|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
| 9.69 ||30 days|| 9.69 || ABOUT 23.88%|
Based on normal probability distribution, the odds of Franklin Floating to move above current price in 30 days from now is about 23.88% (This Franklin Floating Rate A Dis SGD H1 probability density function shows the probability of Franklin Floating Fund to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, Franklin Floating Rate A Dis SGD H1 has beta of -0.0365 suggesting as returns on benchmark increase, returns on holding Franklin Floating are expected to decrease at a much smaller rate. During bear market, however, Franklin Floating Rate A Dis SGD H1 is likely to outperform the market. Additionally Franklin Floating Rate A Dis SGD H1 has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
Franklin Floating Price Density
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|Current Price || ||Target Price || |