Franklin K2 Alternative Fund Price on March 31, 2023
| FAAAX Fund | USD 11.45 0.05 0.44% |
Below is the normalized historical share price chart for Franklin K2 Alternative extending back to November 18, 2013. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Franklin stands at 11.45, as last reported on the 24th of April, with the highest price reaching 11.45 and the lowest price hitting 11.45 during the day.
If you're considering investing in Franklin Mutual Fund, it is important to understand the factors that can impact its price. We consider Franklin very steady. Franklin K2 Alternative secures Sharpe Ratio (or Efficiency) of 0.32, which denotes the fund had a 0.32% return per unit of standard deviation over the last 3 months. We have found twenty-six technical indicators for Franklin K2 Alternative, which you can use to evaluate the volatility of the entity. Please confirm Franklin's Mean Deviation of 0.1558, downside deviation of 0.1818, and Coefficient Of Variation of 287.67 to check if the risk estimate we provide is consistent with the expected return of 0.0624%.
Franklin Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Franklin |
Sharpe Ratio = 0.3226
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| Cash | FAAAX | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 0.19 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.06 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.32 actual daily | 25 75% of assets perform better |
Based on monthly moving average Franklin is performing at about 25% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Franklin by adding it to a well-diversified portfolio.
Franklin Valuation on March 31, 2023
It is possible to determine the worth of Franklin on a given historical date. On March 31, 2023 Franklin was worth 10.71 at the beginning of the trading date compared to the closed value of 10.66. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Franklin mutual fund. Still, in general, we apply an absolute valuation method to find Franklin's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Franklin where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Franklin's related companies.
| Open | High | Low | Close | Volume | |
| 10.69 | 10.69 | 10.64 | 10.64 | 1.00 | |
03/31/2023 | 10.71 | 10.71 | 10.66 | 10.66 | 1.00 |
| 10.71 | 10.71 | 10.66 | 10.66 | 1.00 |
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Franklin Trading Date Momentum on March 31, 2023
| On April 03 2023 Franklin K2 Alternative was traded for 10.66 at the closing time. The highest daily price throughout the period was 10.71 and the lowest price was 10.66 . There was no trading activity during the period 1.0. Lack of trading volume on 04/03/2023 did not affect price variability. The overall trading delta to current closing price is 0.56% . |
Franklin K2 Alternative Fundamentals Correlations and Trends
By evaluating Franklin's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Franklin's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Franklin financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Franklin Mutual Fund history
Franklin investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Franklin is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Franklin K2 Alternative will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Franklin stock prices may prove useful in developing a viable investing in Franklin
The fund seeks to achieve its investment goal by allocating its assets across multiple non-traditional or alternative strategies, including, but not limited to, some or all of the following strategies Long Short Equity, Relative Value, Event Driven and Global Macro. It may invest in a wide range of securities and other investments including, but not limited to equity securities and debt securities.
Franklin Mutual Fund Technical Analysis
Franklin 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.
Price Boundaries
Franklin Period Price Range
Low | March 31, 2023
| High |
10.71 | 10.66 |
Franklin April 24, 2024 Market Strength
Market strength indicators help investors to evaluate how Franklin mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Franklin shares will generate the highest return on investment. By undertsting and applying Franklin mutual fund market strength indicators, traders can identify Franklin K2 Alternative entry and exit signals to maximize returns
Franklin Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Franklin's price direction in advance. Along with the technical and fundamental analysis of Franklin Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Franklin to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1948 | |||
| Jensen Alpha | 0.0416 | |||
| Total Risk Alpha | 0.0312 | |||
| Sortino Ratio | (0.15) | |||
| Treynor Ratio | 0.3034 |
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| Volume Indicators |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Franklin K2 Alternative. 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 nation. Note that the Franklin K2 Alternative information on this page should be used as a complementary analysis to other Franklin'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 Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .