Franklin Small Mid Cap Fund Market Value
| FSMRX Fund | USD 29.66 0.44 1.51% |
| Symbol | Franklin |
Franklin Small-mid '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 Small-mid'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 Small-mid.
| 04/30/2023 |
| 04/24/2024 |
If you would invest 0.00 in Franklin Small-mid on April 30, 2023 and sell it all today you would earn a total of 0.00 from holding Franklin Small Mid Cap or generate 0.0% return on investment in Franklin Small-mid over 360 days. Franklin Small-mid 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 net assets in the equity securities of small-capitalization and mid-capitali... More
Franklin Small-mid 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 Small-mid'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 Small Mid Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9983 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 3.92 | |||
| Value At Risk | (1.51) | |||
| Potential Upside | 1.56 |
Franklin Small-mid Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Franklin Small-mid's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Franklin Small-mid's standard deviation. In reality, there are many statistical measures that can use Franklin Small-mid historical prices to predict the future Franklin Small-mid's volatility.| Risk Adjusted Performance | 0.0169 | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.0084 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Franklin Small-mid'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 Small Mid Backtested Returns
Franklin Small Mid secures Sharpe Ratio (or Efficiency) of -0.0046, which denotes the fund had a -0.0046% return per unit of standard deviation over the last 3 months. Franklin Small Mid Cap exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Franklin Small-mid's Semi Deviation of 0.9523, mean deviation of 0.7358, and Downside Deviation of 0.9983 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 1.21, 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 Small-mid will likely underperform.
Auto-correlation | 0.47 |
Average predictability
Franklin Small Mid Cap has average predictability. Overlapping area represents the amount of predictability between Franklin Small-mid time series from 30th of April 2023 to 27th of October 2023 and 27th of October 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 Small Mid price movement. The serial correlation of 0.47 indicates that about 47.0% of current Franklin Small-mid price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 3.92 |
Franklin Small Mid lagged returns against current returns
Autocorrelation, which is Franklin Small-mid 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 Small-mid's mutual fund expected returns. We can calculate the autocorrelation of Franklin Small-mid returns to help us make a trade decision. For example, suppose you find that Franklin Small-mid 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 Small-mid 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 Small-mid mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Franklin Small-mid 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 Small-mid mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Franklin Small-mid Lagged Returns
When evaluating Franklin Small-mid's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Franklin Small-mid mutual fund have on its future price. Franklin Small-mid 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 Small-mid autocorrelation shows the relationship between Franklin Small-mid mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Franklin Small Mid Cap.
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 Small-mid 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 Small-mid's short interest history, or implied volatility extrapolated from Franklin Small-mid options trading.
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Franklin Small-mid 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.