Putman Absolute Return Fund Momentum Indicators Commodity Channel Index
| PYTRX Fund | USD 8.22 0.02 0.24% |
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The output start index for this execution was thirteen with a total number of output elements of fourty-eight. The Commodity Channel Index (CCI) is designed to detect Putman Absolute beginning and ending market trends using 100 to -100 scale. CCI values outside of this range indicate overbought or oversold conditions. If the price of Putman Absolute Return is making new highs, and the CCI is not, then a price correction is likely to happen soon.
Putman Absolute Technical Analysis Modules
Most technical analysis of Putman Absolute help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Putman from various momentum indicators to cycle indicators. When you analyze Putman charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
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| Volume Indicators |
About Putman Absolute Predictive Technical Analysis
Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Putman Absolute Return. We use our internally-developed statistical techniques to arrive at the intrinsic value of Putman Absolute Return based on widely used predictive technical indicators. In general, we focus on analyzing Putman Mutual Fund price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Putman Absolute's daily price indicators and compare them against related drivers, such as momentum indicators and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Putman Absolute's intrinsic value. In addition to deriving basic predictive indicators for Putman Absolute, we also check how macroeconomic factors affect Putman Absolute price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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Putman Absolute Return pair trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Putman Absolute position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Putman Absolute will appreciate offsetting losses from the drop in the long position's value.Putman Absolute Pair Trading
Putman Absolute Return Pair Trading Analysis
The ability to find closely correlated positions to Putman Absolute could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Putman Absolute when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Putman Absolute - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Putman Absolute Return to buy it.
The correlation of Putman Absolute is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Putman Absolute moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Putman Absolute Return moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Putman Absolute can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Putman Mutual Fund
Putman Absolute financial ratios help investors to determine whether Putman 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 Putman with respect to the benefits of owning Putman Absolute security.
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