Franklin Floating (Ireland) Probability of Target Price Finishing Over

    F00000VEWH -- Ireland Fund  

    SGD 9.69  0.00  0.00%

    Franklin Floating probability of target price tool provides mechanism to make assumptions about upside and downside potential of Franklin Floating Rate A Dis SGD H1 performance during a given time horizon utilizing its historical volatility. Please specify Franklin Floating time horizon, a valid symbol (red box) and a target price (blue box) you would like Franklin Floating odds to be computed. Additionally see Investing Opportunities.
     Time Horizon     30 Days    Login   to change
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    Franklin Floating Target Price Odds to finish over

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     9.69 30 days 9.69  ABOUT 22.26%
    Based on normal probability distribution, the odds of Franklin Floating to move above current price in 30 days from now is about 22.26% (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 -0.0753 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 
     
          
    Current Price   Target Price   
    α
    Alpha over DOW
    =0.09
    β
    Beta against DOW=0.08
    σ
    Overall volatility
    =5.03
    Ir
    Information ratio =0.98

    Franklin Floating Alerts

    Franklin Floating Alerts and Suggestions
    Franklin Floating generates negative expected return over the last 30 days
    The fund retains about 87.2% of its assets under management (AUM) in fixed income securities
    Additionally see Investing Opportunities. Please also try Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
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