Franklin Templeton Etf Market Value
| USPX Etf | USD 52.93 0.31 0.59% |
| Symbol | Franklin |
The market value of Franklin Templeton ETF 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 Templeton's value that differs from its market value or its book value, called intrinsic value, which is Franklin Templeton'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 Templeton's market value can be influenced by many factors that don't directly affect Franklin Templeton'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 Templeton's value and its price as these two are different measures arrived at by different means. Investors typically determine if Franklin Templeton is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Franklin Templeton'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 Templeton '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 Templeton'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 Templeton.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Franklin Templeton on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Franklin Templeton ETF or generate 0.0% return on investment in Franklin Templeton over 30 days. Franklin Templeton is related to or competes with Vanguard Total, SPDR SP, IShares Core, Vanguard Dividend, Vanguard Large, Invesco SP, and IShares Russell. The fund invests at least 80 percent of its assets in the component securities of the underlying index More
Franklin Templeton 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 Templeton'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 Templeton ETF upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8822 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 3.94 | |||
| Value At Risk | (1.29) | |||
| Potential Upside | 1.22 |
Franklin Templeton Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Franklin Templeton's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Franklin Templeton's standard deviation. In reality, there are many statistical measures that can use Franklin Templeton historical prices to predict the future Franklin Templeton's volatility.| Risk Adjusted Performance | 0.1268 | |||
| Jensen Alpha | 0.0099 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.139 |
Franklin Templeton ETF Backtested Returns
At this stage we consider Franklin Etf to be very steady. Franklin Templeton ETF secures Sharpe Ratio (or Efficiency) of 0.21, which denotes the etf had a 0.21% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Franklin Templeton ETF, which you can use to evaluate the volatility of the entity. Please confirm Franklin Templeton's Downside Deviation of 0.8822, semi deviation of 0.6802, and Mean Deviation of 0.5538 to check if the risk estimate we provide is consistent with the expected return of 0.15%. The etf shows a Beta (market volatility) of 0.87, which means possible diversification benefits within a given portfolio. Franklin Templeton returns are very sensitive to returns on the market. As the market goes up or down, Franklin Templeton is expected to follow.
Auto-correlation | 0.90 |
Excellent predictability
Franklin Templeton ETF has excellent predictability. Overlapping area represents the amount of predictability between Franklin Templeton time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Templeton ETF price movement. The serial correlation of 0.9 indicates that approximately 90.0% of current Franklin Templeton price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.9 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.22 |
Franklin Templeton ETF lagged returns against current returns
Autocorrelation, which is Franklin Templeton 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 Templeton's etf expected returns. We can calculate the autocorrelation of Franklin Templeton returns to help us make a trade decision. For example, suppose you find that Franklin Templeton 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 Templeton 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 Templeton etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Franklin Templeton etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Franklin Templeton etf over time.
Current vs Lagged Prices |
| Timeline |
Franklin Templeton Lagged Returns
When evaluating Franklin Templeton's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Franklin Templeton etf have on its future price. Franklin Templeton 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 Templeton autocorrelation shows the relationship between Franklin Templeton etf current value and its past values and can show if there is a momentum factor associated with investing in Franklin Templeton ETF.
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 Templeton ETF is a strong investment it is important to analyze Franklin Templeton'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 Templeton's future performance. For an informed investment choice regarding Franklin Etf, refer to the following important reports:Check out Franklin Templeton Correlation, Franklin Templeton Volatility and Franklin Templeton Alpha and Beta module to complement your research on Franklin Templeton. You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Franklin Templeton 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.