Franklin Floating (Ireland) Risk Analysis And Volatility Evaluation

F0GBR05W0X -- Ireland Fund  

USD 15.24  0.08  0.52%

Macroaxis considers Franklin Floating to be unknown risk. Franklin Floating Rate secures Sharpe Ratio (or Efficiency) of -0.3381 which denotes Franklin Floating Rate had -0.3381% of return per unit of standard deviation over the last 1 month. Macroaxis philosophy in predicting risk of any fund is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Franklin Floating Rate A Acc exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Franklin Floating Rate Mean Deviation of 0.1226 to check risk estimate we provide.
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 Trend
Check current 30 days Franklin Floating correlation with market (DOW)
β = 0.0094
Franklin Floating Small BetaFranklin Floating Rate Beta Legend

Franklin Floating Rate Technical Analysis

Transformation
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Franklin Floating Projected Return Density Against Market

Assuming 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 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of Franklin Floating is -295.8. The daily returns are destributed with a variance of 0.08 and standard deviation of 0.29. The mean deviation of Franklin Floating Rate A Acc is currently at 0.21. For similar time horizon, the selected benchmark (DOW) has volatility of 1.09
α
Alpha over DOW
=0.07
β
Beta against DOW=0.0094
σ
Overall volatility
=0.29
Ir
Information ratio =1.26

Franklin Floating Return Volatility

Franklin 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.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Franklin Floating Volatility Factors

30 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Distress

30 Days Economic Sensitivity

Insignificant

Investment Outlook

Franklin Floating Investment Opportunity

DOW has a standard deviation of returns of 1.06 and is 3.66 times more volatile than Franklin Floating Rate A Acc. 2% of all equities and portfolios are less risky than Franklin Floating. Compared to the overall equity markets, volatility of historical daily returns of Franklin Floating Rate A Acc is lower than 2 (%) of all global equities and portfolios over the last 30 days. Use Franklin Floating Rate A Acc to protect against small markets fluctuations. The fund experiences moderate downward daily trend and can be a good diversifier. Check odds of Franklin Floating to be traded at $14.94 in 30 days. 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.

Franklin Floating correlation with market

Significant diversification
Overlapping area represents the amount of risk that can be diversified away by holding Franklin Floating Rate A Acc and equity matching DJI index in the same portfolio.

Franklin Floating Volatility Indicators

Franklin Floating Rate A Acc Current Risk Indicators

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