Franklin New York Fund Market Value
| FKNIX Fund | USD 10.86 0.01 0.09% |
| Symbol | Franklin |
Franklin New '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 New's mutual fund 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 New.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in Franklin New on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding Franklin New York or generate 0.0% return on investment in Franklin New over 90 days. Franklin New is related to or competes with Us Government, Davis Government, Virtus Seix, Aig Government, Lord Abbett, and Ridgeworth Seix. Under normal market conditions, the fund invests at least 80 percent of its total assets in securities whose interest is... More
Franklin New 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 New's mutual fund 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 New York upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3056 | |||
| Information Ratio | (0.59) | |||
| Maximum Drawdown | 1.03 | |||
| Value At Risk | (0.28) | |||
| Potential Upside | 0.2809 |
Franklin New Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Franklin New's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Franklin New's standard deviation. In reality, there are many statistical measures that can use Franklin New historical prices to predict the future Franklin New's volatility.| Risk Adjusted Performance | 8.0E-4 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.38) | |||
| Treynor Ratio | (0.05) |
Franklin New York Backtested Returns
At this stage we consider Franklin Mutual Fund to be very steady. Franklin New York secures Sharpe Ratio (or Efficiency) of 0.0382, which denotes the fund had a 0.0382% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Franklin New York, which you can use to evaluate the volatility of the entity. Please confirm Franklin New's Downside Deviation of 0.3056, semi deviation of 0.168, and Mean Deviation of 0.1215 to check if the risk estimate we provide is consistent with the expected return of 0.0075%. The fund shows a Beta (market volatility) of 0.0481, which means not very significant fluctuations relative to the market. As returns on the market increase, Franklin New's returns are expected to increase less than the market. However, during the bear market, the loss of holding Franklin New is expected to be smaller as well.
Auto-correlation | -0.74 |
Almost perfect reverse predictability
Franklin New York has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Franklin New time series from 12th of September 2024 to 27th of October 2024 and 27th of October 2024 to 11th of December 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 New York price movement. The serial correlation of -0.74 indicates that around 74.0% of current Franklin New price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.74 | |
| Spearman Rank Test | -0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Franklin New York lagged returns against current returns
Autocorrelation, which is Franklin New mutual fund'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 New's mutual fund expected returns. We can calculate the autocorrelation of Franklin New returns to help us make a trade decision. For example, suppose you find that Franklin New has exhibited high autocorrelation historically, and you observe that the mutual fund 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 New 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 New mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Franklin New mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Franklin New mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Franklin New Lagged Returns
When evaluating Franklin New's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Franklin New mutual fund have on its future price. Franklin New 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 New autocorrelation shows the relationship between Franklin New mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Franklin New York.
Regressed Prices |
| Timeline |
Also Currently Popular
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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