Franklin Real Estate Fund Market Value
| FRLAX Fund | USD 16.36 0.11 0.68% |
| Symbol | Franklin |
Franklin Real '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 Real'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 Real.
| 05/04/2022 |
| 04/23/2024 |
If you would invest 0.00 in Franklin Real on May 4, 2022 and sell it all today you would earn a total of 0.00 from holding Franklin Real Estate or generate 0.0% return on investment in Franklin Real over 720 days. Franklin Real is related to or competes with Franklin Natural, Franklin Small, Templeton Developing, Franklin Balance, and Franklin Utilities. Normally, the fund invests at least 80 percent of its net assets in equity securities of companies operating in the real... More
Franklin Real 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 Real'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 Real Estate upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 6.29 | |||
| Value At Risk | (1.69) | |||
| Potential Upside | 1.23 |
Franklin Real Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Franklin Real's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Franklin Real's standard deviation. In reality, there are many statistical measures that can use Franklin Real historical prices to predict the future Franklin Real's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | (0.08) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Franklin Real'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 Real Estate Backtested Returns
Franklin Real Estate secures Sharpe Ratio (or Efficiency) of -0.0796, which denotes the fund had a -0.0796% return per unit of standard deviation over the last 3 months. Franklin Real Estate exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Franklin Real's Standard Deviation of 1.08, coefficient of variation of (1,154), and Mean Deviation of 0.8364 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 1.32, 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 Real will likely underperform.
Auto-correlation | 0.24 |
Weak predictability
Franklin Real Estate has weak predictability. Overlapping area represents the amount of predictability between Franklin Real time series from 4th of May 2022 to 29th of April 2023 and 29th of April 2023 to 23rd 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 Real Estate price movement. The serial correlation of 0.24 indicates that over 24.0% of current Franklin Real price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.65 |
Franklin Real Estate lagged returns against current returns
Autocorrelation, which is Franklin Real 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 Real's mutual fund expected returns. We can calculate the autocorrelation of Franklin Real returns to help us make a trade decision. For example, suppose you find that Franklin Real 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 Real 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 Real mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Franklin Real 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 Real mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Franklin Real Lagged Returns
When evaluating Franklin Real's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Franklin Real mutual fund have on its future price. Franklin Real 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 Real autocorrelation shows the relationship between Franklin Real mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Franklin Real Estate.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out Franklin Real Correlation, Franklin Real Volatility and Franklin Real Alpha and Beta module to complement your research on Franklin Real. Note that the Franklin Real Estate information on this page should be used as a complementary analysis to other Franklin Real's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Franklin Real 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.