Franklin New York Fund Manager Performance Evaluation
| FKNRX Fund | USD 10.86 0.03 0.28% |
The fund shows a Beta (market volatility) of -0.0668, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Franklin New are expected to decrease at a much lower rate. During the bear market, Franklin New is likely to outperform the market.
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Weak
Over the last 90 days Franklin New York has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong basic indicators, Franklin New is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
...more1 | Franklin New York Intermediate-Term Tax-Free Income Fund Q3 2024 Commentary - Seeking Alpha | 11/22/2024 |
| Expense Ratio | 0.5600 |
Franklin |
Franklin New Relative Risk vs. Return Landscape
If you would invest 1,087 in Franklin New York on September 14, 2024 and sell it today you would lose (1.00) from holding Franklin New York or give up 0.09% of portfolio value over 90 days. Franklin New York is currently producing negative expected returns and takes up 0.1929% volatility of returns over 90 trading days. Put another way, 1% of traded mutual funds are less volatile than Franklin, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Franklin New Current Valuation
Overvalued
Today
Please note that Franklin New's price fluctuation is very steady at this time. At this time, the entity appears to be overvalued. Franklin New York shows a prevailing Real Value of $10.49 per share. The current price of the fund is $10.86. We determine the value of Franklin New York from reviewing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we advise acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will submerge.
Since Franklin New is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Franklin Mutual Fund. However, Franklin New's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 10.86 | Real 10.49 | Hype 10.89 |
The intrinsic value of Franklin New's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Franklin New's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Franklin New York helps investors to forecast how Franklin mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Franklin New more accurately as focusing exclusively on Franklin New's fundamentals will not take into account other important factors: Franklin New Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Franklin New's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Franklin New York, and traders can use it to determine the average amount a Franklin New's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0066
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | FKNRX |
Estimated Market Risk
| 0.19 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.0 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Franklin New is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Franklin New by adding Franklin New to a well-diversified portfolio.
Franklin New Fundamentals Growth
Franklin Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Franklin New, and Franklin New fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Franklin Mutual Fund performance.
| Total Asset | 783.4 M | ||||
About Franklin New Performance
Evaluating Franklin New's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Franklin New has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Franklin New has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
Under normal market conditions, the fund invests at least 80 percent of its total assets in securities whose interest is free from federal income taxes, including the federal alternative minimum tax, and from New York State personal income taxes. Although the fund tries to invest all of its assets in tax-free securities, it is possible that up to 20 percent of the funds total assets may be invested in securities that pay interest subject to federal or state income taxes.Things to note about Franklin New York performance evaluation
Checking the ongoing alerts about Franklin New for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Franklin New York help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Franklin New York generated a negative expected return over the last 90 days | |
| Latest headline from news.google.com: Franklin New York Intermediate-Term Tax-Free Income Fund Q3 2024 Commentary - Seeking Alpha | |
| The fund generated three year return of 0.0% | |
| Franklin New York retains most of the assets under management (AUM) in different types of exotic instruments. |
- Analyzing Franklin New's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Franklin New's stock is overvalued or undervalued compared to its peers.
- Examining Franklin New's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Franklin New's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Franklin New's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Franklin New's mutual fund. These opinions can provide insight into Franklin New's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Franklin Mutual Fund
Franklin New financial ratios help investors to determine whether Franklin 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 Franklin with respect to the benefits of owning Franklin New security.
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