Franklin Electric Co Stock Market Value
| FELE Stock | USD 102.05 0.61 0.60% |
| Symbol | Franklin |
Franklin Electric Price To Book Ratio
Is Franklin Electric's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Franklin Electric. If investors know Franklin will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Franklin Electric listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.02) | Dividend Share 0.9 | Earnings Share 4.11 | Revenue Per Share 44.7 | Quarterly Revenue Growth (0.03) |
The market value of Franklin Electric 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 Electric's value that differs from its market value or its book value, called intrinsic value, which is Franklin Electric'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 Electric's market value can be influenced by many factors that don't directly affect Franklin Electric'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 Electric's value and its price as these two are different measures arrived at by different means. Investors typically determine if Franklin Electric is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Franklin Electric'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 Electric '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 Electric's stock 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 Electric.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Franklin Electric on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding Franklin Electric Co or generate 0.0% return on investment in Franklin Electric over 30 days. Franklin Electric is related to or competes with Emerson Electric, Eaton PLC, Generac Holdings, Cummins, and Rockwell Automation. Franklin Electric Co., Inc., together with its subsidiaries, designs, manufactures, and distributes water and fuel pumpi... More
Franklin Electric 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 Electric's stock 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 Electric Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.49 | |||
| Information Ratio | 0.0487 | |||
| Maximum Drawdown | 6.76 | |||
| Value At Risk | (1.96) | |||
| Potential Upside | 2.32 |
Franklin Electric Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Franklin Electric's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Franklin Electric's standard deviation. In reality, there are many statistical measures that can use Franklin Electric historical prices to predict the future Franklin Electric's volatility.| Risk Adjusted Performance | 0.0752 | |||
| Jensen Alpha | 0.022 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0425 | |||
| Treynor Ratio | 0.0895 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Franklin Electric'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 Electric Backtested Returns
We consider Franklin Electric very steady. Franklin Electric secures Sharpe Ratio (or Efficiency) of 0.0942, which denotes the company had a 0.0942% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Franklin Electric Co, which you can use to evaluate the volatility of the firm. Please confirm Franklin Electric's Semi Deviation of 1.3, mean deviation of 0.9481, and Downside Deviation of 1.49 to check if the risk estimate we provide is consistent with the expected return of 0.12%. Franklin Electric has a performance score of 7 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.55, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Franklin Electric will likely underperform. Franklin Electric right now shows a risk of 1.29%. Please confirm Franklin Electric sortino ratio, semi variance, and the relationship between the information ratio and value at risk , to decide if Franklin Electric will be following its price patterns.
Auto-correlation | 0.28 |
Poor predictability
Franklin Electric Co has poor predictability. Overlapping area represents the amount of predictability between Franklin Electric time series from 24th of March 2024 to 8th of April 2024 and 8th of April 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 Electric price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Franklin Electric price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 1.15 |
Franklin Electric lagged returns against current returns
Autocorrelation, which is Franklin Electric stock'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 Electric's stock expected returns. We can calculate the autocorrelation of Franklin Electric returns to help us make a trade decision. For example, suppose you find that Franklin Electric 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 price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Franklin Electric 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 Electric stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Franklin Electric stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Franklin Electric stock over time.
Current vs Lagged Prices |
| Timeline |
Franklin Electric Lagged Returns
When evaluating Franklin Electric's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Franklin Electric stock have on its future price. Franklin Electric 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 Electric autocorrelation shows the relationship between Franklin Electric stock current value and its past values and can show if there is a momentum factor associated with investing in Franklin Electric Co.
Regressed Prices |
| Timeline |
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Complementary Tools for Franklin Stock analysis
When running Franklin Electric's price analysis, check to measure Franklin Electric'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 Electric is operating at the current time. Most of Franklin Electric's value examination focuses on studying past and present price action to predict the probability of Franklin Electric's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Franklin Electric's price. Additionally, you may evaluate how the addition of Franklin Electric to your portfolios can decrease your overall portfolio volatility.
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Franklin Electric technical stock 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.