Franklin International Growth Fund Market Value
| FILRX Fund | USD 16.50 0.03 0.18% |
| Symbol | Franklin |
Franklin International '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 International's mutual 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 International.
| 02/13/2024 |
| 05/13/2024 |
If you would invest 0.00 in Franklin International on February 13, 2024 and sell it all today you would earn a total of 0.00 from holding Franklin International Growth or generate 0.0% return on investment in Franklin International over 90 days. Franklin International is related to or competes with William Blair, Walden Asset, Wilmington Large, William Blair, and Fidelity Advisor. The fund invests predominantly in equity securities, primarily common stock, of mid- and large-capitalization companies ... More
Franklin International 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 International's mutual 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 International Growth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.04 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 4.5 | |||
| Value At Risk | (1.79) | |||
| Potential Upside | 1.57 |
Franklin International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Franklin International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Franklin International's standard deviation. In reality, there are many statistical measures that can use Franklin International historical prices to predict the future Franklin International's volatility.| Risk Adjusted Performance | 0.0046 | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | (0.01) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Franklin International'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 International Backtested Returns
We consider Franklin International very steady. Franklin International secures Sharpe Ratio (or Efficiency) of 0.0283, which denotes the fund had a 0.0283% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Franklin International Growth, which you can use to evaluate the volatility of the entity. Please confirm Franklin International's Downside Deviation of 1.04, semi deviation of 0.9804, and Mean Deviation of 0.7663 to check if the risk estimate we provide is consistent with the expected return of 0.0267%. The fund shows a Beta (market volatility) of 1.37, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Franklin International will likely underperform.
Auto-correlation | -0.29 |
Weak reverse predictability
Franklin International Growth has weak reverse predictability. Overlapping area represents the amount of predictability between Franklin International time series from 13th of February 2024 to 29th of March 2024 and 29th of March 2024 to 13th of May 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 International price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current Franklin International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
Franklin International lagged returns against current returns
Autocorrelation, which is Franklin International mutual 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 International's mutual fund expected returns. We can calculate the autocorrelation of Franklin International returns to help us make a trade decision. For example, suppose you find that Franklin International has exhibited high autocorrelation historically, and you observe that the mutual 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 International 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 International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Franklin International mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Franklin International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Franklin International Lagged Returns
When evaluating Franklin International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Franklin International mutual fund have on its future price. Franklin International 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 International autocorrelation shows the relationship between Franklin International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Franklin International Growth.
Regressed Prices |
| Timeline |
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Franklin International technical mutual fund 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, fund market cycles, or different charting patterns.