FRANKLIN RES INC Market Value
| 354613AK7 | 95.45 3.94 3.96% |
| Symbol | FRANKLIN |
FRANKLIN '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's bond 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.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in FRANKLIN on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding FRANKLIN RES INC or generate 0.0% return on investment in FRANKLIN over 30 days. FRANKLIN is related to or competes with Saia, Yuexiu Transport, Western Acquisition, Treasury Wine, The9, Doubledown Interactive, and Willamette Valley. More
FRANKLIN 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's bond 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 RES INC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.31) | |||
| Maximum Drawdown | 4.24 | |||
| Value At Risk | (0.39) | |||
| Potential Upside | 0.2429 |
FRANKLIN Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FRANKLIN's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FRANKLIN's standard deviation. In reality, there are many statistical measures that can use FRANKLIN historical prices to predict the future FRANKLIN's volatility.| Risk Adjusted Performance | (0.07) | |||
| Total Risk Alpha | (0.13) |
FRANKLIN RES INC Backtested Returns
FRANKLIN RES INC retains Efficiency (Sharpe Ratio) of -0.11, which denotes the bond had a -0.11% return per unit of risk over the last 3 months. FRANKLIN exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm FRANKLIN's Variance of 0.2673, information ratio of (0.31), and Mean Deviation of 0.2374 to check the risk estimate we provide. The bond owns a Beta (Systematic Risk) of 0.0, which means not very significant fluctuations relative to the market. the returns on MARKET and FRANKLIN are completely uncorrelated.
Auto-correlation | 0.39 |
Below average predictability
FRANKLIN RES INC has below average predictability. Overlapping area represents the amount of predictability between FRANKLIN time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 RES INC price movement. The serial correlation of 0.39 indicates that just about 39.0% of current FRANKLIN price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
FRANKLIN RES INC lagged returns against current returns
Autocorrelation, which is FRANKLIN bond'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's bond expected returns. We can calculate the autocorrelation of FRANKLIN returns to help us make a trade decision. For example, suppose you find that FRANKLIN has exhibited high autocorrelation historically, and you observe that the bond 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 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 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FRANKLIN bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FRANKLIN bond over time.
Current vs Lagged Prices |
| Timeline |
FRANKLIN Lagged Returns
When evaluating FRANKLIN's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FRANKLIN bond have on its future price. FRANKLIN 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 autocorrelation shows the relationship between FRANKLIN bond current value and its past values and can show if there is a momentum factor associated with investing in FRANKLIN RES INC.
Regressed Prices |
| Timeline |
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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 Bond
FRANKLIN financial ratios help investors to determine whether FRANKLIN Bond 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 security.