Franklin Templeton Smacs Fund Market Value
| FQTHX Fund | USD 9.10 0.03 0.33% |
| Symbol | Franklin |
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 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 Templeton.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Franklin Templeton on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Franklin Templeton Smacs or generate 0.0% return on investment in Franklin Templeton over 30 days. Franklin Templeton is related to or competes with Franklin Mutual, Templeton Developing, Franklin Mutual, Franklin Mutual, Franklin Mutual, Templeton Foreign, and Templeton Foreign. Under normal market conditions, the fund invests substantially all of its net assets in securities whose interest is fre... 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 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 Templeton Smacs upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3621 | |||
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 1.54 | |||
| Value At Risk | (0.45) | |||
| Potential Upside | 0.5447 |
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.| Risk Adjusted Performance | 0.0186 | |||
| Jensen Alpha | 0.0033 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.15) | |||
| Treynor Ratio | 0.4611 |
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.
Franklin Templeton Smacs Backtested Returns
We consider Franklin Templeton very steady. Franklin Templeton Smacs secures Sharpe Ratio (or Efficiency) of 0.14, which denotes the fund had a 0.14% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Franklin Templeton Smacs, which you can use to evaluate the volatility of the entity. Please confirm Franklin Templeton's Downside Deviation of 0.3621, semi deviation of 0.2226, and Mean Deviation of 0.1848 to check if the risk estimate we provide is consistent with the expected return of 0.0362%. The fund shows a Beta (market volatility) of 0.0081, 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 | 0.36 |
Below average predictability
Franklin Templeton Smacs has below average predictability. Overlapping area represents the amount of predictability between Franklin Templeton time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th 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 Templeton Smacs price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Franklin Templeton price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Franklin Templeton Smacs lagged returns against current returns
Autocorrelation, which is Franklin Templeton 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 Templeton's mutual fund 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 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 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 mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Franklin Templeton 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 Templeton mutual fund 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 mutual fund 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 mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Franklin Templeton Smacs.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out Franklin Templeton Correlation, Franklin Templeton Volatility and Franklin Templeton Alpha and Beta module to complement your research on Franklin Templeton. Note that the Franklin Templeton Smacs information on this page should be used as a complementary analysis to other Franklin Templeton'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 the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Franklin Templeton 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.