Franklin Strategic Mortgage Fund Market Value
| FSMFX Fund | USD 7.52 0.01 0.13% |
| Symbol | Franklin |
Franklin Strategic '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 Strategic'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 Strategic.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Franklin Strategic on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding Franklin Strategic Mortgage or generate 0.0% return on investment in Franklin Strategic over 30 days. Franklin Strategic is related to or competes with Franklin Mutual, Templeton Developing, Franklin Mutual, Franklin Mutual, Franklin Mutual, Templeton Foreign, and Templeton Foreign. The fund invests at least 80 percent of its net assets in mortgage securities More
Franklin Strategic 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 Strategic'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 Strategic Mortgage upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 2.21 | |||
| Value At Risk | (0.90) | |||
| Potential Upside | 0.6502 |
Franklin Strategic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Franklin Strategic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Franklin Strategic's standard deviation. In reality, there are many statistical measures that can use Franklin Strategic historical prices to predict the future Franklin Strategic's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | (0.17) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Franklin Strategic'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 Strategic Backtested Returns
Franklin Strategic secures Sharpe Ratio (or Efficiency) of -0.0646, which denotes the fund had a -0.0646% return per unit of standard deviation over the last 3 months. Franklin Strategic Mortgage exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Franklin Strategic's Coefficient Of Variation of (1,194), standard deviation of 0.4626, and Mean Deviation of 0.3629 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.29, which means not very significant fluctuations relative to the market. As returns on the market increase, Franklin Strategic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Franklin Strategic is expected to be smaller as well.
Auto-correlation | 0.52 |
Modest predictability
Franklin Strategic Mortgage has modest predictability. Overlapping area represents the amount of predictability between Franklin Strategic 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 Strategic price movement. The serial correlation of 0.52 indicates that about 52.0% of current Franklin Strategic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Franklin Strategic lagged returns against current returns
Autocorrelation, which is Franklin Strategic 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 Strategic's mutual fund expected returns. We can calculate the autocorrelation of Franklin Strategic returns to help us make a trade decision. For example, suppose you find that Franklin Strategic 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 Strategic 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 Strategic mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Franklin Strategic 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 Strategic mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Franklin Strategic Lagged Returns
When evaluating Franklin Strategic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Franklin Strategic mutual fund have on its future price. Franklin Strategic 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 Strategic autocorrelation shows the relationship between Franklin Strategic mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Franklin Strategic Mortgage.
Regressed Prices |
| Timeline |
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Franklin Strategic 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.