Putnam Mutual Fund Quote

PCGYX
 Fund
  

USD 20.79  0.07  0.34%   

Market Performance
0 of 100
Odds Of Distress
Less than 1
Putnam Convertible is trading at 20.79 as of the 29th of September 2022; that is -0.34 percent decrease since the beginning of the trading day. The fund's open price was 20.86. Putnam Convertible has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Putnam Convertible Securities are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of October 2020 and ending today, the 29th of September 2022. Click here to learn more.
The fund invests mainly in convertible securities of U.S. companies. Putnam Convertible is traded on NASDAQ Exchange in the United States. More on Putnam Convertible Securities

Moving together with Putnam Convertible

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Putnam Convertible Mutual Fund Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Putnam Convertible's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Putnam Convertible or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Putnam Convertible generated a negative expected return over the last 90 days
Putnam Convertible is unlikely to experience financial distress in the next 2 years
On 12th of September 2022 Putnam Convertible paid $ 0.058 per share dividend to its current shareholders
The fund maintains about 5.56% of its assets in cash
Thematic IdeaConvertibles (view all)
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Putnam Convertible's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Cautious HoldFairly Valued
Startdate30th of June 2017
Putnam Convertible Securities [PCGYX] is traded in USA and was established 29th of September 2022. The fund is listed under Convertibles category and is part of Putnam family. The entity is thematically classified as Convertibles. Putnam Convertible at this time has accumulated 787.9 M in assets with no minimum investment requirements, while the total return for the last 3 years was 11.15%.
Check Putnam Convertible Probability Of Bankruptcy

Instrument Allocation

Sector Allocation (%)

Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Putnam Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Putnam Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Putnam Convertible Securities Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.

Top Putnam Convertible Securities Constituents

Putnam Convertible Target Price Odds Analysis

Based on a normal probability distribution, the odds of Putnam Convertible jumping above the current price in 90 days from now is roughly 96.0%. The Putnam Convertible Securities probability density function shows the probability of Putnam Convertible mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Putnam Convertible has a beta of 0.0438 indicating as returns on the market go up, Putnam Convertible average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Putnam Convertible Securities will be expected to be much smaller as well. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Putnam Convertible is significantly underperforming DOW.
  Odds Below 20.79HorizonTargetOdds Above 20.79
3.83%90 days
 20.79 
96.09%
Based on a normal probability distribution, the odds of Putnam Convertible to move above the current price in 90 days from now is roughly 96.0 (This Putnam Convertible Securities probability density function shows the probability of Putnam Mutual Fund to fall within a particular range of prices over 90 days) .

Putnam Convertible Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Putnam Convertible market risk premium is the additional return an investor will receive from holding Putnam Convertible long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Putnam Convertible. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Putnam Convertible's alpha and beta are two of the key measurements used to evaluate Putnam Convertible's performance over the market, the standard measures of volatility play an important role as well.

Putnam Convertible Against Markets

Picking the right benchmark for Putnam Convertible mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Putnam Convertible mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Putnam Convertible is critical whether you are bullish or bearish towards Putnam Convertible Securities at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Putnam Convertible without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Invested in Putnam Convertible Securities?

The danger of trading Putnam Convertible Securities is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Putnam Convertible is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Putnam Convertible. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Putnam Convertible is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please check Your Equity Center. You can also try Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.

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When running Putnam Convertible price analysis, check to measure Putnam Convertible's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Putnam Convertible is operating at the current time. Most of Putnam Convertible's value examination focuses on studying past and present price action to predict the probability of Putnam Convertible's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Putnam Convertible's price. Additionally, you may evaluate how the addition of Putnam Convertible to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Putnam Convertible's value and its price as these two are different measures arrived at by different means. Investors typically determine Putnam Convertible value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Putnam Convertible'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.