Franklin Vertible Securities Fund Market Value
| FROTX Fund | USD 20.24 0.06 0.30% |
| Symbol | Franklin |
Franklin Vertible '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 Vertible'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 Vertible.
| 01/19/2024 |
| 04/18/2024 |
If you would invest 0.00 in Franklin Vertible on January 19, 2024 and sell it all today you would earn a total of 0.00 from holding Franklin Vertible Securities or generate 0.0% return on investment in Franklin Vertible over 90 days. Franklin Vertible is related to or competes with Franklin Vertible, Franklin Vertible, Allianzgi Vertible, Allianzgi Vertible, Fidelity Vertible, and Mainstay Vertible. The fund normally invests at least 80 percent of its net assets in convertible securities More
Franklin Vertible 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 Vertible'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 Vertible Securities upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5339 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 2.05 | |||
| Value At Risk | (0.77) | |||
| Potential Upside | 0.7496 |
Franklin Vertible Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Franklin Vertible's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Franklin Vertible's standard deviation. In reality, there are many statistical measures that can use Franklin Vertible historical prices to predict the future Franklin Vertible's volatility.| Risk Adjusted Performance | 0.0266 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.0193 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Franklin Vertible'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 Vertible Backtested Returns
We consider Franklin Vertible very steady. Franklin Vertible secures Sharpe Ratio (or Efficiency) of 0.0344, which denotes the fund had a 0.0344% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Franklin Vertible Securities, which you can use to evaluate the volatility of the entity. Please confirm Franklin Vertible's Mean Deviation of 0.3788, downside deviation of 0.5339, and Semi Deviation of 0.4916 to check if the risk estimate we provide is consistent with the expected return of 0.016%. The fund shows a Beta (market volatility) of 0.63, which means possible diversification benefits within a given portfolio. As returns on the market increase, Franklin Vertible's returns are expected to increase less than the market. However, during the bear market, the loss of holding Franklin Vertible is expected to be smaller as well.
Auto-correlation | -0.22 |
Weak reverse predictability
Franklin Vertible Securities has weak reverse predictability. Overlapping area represents the amount of predictability between Franklin Vertible time series from 19th of January 2024 to 4th of March 2024 and 4th of March 2024 to 18th 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 Vertible price movement. The serial correlation of -0.22 indicates that over 22.0% of current Franklin Vertible price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Franklin Vertible lagged returns against current returns
Autocorrelation, which is Franklin Vertible 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 Vertible's mutual fund expected returns. We can calculate the autocorrelation of Franklin Vertible returns to help us make a trade decision. For example, suppose you find that Franklin Vertible 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 Vertible 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 Vertible mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Franklin Vertible 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 Vertible mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Franklin Vertible Lagged Returns
When evaluating Franklin Vertible's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Franklin Vertible mutual fund have on its future price. Franklin Vertible 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 Vertible autocorrelation shows the relationship between Franklin Vertible mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Franklin Vertible Securities.
Regressed Prices |
| Timeline |
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Franklin Vertible 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.