Franklin Rising Dividends Fund Market Value
| FRDTX Fund | USD 88.55 0.18 0.20% |
| Symbol | Franklin |
Franklin Rising '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 Rising'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 Rising.
| 07/28/2023 |
| 04/23/2024 |
If you would invest 0.00 in Franklin Rising on July 28, 2023 and sell it all today you would earn a total of 0.00 from holding Franklin Rising Dividends or generate 0.0% return on investment in Franklin Rising over 270 days. Franklin Rising is related to or competes with Clearbridge Aggressive, Clearbridge All, Clearbridge Mid, and Clearbridge Large. The fund invests at least 80 percent of its net assets in investments of companies that have paid consistently rising di... More
Franklin Rising 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 Rising'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 Rising Dividends upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.715 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 2.59 | |||
| Value At Risk | (1.11) | |||
| Potential Upside | 0.9167 |
Franklin Rising Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Franklin Rising's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Franklin Rising's standard deviation. In reality, there are many statistical measures that can use Franklin Rising historical prices to predict the future Franklin Rising's volatility.| Risk Adjusted Performance | 0.056 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0511 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Franklin Rising'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 Rising Dividends Backtested Returns
We consider Franklin Rising very steady. Franklin Rising Dividends secures Sharpe Ratio (or Efficiency) of 0.0609, which denotes the fund had a 0.0609% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Franklin Rising Dividends, which you can use to evaluate the volatility of the entity. Please confirm Franklin Rising's Semi Deviation of 0.5647, downside deviation of 0.715, and Mean Deviation of 0.4517 to check if the risk estimate we provide is consistent with the expected return of 0.0358%. The fund shows a Beta (market volatility) of 0.87, which means possible diversification benefits within a given portfolio. Franklin Rising returns are very sensitive to returns on the market. As the market goes up or down, Franklin Rising is expected to follow.
Auto-correlation | -0.64 |
Very good reverse predictability
Franklin Rising Dividends has very good reverse predictability. Overlapping area represents the amount of predictability between Franklin Rising time series from 28th of July 2023 to 10th of December 2023 and 10th of December 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 Rising Dividends price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current Franklin Rising price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 5.48 |
Franklin Rising Dividends lagged returns against current returns
Autocorrelation, which is Franklin Rising 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 Rising's mutual fund expected returns. We can calculate the autocorrelation of Franklin Rising returns to help us make a trade decision. For example, suppose you find that Franklin Rising 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 Rising 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 Rising mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Franklin Rising 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 Rising mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Franklin Rising Lagged Returns
When evaluating Franklin Rising's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Franklin Rising mutual fund have on its future price. Franklin Rising 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 Rising autocorrelation shows the relationship between Franklin Rising mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Franklin Rising Dividends.
Regressed Prices |
| Timeline |
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Franklin Rising 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.