Franklin Mutual Fund Market Value

FCISX -  USA Fund  

USD 2.42  0.02  0.83%

Franklin Income's market value is the price at which a share of Franklin Income stock trades on a public exchange. It measures the collective expectations of Franklin Income investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Franklin Income and determine expected loss or profit from investing in Franklin Income over a given investment horizon. Please check Franklin Income Hype Analysis, Franklin Income Correlation, Portfolio Optimization, Franklin Income Volatility, as well as analyze Franklin Income Alpha and Beta and Franklin Income Performance.
Symbol
Backtest

Please note, there is a significant difference between Franklin Income's value and its price as these two are different measures arrived at by different means. Investors typically determine Franklin Income value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Franklin Income'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 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.
0.00
04/17/2022
No Change 0.00  0.0 
In 30 days
05/17/2022
0.00
If you would invest  0.00  in Franklin Income on April 17, 2022 and sell it all today you would earn a total of 0.00 from holding Franklin Income or generate 0.0% return on investment in Franklin Income over 30 days. Franklin Income is related to or competes with Franklin Income, Franklin Income, Franklin Income, and Franklin Income. The investment seeks to maximize income while maintaining prospects for capital appreciation

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 upside and downside potential and time the market with a certain degree of confidence.

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.
Sophisticated investors, who have witnessed many market ups and downs, frequently view 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. Please use the tools below to analyze the current value of Franklin Income in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
1.782.423.06
Details
Intrinsic
Valuation
LowReal ValueHigh
1.802.443.08
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Franklin Income. Your research has to be compared to or analyzed against Franklin Income's peers to derive any actionable benefits. When done correctly, Franklin Income's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Franklin Income.

Franklin Income Backtested Returns

Franklin Income secures Sharpe Ratio (or Efficiency) of -0.0991, which denotes the fund had -0.0991% of return per unit of standard deviation over the last 3 months. Macroaxis philosophy in predicting the risk of any fund is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Franklin Income exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Franklin Income mean deviation of 0.4741 to check the risk estimate we provide.
The fund shows a Beta (market volatility) of -0.0489, which means not very significant fluctuations relative to the market. Let's try to break down what Franklin's beta means in this case. As returns on the market increase, returns on owning Franklin Income are expected to decrease at a much lower rate. During the bear market, Franklin Income is likely to outperform the market. Even though it is essential to pay attention to Franklin Income historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy in predicting any fund's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Franklin Income exposes twenty-one different technical indicators, which can help you to evaluate its performance.

Auto-correlation

    
  0.79  

Good predictability

Franklin Income has good predictability. Overlapping area represents the amount of predictability between Franklin Income time series from 17th of April 2022 to 2nd of May 2022 and 2nd of May 2022 to 17th of May 2022. 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 Income price movement. The serial correlation of 0.79 indicates that around 79.0% of current Franklin Income price fluctuation can be explain by its past prices.
Correlation Coefficient0.79
Spearman Rank Test0.32
Residual Average0.0
Price Variance0.0

Franklin Income 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 mutual fund has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
 Current and Lagged Values 
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      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 
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      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.
 Regressed Prices 
Share
      Timeline 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Franklin Income without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Franklin Income using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

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Please check Franklin Income Hype Analysis, Franklin Income Correlation, Portfolio Optimization, Franklin Income Volatility, as well as analyze Franklin Income Alpha and Beta and Franklin Income Performance. Note that the Franklin Income information on this page should be used as a complementary analysis to other Franklin Income's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.

Complementary Tools for Franklin Mutual Fund analysis

When running Franklin Income price analysis, check to measure Franklin Income's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Franklin Income is operating at the current time. Most of Franklin Income's value examination focuses on studying past and present price action to predict the probability of Franklin Income's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Franklin Income's price. Additionally, you may evaluate how the addition of Franklin Income to your portfolios can decrease your overall portfolio volatility.
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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, stock market cycles, or different charting patterns.
A focus of Franklin Income technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Franklin Income 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...