Franklin Government Money Fund Market Value
| FRQXX Fund | USD 1.00 0.00 0.00% |
| Symbol | Franklin |
Please note, there is a significant difference between Franklin Government's value and its price as these two are different measures arrived at by different means. Investors typically determine if Franklin Government is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Franklin Government'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 Government '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 Government's money market 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 Government.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Franklin Government on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Franklin Government Money or generate 0.0% return on investment in Franklin Government over 30 days. Franklin Government is related to or competes with Vanguard Total, Vanguard 500, Vanguard Total, Vanguard Total, Vanguard Total, Vanguard Total, and Vanguard 500. Franklin Government is entity of United States More
Franklin Government 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 Government's money market 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 Government Money upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.64) | |||
| Maximum Drawdown | 1.01 |
Franklin Government Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Franklin Government's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Franklin Government's standard deviation. In reality, there are many statistical measures that can use Franklin Government historical prices to predict the future Franklin Government's volatility.| Risk Adjusted Performance | 0.0366 | |||
| Jensen Alpha | 0.0033 | |||
| Total Risk Alpha | (0.01) | |||
| Treynor Ratio | 0.2248 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Franklin Government'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 Government Money Backtested Returns
We consider Franklin Government not too volatile. Franklin Government Money secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the fund had a 0.13% return per unit of standard deviation over the last 3 months. We have found seventeen technical indicators for Franklin Government Money, which you can use to evaluate the volatility of the entity. Please confirm Franklin Government's Standard Deviation of 0.1243, coefficient of variation of 812.4, and Mean Deviation of 0.0301 to check if the risk estimate we provide is consistent with the expected return of 0.0163%. The fund shows a Beta (market volatility) of 0.0236, which means not very significant fluctuations relative to the market. As returns on the market increase, Franklin Government's returns are expected to increase less than the market. However, during the bear market, the loss of holding Franklin Government is expected to be smaller as well.
Auto-correlation | 0.00 |
No correlation between past and present
Franklin Government Money has no correlation between past and present. Overlapping area represents the amount of predictability between Franklin Government time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th 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 Government Money price movement. The serial correlation of 0.0 indicates that just 0.0% of current Franklin Government price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Franklin Government Money lagged returns against current returns
Autocorrelation, which is Franklin Government money market 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 Government's money market fund expected returns. We can calculate the autocorrelation of Franklin Government returns to help us make a trade decision. For example, suppose you find that Franklin Government has exhibited high autocorrelation historically, and you observe that the money market 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 Government 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 Government money market fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Franklin Government money market fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Franklin Government money market fund over time.
Current vs Lagged Prices |
| Timeline |
Franklin Government Lagged Returns
When evaluating Franklin Government's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Franklin Government money market fund have on its future price. Franklin Government 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 Government autocorrelation shows the relationship between Franklin Government money market fund current value and its past values and can show if there is a momentum factor associated with investing in Franklin Government Money.
Regressed Prices |
| Timeline |
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Franklin Government technical money market 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.