|Horizon||30 Days Login to change|
Franklin Floating Market Sensitivity
|As returns on market increase, Franklin Floating returns are expected to increase less than the market. However during bear market, the loss on holding Franklin Floating will be expected to be smaller as well.One Month Beta |Analyze Franklin Floating Rate Demand TrendCheck current 30 days Franklin Floating correlation with market (DOW)|
β = 0.0094
Franklin Floating Rate Technical Analysis
Franklin Floating Projected Return Density Against MarketAssuming 30 trading days horizon, Franklin Floating has beta of 0.0094 suggesting as returns on market go up, Franklin Floating average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Franklin Floating Rate A Acc will be expected to be much smaller as well. Moreover, Franklin Floating Rate A Acc has an alpha of 0.0685 implying that it can potentially generate 0.0685% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
Franklin Floating Return VolatilityFranklin Floating Rate A Acc accepts 0.2895% volatility on return distribution over the 30 days horizon. DOW inherits 1.0618% risk (volatility on return distribution) over the 30 days horizon.