Franklin Floating (Ireland) Market Value
| IE0032578035 | USD 7.05 0.01 0.14% |
| Symbol | Franklin |
Franklin Floating '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 Floating's 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 Floating.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Franklin Floating on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Franklin Floating Rate or generate 0.0% return on investment in Franklin Floating over 30 days. Franklin Floating is related to or competes with Franklin Floating, Franklin Floating. The Funds investment objective is to provide a high level of current income and preservation of capital by investing up ... More
Franklin Floating 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 Floating's 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 Floating Rate upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1542 | |||
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 0.7265 | |||
| Value At Risk | (0.14) | |||
| Potential Upside | 0.2869 |
Franklin Floating Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Franklin Floating's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Franklin Floating's standard deviation. In reality, there are many statistical measures that can use Franklin Floating historical prices to predict the future Franklin Floating's volatility.| Risk Adjusted Performance | 0.1714 | |||
| Jensen Alpha | 0.0323 | |||
| Total Risk Alpha | 0.02 | |||
| Sortino Ratio | (0.18) | |||
| Treynor Ratio | (2.16) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Franklin Floating'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 Floating Rate Backtested Returns
We consider Franklin Floating very steady. Franklin Floating Rate secures Sharpe Ratio (or Efficiency) of 0.27, which denotes the fund had a 0.27% return per unit of standard deviation over the last 3 months. We have found twenty-six technical indicators for Franklin Floating Rate, which you can use to evaluate the volatility of the entity. Please confirm Franklin Floating's Mean Deviation of 0.0881, downside deviation of 0.1542, and Coefficient Of Variation of 290.67 to check if the risk estimate we provide is consistent with the expected return of 0.0277%. The fund shows a Beta (market volatility) of -0.0146, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Franklin Floating are expected to decrease at a much lower rate. During the bear market, Franklin Floating is likely to outperform the market.
Auto-correlation | 0.33 |
Below average predictability
Franklin Floating Rate has below average predictability. Overlapping area represents the amount of predictability between Franklin Floating time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th 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 Floating Rate price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Franklin Floating price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Franklin Floating Rate lagged returns against current returns
Autocorrelation, which is Franklin Floating 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 Floating's fund expected returns. We can calculate the autocorrelation of Franklin Floating returns to help us make a trade decision. For example, suppose you find that Franklin Floating has exhibited high autocorrelation historically, and you observe that the 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 Floating 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 Floating fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Franklin Floating fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Franklin Floating fund over time.
Current vs Lagged Prices |
| Timeline |
Franklin Floating Lagged Returns
When evaluating Franklin Floating's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Franklin Floating fund have on its future price. Franklin Floating 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 Floating autocorrelation shows the relationship between Franklin Floating fund current value and its past values and can show if there is a momentum factor associated with investing in Franklin Floating Rate.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Franklin Floating Correlation, Franklin Floating Volatility and Franklin Floating Alpha and Beta module to complement your research on Franklin Floating. Note that the Franklin Floating Rate information on this page should be used as a complementary analysis to other Franklin Floating'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 Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Franklin Floating technical 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.