Franklin Resources Stock Market Value
| BEN Stock | USD 22.68 0.47 2.12% |
| Symbol | Franklin |
Franklin Resources Price To Book Ratio
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Franklin Resources. If investors know Franklin will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Franklin Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.27) | Dividend Share 1.24 | Earnings Share 0.85 | Revenue Per Share 16.64 | Quarterly Revenue Growth 0.113 |
The market value of Franklin Resources is measured differently than its book value, which is the value of Franklin that is recorded on the company's balance sheet. Investors also form their own opinion of Franklin Resources' value that differs from its market value or its book value, called intrinsic value, which is Franklin Resources' 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 Franklin Resources' market value can be influenced by many factors that don't directly affect Franklin Resources' 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 Franklin Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Franklin Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Franklin Resources' 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.
Franklin Resources '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 Franklin Resources' stock 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 Franklin Resources.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Franklin Resources on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Franklin Resources or generate 0.0% return on investment in Franklin Resources over 30 days. Franklin Resources is related to or competes with BlackRock, Main Street, Blackstone, Ares Capital, Janus Henderson, State Street, and Northern Trust. Franklin Resources, Inc. is a publicly owned asset management holding company More
Franklin Resources 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 Franklin Resources' stock 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 Franklin Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.66 | |||
| Information Ratio | 0.0472 | |||
| Maximum Drawdown | 6.27 | |||
| Value At Risk | (2.18) | |||
| Potential Upside | 2.77 |
Franklin Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Franklin Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Franklin Resources' standard deviation. In reality, there are many statistical measures that can use Franklin Resources historical prices to predict the future Franklin Resources' volatility.| Risk Adjusted Performance | 0.102 | |||
| Jensen Alpha | 0.0529 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0449 | |||
| Treynor Ratio | 0.1599 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Franklin Resources' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Franklin Resources Backtested Returns
Franklin Resources appears to be very steady, given 3 months investment horizon. Franklin Resources secures Sharpe Ratio (or Efficiency) of 0.14, which denotes the company had a 0.14% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Franklin Resources, which you can use to evaluate the volatility of the firm. Please utilize Franklin Resources' Semi Deviation of 1.47, downside deviation of 1.66, and Mean Deviation of 1.25 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Franklin Resources holds a performance score of 11. The firm shows a Beta (market volatility) of 1.19, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Franklin Resources will likely underperform. Please check Franklin Resources' value at risk, daily balance of power, and the relationship between the total risk alpha and expected short fall , to make a quick decision on whether Franklin Resources' price patterns will revert.
Auto-correlation | 0.62 |
Good predictability
Franklin Resources has good predictability. Overlapping area represents the amount of predictability between Franklin Resources time series from 29th of October 2024 to 13th of November 2024 and 13th of November 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 Franklin Resources price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Franklin Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
Franklin Resources lagged returns against current returns
Autocorrelation, which is Franklin Resources stock'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 Franklin Resources' stock expected returns. We can calculate the autocorrelation of Franklin Resources returns to help us make a trade decision. For example, suppose you find that Franklin Resources has exhibited high autocorrelation historically, and you observe that the stock 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 |
Franklin Resources 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 Franklin Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Franklin Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Franklin Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Franklin Resources Lagged Returns
When evaluating Franklin Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Franklin Resources stock have on its future price. Franklin Resources 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, Franklin Resources autocorrelation shows the relationship between Franklin Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Franklin Resources.
Regressed Prices |
| Timeline |
Pair Trading with Franklin Resources
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 Franklin Resources 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 Franklin Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with Franklin Stock
| 0.9 | BN | Brookfield Corp | PairCorr |
| 0.93 | BX | Blackstone Group Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.83 | CG | Carlyle Group | PairCorr |
| 0.89 | APO | Apollo Global Management | PairCorr |
| 0.9 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
The ability to find closely correlated positions to Franklin Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Franklin Resources 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 Franklin Resources - 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 Franklin Resources to buy it.
The correlation of Franklin Resources 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 Franklin Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Franklin Resources 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 Franklin Resources 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.Check out Franklin Resources Correlation, Franklin Resources Volatility and Franklin Resources Alpha and Beta module to complement your research on Franklin Resources. To learn how to invest in Franklin Stock, please use our How to Invest in Franklin Resources guide.You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Franklin Resources technical stock 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, stock market cycles, or different charting patterns.