Franklin Louisiana Tax Free Fund Market Value
| FLAIX Fund | USD 10.25 0.01 0.1% |
| Symbol | Franklin |
Franklin Louisiana '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 Louisiana'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 Louisiana.
| 08/03/2022 |
| 04/24/2024 |
If you would invest 0.00 in Franklin Louisiana on August 3, 2022 and sell it all today you would earn a total of 0.00 from holding Franklin Louisiana Tax Free or generate 0.0% return on investment in Franklin Louisiana over 630 days. Franklin Louisiana is related to or competes with Franklin Mutual, Templeton Developing, Franklin Mutual, Franklin Mutual, Franklin Mutual, Templeton Foreign, and Templeton Foreign. The fund invests at least 80 percent of its total assets in securities whose interest is free from federal income taxes,... More
Franklin Louisiana 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 Louisiana'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 Louisiana Tax Free upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.252 | |||
| Information Ratio | (0.50) | |||
| Maximum Drawdown | 1.16 | |||
| Value At Risk | (0.29) | |||
| Potential Upside | 0.1953 |
Franklin Louisiana Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Franklin Louisiana's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Franklin Louisiana's standard deviation. In reality, there are many statistical measures that can use Franklin Louisiana historical prices to predict the future Franklin Louisiana's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.35) | |||
| Treynor Ratio | (0.73) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Franklin Louisiana'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 Louisiana Tax Backtested Returns
We consider Franklin Louisiana very steady. Franklin Louisiana Tax secures Sharpe Ratio (or Efficiency) of 0.0094, which denotes the fund had a 0.0094% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Franklin Louisiana Tax Free, which you can use to evaluate the volatility of the entity. Please confirm Franklin Louisiana's Semi Deviation of 0.1665, downside deviation of 0.252, and Mean Deviation of 0.1176 to check if the risk estimate we provide is consistent with the expected return of 0.0017%. The fund shows a Beta (market volatility) of 0.0135, which means not very significant fluctuations relative to the market. As returns on the market increase, Franklin Louisiana's returns are expected to increase less than the market. However, during the bear market, the loss of holding Franklin Louisiana is expected to be smaller as well.
Auto-correlation | 0.48 |
Average predictability
Franklin Louisiana Tax Free has average predictability. Overlapping area represents the amount of predictability between Franklin Louisiana time series from 3rd of August 2022 to 14th of June 2023 and 14th of June 2023 to 24th of April 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 Louisiana Tax price movement. The serial correlation of 0.48 indicates that about 48.0% of current Franklin Louisiana price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Franklin Louisiana Tax lagged returns against current returns
Autocorrelation, which is Franklin Louisiana 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 Louisiana's mutual fund expected returns. We can calculate the autocorrelation of Franklin Louisiana returns to help us make a trade decision. For example, suppose you find that Franklin Louisiana 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 Louisiana 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 Louisiana mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Franklin Louisiana 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 Louisiana mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Franklin Louisiana Lagged Returns
When evaluating Franklin Louisiana's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Franklin Louisiana mutual fund have on its future price. Franklin Louisiana 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 Louisiana autocorrelation shows the relationship between Franklin Louisiana mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Franklin Louisiana Tax Free.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Franklin Louisiana in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Franklin Louisiana's short interest history, or implied volatility extrapolated from Franklin Louisiana options trading.
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Franklin Louisiana 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.