Franklin New York Fund Fundamentals
| FKNIX Fund | USD 10.86 0.01 0.09% |
Franklin New York fundamentals help investors to digest information that contributes to Franklin New's financial success or failures. It also enables traders to predict the movement of Franklin Mutual Fund. The fundamental analysis module provides a way to measure Franklin New's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Franklin New mutual fund.
Franklin |
Franklin New York Mutual Fund One Year Return Analysis
Franklin New's One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
More About One Year Return | All Equity Analysis
One Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Current Franklin New One Year Return | 3.87 % |
Most of Franklin New's fundamental indicators, such as One Year Return, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Franklin New York is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
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Based on the recorded statements, Franklin New York has an One Year Return of 3.8651%. This is 28.69% lower than that of the Franklin Templeton Investments family and significantly higher than that of the Muni New York Intermediate category. The one year return for all United States funds is notably lower than that of the firm.
Franklin New York Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Franklin New's current stock value. Our valuation model uses many indicators to compare Franklin New value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Franklin New competition to find correlations between indicators driving Franklin New's intrinsic value. More Info.Franklin New York is rated # 3 fund in annual yield among similar funds. It is rated # 5 fund in year to date return among similar funds creating about 541.32 of Year To Date Return per Annual Yield. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Franklin New's earnings, one of the primary drivers of an investment's value.Franklin One Year Return Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Franklin New's direct or indirect competition against its One Year Return to detect undervalued stocks with similar characteristics or determine the mutual funds which would be a good addition to a portfolio. Peer analysis of Franklin New could also be used in its relative valuation, which is a method of valuing Franklin New by comparing valuation metrics of similar companies.Franklin New is rated below average in one year return among similar funds.
Fund Asset Allocation for Franklin New
The fund invests most of its asset in various types of exotic instruments. .Asset allocation divides Franklin New's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
Franklin Fundamentals
| Total Asset | 218.57 M | |||
| Annual Yield | 0 % | |||
| Year To Date Return | 2.38 % | |||
| One Year Return | 3.87 % | |||
| Three Year Return | (0.15) % | |||
| Five Year Return | 0.83 % | |||
| Ten Year Return | 3.15 % | |||
| Net Asset | 608.06 M | |||
| Last Dividend Paid | 0.02 | |||
| Cash Position Weight | 0.64 % | |||
| Bond Positions Weight | 0.25 % |
About Franklin New Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Franklin New York's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Franklin New using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Franklin New York based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.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.
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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.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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