Franklin California Tax Free Fund Quote

FKTQX Fund  USD 6.86  0.01  0.15%   

Performance

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Odds Of Distress

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Franklin California is trading at 6.86 as of the 29th of March 2024; that is -0.15 percent decrease since the beginning of the trading day. The fund's open price was 6.87. Franklin California has about a 44 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for Franklin California Tax Free are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of April 2022 and ending today, the 29th of March 2024. Click here to learn more.
The fund invests at least 80 percent of its total assets in investment grade municipal securities whose interest is free from federal income taxes, including the federal alternative minimum tax, and from California personal income taxes. It is possible that up to 20 percent of its total assets may be in securities that pay interest that may be subject to the federal alternative minimum tax and, although not anticipated, in securities that pay interest subject to other federal or state income taxes.. More on Franklin California Tax Free

Moving together with Franklin Mutual Fund

  0.65USG USCF Gold Strategy Symbol ChangePairCorr
  0.69TEDMX Templeton DevelopingPairCorr
  0.63TEFRX Templeton Foreign FundPairCorr

Franklin Mutual Fund Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Franklin California's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Franklin California or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Fund ConcentrationFranklin Templeton Investments Funds, Large Funds, Muni California Long Funds, Muni California Long, Franklin Templeton Investments (View all Sectors)
Update Date31st of March 2024
Franklin California Tax Free [FKTQX] is traded in USA and was established 29th of March 2024. Franklin California is listed under Franklin Templeton Investments category by Fama And French industry classification. The fund is listed under Muni California Long category and is part of Franklin Templeton Investments family. This fund currently has accumulated 14.9 B in assets under management (AUM) with no minimum investment requirementsFranklin California is currently producing year-to-date (YTD) return of 0.26% with the current yeild of 0.0%, while the total return for the last 3 years was -0.31%.
Check Franklin California Probability Of Bankruptcy

Instrument Allocation

Franklin California Target Price Odds Analysis

Based on a normal probability distribution, the odds of Franklin California jumping above the current price in 90 days from now is about 38.16%. The Franklin California Tax Free probability density function shows the probability of Franklin California mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Franklin California has a beta of 0.0951. This usually indicates as returns on the market go up, Franklin California average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Franklin California Tax Free will be expected to be much smaller as well. Additionally, franklin California Tax Free has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 6.86HorizonTargetOdds Above 6.86
59.86%90 days
 6.86 
38.16%
Based on a normal probability distribution, the odds of Franklin California to move above the current price in 90 days from now is about 38.16 (This Franklin California Tax Free probability density function shows the probability of Franklin Mutual Fund to fall within a particular range of prices over 90 days) .

Franklin California Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Franklin California market risk premium is the additional return an investor will receive from holding Franklin California long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Franklin California. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Franklin California's alpha and beta are two of the key measurements used to evaluate Franklin California's performance over the market, the standard measures of volatility play an important role as well.

Franklin California Against Markets

Picking the right benchmark for Franklin California mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Franklin California mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Franklin California is critical whether you are bullish or bearish towards Franklin California Tax Free at a given time. Please also check how Franklin California's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Franklin California without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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How to buy Franklin Mutual Fund?

Before investing in Franklin California, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Franklin California. To buy Franklin California fund, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Franklin California. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Franklin California fund. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Franklin California Tax Free fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Franklin California Tax Free fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Franklin California Tax Free, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.

Already Invested in Franklin California Tax Free?

The danger of trading Franklin California Tax Free is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Franklin California is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Franklin California. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Franklin California is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Franklin California Tax Free. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in producer price index.
You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.

Complementary Tools for Franklin Mutual Fund analysis

When running Franklin California's price analysis, check to measure Franklin California's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Franklin California is operating at the current time. Most of Franklin California's value examination focuses on studying past and present price action to predict the probability of Franklin California's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Franklin California's price. Additionally, you may evaluate how the addition of Franklin California to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Franklin California's value and its price as these two are different measures arrived at by different means. Investors typically determine if Franklin California is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Franklin California's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.