Franklin Templeton Etf Market Value

DIEM Etf  USD 27.23  0.09  0.33%   
Franklin Templeton's market value is the price at which a share of Franklin Templeton trades on a public exchange. It measures the collective expectations of Franklin Templeton ETF investors about its performance. Franklin Templeton is selling at 27.23 as of the 6th of December 2024; that is 0.33 percent increase since the beginning of the trading day. The etf's lowest day price was 27.18.
With this module, you can estimate the performance of a buy and hold strategy of Franklin Templeton ETF and determine expected loss or profit from investing in Franklin Templeton over a given investment horizon. Check out Franklin Templeton Correlation, Franklin Templeton Volatility and Franklin Templeton Alpha and Beta module to complement your research on Franklin Templeton.
Symbol

The market value of Franklin Templeton ETF is measured differently than its book value, which is the value of Franklin that is recorded on the company's balance sheet. Investors also form their own opinion of Franklin Templeton's value that differs from its market value or its book value, called intrinsic value, which is Franklin Templeton's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Franklin Templeton's market value can be influenced by many factors that don't directly affect Franklin Templeton's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Franklin Templeton's value and its price as these two are different measures arrived at by different means. Investors typically determine if Franklin Templeton is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Franklin Templeton's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Franklin Templeton 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Franklin Templeton's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Franklin Templeton.
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11/06/2024
No Change 0.00  0.0 
In 31 days
12/06/2024
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If you would invest  0.00  in Franklin Templeton on November 6, 2024 and sell it all today you would earn a total of 0.00 from holding Franklin Templeton ETF or generate 0.0% return on investment in Franklin Templeton over 30 days. Franklin Templeton is related to or competes with Franklin Core, Franklin International, WisdomTree Trust, and First Trust. Under normal market conditions, the fund invests at least 80 percent of its assets in the component securities of the in... More

Franklin Templeton Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Franklin Templeton's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Franklin Templeton ETF upside and downside potential and time the market with a certain degree of confidence.

Franklin Templeton Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Franklin Templeton's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Franklin Templeton's standard deviation. In reality, there are many statistical measures that can use Franklin Templeton historical prices to predict the future Franklin Templeton's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Franklin Templeton's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
26.0527.2328.41
Details
Intrinsic
Valuation
LowRealHigh
26.0527.2328.41
Details
Naive
Forecast
LowNextHigh
26.0727.2528.42
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
26.4427.1327.82
Details

Franklin Templeton ETF Backtested Returns

As of now, Franklin Etf is very steady. Franklin Templeton ETF secures Sharpe Ratio (or Efficiency) of 0.0615, which denotes the etf had a 0.0615% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Franklin Templeton ETF, which you can use to evaluate the volatility of the entity. Please confirm Franklin Templeton's Mean Deviation of 0.8118, downside deviation of 1.13, and Semi Deviation of 1.05 to check if the risk estimate we provide is consistent with the expected return of 0.0725%. The etf shows a Beta (market volatility) of 0.26, which means not very significant fluctuations relative to the market. As returns on the market increase, Franklin Templeton's returns are expected to increase less than the market. However, during the bear market, the loss of holding Franklin Templeton is expected to be smaller as well.

Auto-correlation

    
  -0.4  

Poor reverse predictability

Franklin Templeton ETF has poor reverse predictability. Overlapping area represents the amount of predictability between Franklin Templeton time series from 6th of November 2024 to 21st of November 2024 and 21st of November 2024 to 6th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Franklin Templeton ETF price movement. The serial correlation of -0.4 indicates that just about 40.0% of current Franklin Templeton price fluctuation can be explain by its past prices.
Correlation Coefficient-0.4
Spearman Rank Test-0.54
Residual Average0.0
Price Variance0.02

Franklin Templeton ETF lagged returns against current returns

Autocorrelation, which is Franklin Templeton etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Franklin Templeton's etf expected returns. We can calculate the autocorrelation of Franklin Templeton returns to help us make a trade decision. For example, suppose you find that Franklin Templeton has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

Franklin Templeton regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Franklin Templeton etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Franklin Templeton etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Franklin Templeton etf over time.
   Current vs Lagged Prices   
       Timeline  

Franklin Templeton Lagged Returns

When evaluating Franklin Templeton's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Franklin Templeton etf have on its future price. Franklin Templeton autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Franklin Templeton autocorrelation shows the relationship between Franklin Templeton etf current value and its past values and can show if there is a momentum factor associated with investing in Franklin Templeton ETF.
   Regressed Prices   
       Timeline  

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When determining whether Franklin Templeton ETF is a strong investment it is important to analyze Franklin Templeton's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Franklin Templeton's future performance. For an informed investment choice regarding Franklin Etf, refer to the following important reports:
Check out Franklin Templeton Correlation, Franklin Templeton Volatility and Franklin Templeton Alpha and Beta module to complement your research on Franklin Templeton.
You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Franklin Templeton technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
A focus of Franklin Templeton technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Franklin Templeton trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...