Franklin Universal Closed Etf Market Value
| FT Etf | USD 7.65 0.04 0.52% |
| Symbol | Franklin |
The market value of Franklin Universal Closed 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 Universal's value that differs from its market value or its book value, called intrinsic value, which is Franklin Universal's 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 Universal's market value can be influenced by many factors that don't directly affect Franklin Universal's 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 Universal's value and its price as these two are different measures arrived at by different means. Investors typically determine if Franklin Universal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Franklin Universal's 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 Universal '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 Universal'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 Universal.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Franklin Universal on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Franklin Universal Closed or generate 0.0% return on investment in Franklin Universal over 30 days. Franklin Universal is related to or competes with Eaton Vance, NXG NextGen, GAMCO Natural, MFS Investment, Eaton Vance, Federated Premier, and DTF Tax. Franklin Universal Trust is a closed-ended balanced mutual fund launched by Franklin Resources, Inc More
Franklin Universal 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 Universal'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 Universal Closed upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6608 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 2.82 | |||
| Value At Risk | (1.03) | |||
| Potential Upside | 0.9695 |
Franklin Universal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Franklin Universal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Franklin Universal's standard deviation. In reality, there are many statistical measures that can use Franklin Universal historical prices to predict the future Franklin Universal's volatility.| Risk Adjusted Performance | 0.1073 | |||
| Jensen Alpha | 0.085 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (7.91) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Franklin Universal's 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 Universal Closed Backtested Returns
Currently, Franklin Universal Closed is very steady. Franklin Universal Closed secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the etf had a 0.13% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Franklin Universal Closed, which you can use to evaluate the volatility of the entity. Please confirm Franklin Universal's Semi Deviation of 0.508, mean deviation of 0.4917, and Downside Deviation of 0.6608 to check if the risk estimate we provide is consistent with the expected return of 0.0784%. The etf shows a Beta (market volatility) of -0.0106, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Franklin Universal are expected to decrease at a much lower rate. During the bear market, Franklin Universal is likely to outperform the market.
Auto-correlation | -0.71 |
Almost perfect reverse predictability
Franklin Universal Closed has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Franklin Universal time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Universal Closed price movement. The serial correlation of -0.71 indicates that around 71.0% of current Franklin Universal price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.71 | |
| Spearman Rank Test | -0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Franklin Universal Closed lagged returns against current returns
Autocorrelation, which is Franklin Universal 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 Universal's etf expected returns. We can calculate the autocorrelation of Franklin Universal returns to help us make a trade decision. For example, suppose you find that Franklin Universal 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 Universal 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 Universal etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Franklin Universal etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Franklin Universal etf over time.
Current vs Lagged Prices |
| Timeline |
Franklin Universal Lagged Returns
When evaluating Franklin Universal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Franklin Universal etf have on its future price. Franklin Universal 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 Universal autocorrelation shows the relationship between Franklin Universal etf current value and its past values and can show if there is a momentum factor associated with investing in Franklin Universal Closed.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Franklin Etf
Franklin Universal 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 Universal security.