| Symbol | Putnam |
The market value of Putnam Biorevolution ETF is measured differently than its book value, which is the value of Putnam that is recorded on the company's balance sheet. Investors also form their own opinion of Putnam Biorevolution's value that differs from its market value or its book value, called intrinsic value, which is Putnam Biorevolution's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Putnam Biorevolution's market value can be influenced by many factors that don't directly affect Putnam Biorevolution's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Putnam Biorevolution's value and its price as these two are different measures arrived at by different means. Investors typically determine if Putnam Biorevolution is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Putnam Biorevolution'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 Biorevolution '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 Biorevolution's etf 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 Biorevolution.
| 08/30/2024 |
| 11/28/2024 |
If you would invest 0.00 in Putnam Biorevolution on August 30, 2024 and sell it all today you would earn a total of 0.00 from holding Putnam Biorevolution ETF or generate 0.0% return on investment in Putnam Biorevolution over 90 days. Putnam Biorevolution is related to or competes with Health Care, Vanguard Health, IShares Biotechnology, SPDR SP, IShares Global, IShares Healthcare, and Fidelity MSCI. The fund invests mainly in common stocks of companies worldwide of any size with a focus on biology revolution companies More
Putnam Biorevolution 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 Biorevolution's etf 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 Biorevolution ETF upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 4.29 | |||
| Value At Risk | (1.19) | |||
| Potential Upside | 0.983 |
Putnam Biorevolution Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Putnam Biorevolution's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Putnam Biorevolution's standard deviation. In reality, there are many statistical measures that can use Putnam Biorevolution historical prices to predict the future Putnam Biorevolution's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | (0.17) |
Putnam Biorevolution ETF Backtested Returns
Putnam Biorevolution ETF maintains Sharpe Ratio (i.e., Efficiency) of -0.11, which implies the entity had a -0.11% return per unit of risk over the last 3 months. Putnam Biorevolution ETF exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Putnam Biorevolution's Coefficient Of Variation of (987.05), risk adjusted performance of (0.08), and Variance of 0.6757 to confirm the risk estimate we provide. The etf holds a Beta of 0.55, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Putnam Biorevolution's returns are expected to increase less than the market. However, during the bear market, the loss of holding Putnam Biorevolution is expected to be smaller as well.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Putnam Biorevolution ETF has insignificant reverse predictability. Overlapping area represents the amount of predictability between Putnam Biorevolution time series from 30th of August 2024 to 14th of October 2024 and 14th of October 2024 to 28th of November 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 Biorevolution ETF price movement. The serial correlation of -0.19 indicates that over 19.0% of current Putnam Biorevolution price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.75 |
Putnam Biorevolution ETF lagged returns against current returns
Autocorrelation, which is Putnam Biorevolution etf'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 Biorevolution's etf expected returns. We can calculate the autocorrelation of Putnam Biorevolution returns to help us make a trade decision. For example, suppose you find that Putnam Biorevolution has exhibited high autocorrelation historically, and you observe that the etf 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 Biorevolution 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 Biorevolution etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Putnam Biorevolution etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Putnam Biorevolution etf over time.
Current vs Lagged Prices |
| Timeline |
Putnam Biorevolution Lagged Returns
When evaluating Putnam Biorevolution's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Putnam Biorevolution etf have on its future price. Putnam Biorevolution 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 Biorevolution autocorrelation shows the relationship between Putnam Biorevolution etf current value and its past values and can show if there is a momentum factor associated with investing in Putnam Biorevolution ETF.
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.When determining whether Putnam Biorevolution ETF offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Putnam Biorevolution's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Putnam Biorevolution Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Putnam Biorevolution Etf:Check out Putnam Biorevolution Correlation, Putnam Biorevolution Volatility and Putnam Biorevolution Alpha and Beta module to complement your research on Putnam Biorevolution. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Putnam Biorevolution technical etf 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, etf market cycles, or different charting patterns.