Franklin Income Equity Etf Market Value
| INCE Etf | 59.05 0.33 0.56% |
| Symbol | Franklin |
The market value of Franklin Income Equity 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 Income's value that differs from its market value or its book value, called intrinsic value, which is Franklin Income'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 Income's market value can be influenced by many factors that don't directly affect Franklin Income'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 Income's value and its price as these two are different measures arrived at by different means. Investors typically determine if Franklin Income is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Franklin Income'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 Income '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 Income'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 Income.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Franklin Income on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Franklin Income Equity or generate 0.0% return on investment in Franklin Income over 30 days. Franklin Income is related to or competes with JPMorgan BetaBuilders, JPMorgan Core, JPMorgan BetaBuilders, and JPMorgan Emerging. More
Franklin Income 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 Income'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 Income Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4889 | |||
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 1.96 | |||
| Value At Risk | (0.71) | |||
| Potential Upside | 0.8447 |
Franklin Income Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Franklin Income's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Franklin Income's standard deviation. In reality, there are many statistical measures that can use Franklin Income historical prices to predict the future Franklin Income's volatility.| Risk Adjusted Performance | 0.112 | |||
| Jensen Alpha | 0.0673 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.1) | |||
| Treynor Ratio | (61.04) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Franklin Income'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 Income Equity Backtested Returns
At this point, Franklin Income is very steady. Franklin Income Equity secures Sharpe Ratio (or Efficiency) of 0.12, which denotes the etf had a 0.12% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Franklin Income Equity, which you can use to evaluate the volatility of the entity. Please confirm Franklin Income's Mean Deviation of 0.4091, downside deviation of 0.4889, and Semi Deviation of 0.3517 to check if the risk estimate we provide is consistent with the expected return of 0.0593%. The etf shows a Beta (market volatility) of -0.0011, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Franklin Income are expected to decrease at a much lower rate. During the bear market, Franklin Income is likely to outperform the market.
Auto-correlation | 0.91 |
Excellent predictability
Franklin Income Equity has excellent predictability. Overlapping area represents the amount of predictability between Franklin Income time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 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 Income Equity price movement. The serial correlation of 0.91 indicates that approximately 91.0% of current Franklin Income price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.91 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.24 |
Franklin Income Equity lagged returns against current returns
Autocorrelation, which is Franklin Income 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 Income's etf expected returns. We can calculate the autocorrelation of Franklin Income returns to help us make a trade decision. For example, suppose you find that Franklin Income 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 Income 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 Income etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Franklin Income etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Franklin Income etf over time.
Current vs Lagged Prices |
| Timeline |
Franklin Income Lagged Returns
When evaluating Franklin Income's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Franklin Income etf have on its future price. Franklin Income 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 Income autocorrelation shows the relationship between Franklin Income etf current value and its past values and can show if there is a momentum factor associated with investing in Franklin Income Equity.
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.When determining whether Franklin Income Equity is a strong investment it is important to analyze Franklin Income's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Franklin Income's future performance. For an informed investment choice regarding Franklin Etf, refer to the following important reports:Check out Franklin Income Correlation, Franklin Income Volatility and Franklin Income Alpha and Beta module to complement your research on Franklin Income. You can also try the Stocks Directory module to find actively traded stocks across global markets.
Franklin Income technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.