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.
|Horizon||30 Days Login to change|
Franklin Floating Target Price Odds to finish over
|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
|0.00||30 days||0.00||ABOUT 90.79%|
Based on normal probability distribution, the odds of Franklin Floating to move above current price in 30 days from now is about 90.79% (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 has beta of 0.0114 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 Dis SGD H1 will be expected to be much smaller as well. Additionally The company has a negative alpha implying that the risk taken by holding this equity is not justified. Franklin Floating Rate is significantly underperforming DOW.
Franklin Floating Price Density
|Alpha over DOW||=||0.06|
|Beta against DOW||=||0.0114|