Franklin Floating (Ireland) Probability of Target Price Finishing Over Current Price

    F00000VEWI -- Ireland Fund  

    EUR 8.83  0.04  0.45%

    Franklin Floating probability of target price tool provides mechanism to make assumptions about upside and downside potential of Franklin Floating Rate A Dis EUR 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
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    Franklin Floating Target Price Odds to finish over

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     8.83 30 days 8.83  ABOUT 6.56%
    Based on normal probability distribution, the odds of Franklin Floating to move above current price in 30 days from now is about 6.56% (This Franklin Floating Rate A Dis EUR 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 0.0096 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 EUR 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
    Beta against DOW=0.0096
    Overall volatility
    Information ratio =0.07

    Franklin Floating Alerts and Suggestions

    Franklin Floating is not yet fully synchronised with the market data
    The fund retains about 87.2% of its assets under management (AUM) in fixed income securities

    Franklin FloatingPrice Density Drivers