Franklin Bissett Corporate Etf Market Value
| FLCI Etf | CAD 18.08 0.10 0.56% |
| Symbol | Franklin |
Franklin Bissett '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 Bissett's etf 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 Bissett.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Franklin Bissett on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Franklin Bissett Corporate or generate 0.0% return on investment in Franklin Bissett over 30 days. Franklin Bissett is related to or competes with Franklin Global, Franklin Large, Franklin Global, and First Trust. Franklin Liberty Canadian Investment Grade Corporate ETF seeks to provide long-term capital growth and current income by... More
Franklin Bissett 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 Bissett's etf 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 Bissett Corporate upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2743 | |||
| Information Ratio | (0.35) | |||
| Maximum Drawdown | 1.29 | |||
| Value At Risk | (0.45) | |||
| Potential Upside | 0.5122 |
Franklin Bissett Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Franklin Bissett's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Franklin Bissett's standard deviation. In reality, there are many statistical measures that can use Franklin Bissett historical prices to predict the future Franklin Bissett's volatility.| Risk Adjusted Performance | 0.0811 | |||
| Jensen Alpha | 0.0207 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.37) | |||
| Treynor Ratio | 0.5579 |
Franklin Bissett Cor Backtested Returns
As of now, Franklin Etf is very steady. Franklin Bissett Cor secures Sharpe Ratio (or Efficiency) of 0.16, which denotes the etf had a 0.16% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Franklin Bissett Corporate, which you can use to evaluate the volatility of the entity. Please confirm Franklin Bissett's Mean Deviation of 0.2303, semi deviation of 0.1668, and Downside Deviation of 0.2743 to check if the risk estimate we provide is consistent with the expected return of 0.0451%. The etf shows a Beta (market volatility) of 0.0482, which means not very significant fluctuations relative to the market. As returns on the market increase, Franklin Bissett's returns are expected to increase less than the market. However, during the bear market, the loss of holding Franklin Bissett is expected to be smaller as well.
Auto-correlation | 0.04 |
Virtually no predictability
Franklin Bissett Corporate has virtually no predictability. Overlapping area represents the amount of predictability between Franklin Bissett time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 Bissett Cor price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Franklin Bissett price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Franklin Bissett Cor lagged returns against current returns
Autocorrelation, which is Franklin Bissett etf'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 Bissett's etf expected returns. We can calculate the autocorrelation of Franklin Bissett returns to help us make a trade decision. For example, suppose you find that Franklin Bissett has exhibited high autocorrelation historically, and you observe that the etf 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 Bissett 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 Bissett etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Franklin Bissett etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Franklin Bissett etf over time.
Current vs Lagged Prices |
| Timeline |
Franklin Bissett Lagged Returns
When evaluating Franklin Bissett's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Franklin Bissett etf have on its future price. Franklin Bissett 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 Bissett autocorrelation shows the relationship between Franklin Bissett etf current value and its past values and can show if there is a momentum factor associated with investing in Franklin Bissett Corporate.
Regressed Prices |
| Timeline |
Pair Trading with Franklin Bissett
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 Bissett 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 Bissett will appreciate offsetting losses from the drop in the long position's value.Moving together with Franklin Etf
| 0.88 | XCB | iShares Core Canadian | PairCorr |
| 0.85 | ZCM | BMO Mid Corporate | PairCorr |
| 0.85 | HAB | Global X Active | PairCorr |
| 0.89 | CBH | iShares 1 10Yr | PairCorr |
| 0.84 | NSCC | NBI Sustainable Canadian | PairCorr |
The ability to find closely correlated positions to Franklin Bissett 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 Bissett 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 Bissett - 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 Bissett Corporate to buy it.
The correlation of Franklin Bissett 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 Bissett moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Franklin Bissett Cor 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 Bissett 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.Other Information on Investing in Franklin Etf
Franklin Bissett financial ratios help investors to determine whether Franklin Etf 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 Bissett security.