Franklin Equity Income Fund Market Value
| FEIQX Fund | USD 30.58 0.16 0.52% |
| Symbol | Franklin |
Franklin Equity '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 Equity'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 Equity.
| 03/17/2024 |
| 04/16/2024 |
If you would invest 0.00 in Franklin Equity on March 17, 2024 and sell it all today you would earn a total of 0.00 from holding Franklin Equity Income or generate 0.0% return on investment in Franklin Equity over 30 days. Franklin Equity is related to or competes with Franklin Mutual, Templeton Developing, Franklin Mutual, Franklin Mutual, Franklin Mutual, Templeton Foreign, and Templeton Foreign. The fund normally invests at least 80 percent of its net assets in equity securities, including securities convertible i... More
Franklin Equity 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 Equity'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 Equity Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6499 | |||
| Information Ratio | 0.0153 | |||
| Maximum Drawdown | 2.82 | |||
| Value At Risk | (1.01) | |||
| Potential Upside | 1.06 |
Franklin Equity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Franklin Equity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Franklin Equity's standard deviation. In reality, there are many statistical measures that can use Franklin Equity historical prices to predict the future Franklin Equity's volatility.| Risk Adjusted Performance | 0.076 | |||
| Jensen Alpha | 0.0144 | |||
| Total Risk Alpha | 0.0125 | |||
| Sortino Ratio | 0.0138 | |||
| Treynor Ratio | 0.0688 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Franklin Equity'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 Equity Me Backtested Returns
We consider Franklin Equity very steady. Franklin Equity Me secures Sharpe Ratio (or Efficiency) of 0.18, which denotes the fund had a 0.18% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Franklin Equity Income, which you can use to evaluate the volatility of the entity. Please confirm Franklin Equity's Semi Deviation of 0.5504, downside deviation of 0.6499, and Mean Deviation of 0.4568 to check if the risk estimate we provide is consistent with the expected return of 0.1%. The fund shows a Beta (market volatility) of 0.9, which means possible diversification benefits within a given portfolio. Franklin Equity returns are very sensitive to returns on the market. As the market goes up or down, Franklin Equity is expected to follow.
Auto-correlation | -0.66 |
Very good reverse predictability
Franklin Equity Income has very good reverse predictability. Overlapping area represents the amount of predictability between Franklin Equity time series from 17th of March 2024 to 1st of April 2024 and 1st of April 2024 to 16th 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 Equity Me price movement. The serial correlation of -0.66 indicates that around 66.0% of current Franklin Equity price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.66 | |
| Spearman Rank Test | -0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Franklin Equity Me lagged returns against current returns
Autocorrelation, which is Franklin Equity 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 Equity's mutual fund expected returns. We can calculate the autocorrelation of Franklin Equity returns to help us make a trade decision. For example, suppose you find that Franklin Equity 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 Equity 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 Equity mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Franklin Equity 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 Equity mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Franklin Equity Lagged Returns
When evaluating Franklin Equity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Franklin Equity mutual fund have on its future price. Franklin Equity 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 Equity autocorrelation shows the relationship between Franklin Equity mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Franklin Equity Income.
Regressed Prices |
| Timeline |
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Franklin Equity 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.