Franklin Floating (Ireland) Market Value
| IE00B000C709 | USD 18.54 0.04 0.22% |
| Symbol | Franklin |
Franklin Floating '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 Floating's 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 Floating.
| 09/18/2024 |
| 12/17/2024 |
If you would invest 0.00 in Franklin Floating on September 18, 2024 and sell it all today you would earn a total of 0.00 from holding Franklin Floating Rate or generate 0.0% return on investment in Franklin Floating over 90 days. Franklin Floating is related to or competes with Franklin Floating, Franklin Floating, Dalata Hotel, Uniphar Group, Origin Enterprises, and Bank of Ireland. The Funds investment objective is to provide a high level of current income and preservation of capital by investing up ... More
Franklin Floating 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 Floating's 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 Floating Rate upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1265 | |||
| Information Ratio | (0.56) | |||
| Maximum Drawdown | 0.3843 | |||
| Value At Risk | (0.11) | |||
| Potential Upside | 0.1657 |
Franklin Floating Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Franklin Floating's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Franklin Floating's standard deviation. In reality, there are many statistical measures that can use Franklin Floating historical prices to predict the future Franklin Floating's volatility.| Risk Adjusted Performance | 0.2282 | |||
| Jensen Alpha | 0.0234 | |||
| Total Risk Alpha | 0.0173 | |||
| Sortino Ratio | (0.39) | |||
| Treynor Ratio | 0.6659 |
Franklin Floating Rate Backtested Returns
At this point, Franklin Floating is very steady. Franklin Floating Rate secures Sharpe Ratio (or Efficiency) of 0.41, which denotes the fund had a 0.41% return per unit of standard deviation over the last 3 months. We have found twenty-six technical indicators for Franklin Floating Rate, which you can use to evaluate the volatility of the entity. Please confirm Franklin Floating's Downside Deviation of 0.1265, mean deviation of 0.0668, and Coefficient Of Variation of 240.09 to check if the risk estimate we provide is consistent with the expected return of 0.0367%. The fund shows a Beta (market volatility) of 0.0397, which means not very significant fluctuations relative to the market. As returns on the market increase, Franklin Floating's returns are expected to increase less than the market. However, during the bear market, the loss of holding Franklin Floating is expected to be smaller as well.
Auto-correlation | 0.94 |
Excellent predictability
Franklin Floating Rate has excellent predictability. Overlapping area represents the amount of predictability between Franklin Floating time series from 18th of September 2024 to 2nd of November 2024 and 2nd of November 2024 to 17th 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 Floating Rate price movement. The serial correlation of 0.94 indicates that approximately 94.0% of current Franklin Floating price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.94 | |
| Spearman Rank Test | 0.92 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Franklin Floating Rate lagged returns against current returns
Autocorrelation, which is Franklin Floating 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 Floating's fund expected returns. We can calculate the autocorrelation of Franklin Floating returns to help us make a trade decision. For example, suppose you find that Franklin Floating has exhibited high autocorrelation historically, and you observe that the 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 Floating 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 Floating fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Franklin Floating fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Franklin Floating fund over time.
Current vs Lagged Prices |
| Timeline |
Franklin Floating Lagged Returns
When evaluating Franklin Floating's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Franklin Floating fund have on its future price. Franklin Floating 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 Floating autocorrelation shows the relationship between Franklin Floating fund current value and its past values and can show if there is a momentum factor associated with investing in Franklin Floating Rate.
Regressed Prices |
| Timeline |
Pair Trading with Franklin Floating
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 Floating 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 Floating will appreciate offsetting losses from the drop in the long position's value.Moving together with Franklin Fund
| 1.0 | IE00B065CV35 | Franklin Floating Rate | PairCorr |
| 1.0 | IE0032578035 | Franklin Floating Rate | PairCorr |
The ability to find closely correlated positions to Franklin Floating 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 Floating 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 Floating - 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 Floating Rate to buy it.
The correlation of Franklin Floating 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 Floating moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Franklin Floating Rate 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 Floating 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 Fund
Franklin Floating financial ratios help investors to determine whether Franklin 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 Floating security.
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