Franklin Income Fund Market Value
| FCISX Fund | USD 2.34 0.01 0.43% |
| Symbol | Franklin |
Franklin Income '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 Income's mutual fund 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 Income.
| 02/23/2024 |
| 04/23/2024 |
If you would invest 0.00 in Franklin Income on February 23, 2024 and sell it all today you would earn a total of 0.00 from holding Franklin Income Fund or generate 0.0% return on investment in Franklin Income over 60 days. Franklin Income is related to or competes with Franklin Mutual, Templeton Developing, Franklin Mutual, Franklin Mutual, Franklin Mutual, Templeton Foreign, and Templeton Foreign. The fund invests in a diversified portfolio of debt and equity securities More
Franklin Income 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 Income's mutual fund 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 Income Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.559 | |||
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 1.71 | |||
| Value At Risk | (0.43) | |||
| Potential Upside | 0.4329 |
Franklin Income Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Franklin Income's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Franklin Income's standard deviation. In reality, there are many statistical measures that can use Franklin Income historical prices to predict the future Franklin Income's volatility.| Risk Adjusted Performance | 0.0271 | |||
| Jensen Alpha | 0.0073 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.12) | |||
| Treynor Ratio | 0.268 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Franklin Income'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.
Franklin Me Fund Backtested Returns
We consider Franklin Income not too volatile. Franklin Me Fund secures Sharpe Ratio (or Efficiency) of 0.0562, which denotes the fund had a 0.0562% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Franklin Income Fund, which you can use to evaluate the volatility of the entity. Please confirm Franklin Income's Downside Deviation of 0.559, semi deviation of 0.2727, and Mean Deviation of 0.2618 to check if the risk estimate we provide is consistent with the expected return of 0.0215%. The fund shows a Beta (market volatility) of 0.0385, which means not very significant fluctuations relative to the market. As returns on the market increase, Franklin Income's returns are expected to increase less than the market. However, during the bear market, the loss of holding Franklin Income is expected to be smaller as well.
Auto-correlation | -0.7 |
Very good reverse predictability
Franklin Income Fund has very good reverse predictability. Overlapping area represents the amount of predictability between Franklin Income time series from 23rd of February 2024 to 24th of March 2024 and 24th of March 2024 to 23rd of April 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 Me Fund price movement. The serial correlation of -0.7 indicates that around 70.0% of current Franklin Income price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Franklin Me Fund lagged returns against current returns
Autocorrelation, which is Franklin Income mutual fund'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 Income's mutual fund expected returns. We can calculate the autocorrelation of Franklin Income returns to help us make a trade decision. For example, suppose you find that Franklin Income has exhibited high autocorrelation historically, and you observe that the mutual fund 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 Income 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 Income mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Franklin Income mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Franklin Income mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Franklin Income Lagged Returns
When evaluating Franklin Income's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Franklin Income mutual fund have on its future price. Franklin Income 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 Income autocorrelation shows the relationship between Franklin Income mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Franklin Income Fund.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Franklin Income in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Franklin Income's short interest history, or implied volatility extrapolated from Franklin Income options trading.
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Franklin Income technical mutual fund 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, fund market cycles, or different charting patterns.