Franklin Orado Tax Free Fund Market Value
| FRCOX Fund | USD 10.68 0.02 0.19% |
| Symbol | Franklin |
Franklin Colorado '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 Colorado'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 Colorado.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Franklin Colorado on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Franklin Orado Tax Free or generate 0.0% return on investment in Franklin Colorado over 720 days. Franklin Colorado is related to or competes with Maryland Tax-free, Maryland Tax-free, Virginia Tax-free, Franklin Oregon, and Franklin Missouri. The fund invests at least 80 percent of its net assets in securities whose interest is free from federal income taxes, i... More
Franklin Colorado 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 Colorado'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 Orado Tax Free upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3586 | |||
| Information Ratio | (0.51) | |||
| Maximum Drawdown | 1.33 | |||
| Value At Risk | (0.28) | |||
| Potential Upside | 0.3806 |
Franklin Colorado Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Franklin Colorado's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Franklin Colorado's standard deviation. In reality, there are many statistical measures that can use Franklin Colorado historical prices to predict the future Franklin Colorado's volatility.| Risk Adjusted Performance | 0.0444 | |||
| Jensen Alpha | 0.0215 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.33) | |||
| Treynor Ratio | (0.12) |
Franklin Orado Tax Backtested Returns
At this stage we consider Franklin Mutual Fund to be very steady. Franklin Orado Tax secures Sharpe Ratio (or Efficiency) of 0.0654, which denotes the fund had a 0.0654% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Franklin Orado Tax Free, which you can use to evaluate the volatility of the entity. Please confirm Franklin Colorado's Mean Deviation of 0.144, downside deviation of 0.3586, and Semi Deviation of 0.1731 to check if the risk estimate we provide is consistent with the expected return of 0.015%. The fund shows a Beta (market volatility) of -0.0883, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Franklin Colorado are expected to decrease at a much lower rate. During the bear market, Franklin Colorado is likely to outperform the market.
Auto-correlation | -0.45 |
Modest reverse predictability
Franklin Orado Tax Free has modest reverse predictability. Overlapping area represents the amount of predictability between Franklin Colorado time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 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 Orado Tax price movement. The serial correlation of -0.45 indicates that just about 45.0% of current Franklin Colorado price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Franklin Orado Tax lagged returns against current returns
Autocorrelation, which is Franklin Colorado 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 Colorado's mutual fund expected returns. We can calculate the autocorrelation of Franklin Colorado returns to help us make a trade decision. For example, suppose you find that Franklin Colorado 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 Colorado 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 Colorado mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Franklin Colorado 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 Colorado mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Franklin Colorado Lagged Returns
When evaluating Franklin Colorado's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Franklin Colorado mutual fund have on its future price. Franklin Colorado 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 Colorado autocorrelation shows the relationship between Franklin Colorado mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Franklin Orado Tax Free.
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 Colorado 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 Colorado security.
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