Franklin Servative Allocation Fund Market Value
| FTCRX Fund | USD 13.22 0.08 0.61% |
| Symbol | Franklin |
Franklin Servative '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 Servative'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 Servative.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Franklin Servative on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Franklin Servative Allocation or generate 0.0% return on investment in Franklin Servative over 30 days. Franklin Servative is related to or competes with Vanguard Wellesley, Vanguard Wellesley, Blackrock Multi, The Hartford, Hartford Balanced, The Hartford, and The Hartford. The fund is a fund of funds meaning that it seeks to achieve its investment goal by investing its assets primarily in ot... More
Franklin Servative 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 Servative'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 Servative Allocation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4798 | |||
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 2.31 | |||
| Value At Risk | (0.66) | |||
| Potential Upside | 0.6875 |
Franklin Servative Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Franklin Servative's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Franklin Servative's standard deviation. In reality, there are many statistical measures that can use Franklin Servative historical prices to predict the future Franklin Servative's volatility.| Risk Adjusted Performance | 0.0295 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.15) | |||
| Treynor Ratio | 0.0239 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Franklin Servative'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 Servative Backtested Returns
We consider Franklin Servative very steady. Franklin Servative secures Sharpe Ratio (or Efficiency) of 0.0339, which denotes the fund had a 0.0339% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Franklin Servative Allocation, which you can use to evaluate the volatility of the entity. Please confirm Franklin Servative's Mean Deviation of 0.339, semi deviation of 0.3992, and Downside Deviation of 0.4798 to check if the risk estimate we provide is consistent with the expected return of 0.0155%. The fund shows a Beta (market volatility) of 0.59, which means possible diversification benefits within a given portfolio. As returns on the market increase, Franklin Servative's returns are expected to increase less than the market. However, during the bear market, the loss of holding Franklin Servative is expected to be smaller as well.
Auto-correlation | 0.73 |
Good predictability
Franklin Servative Allocation has good predictability. Overlapping area represents the amount of predictability between Franklin Servative time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th 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 Servative price movement. The serial correlation of 0.73 indicates that around 73.0% of current Franklin Servative price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Franklin Servative lagged returns against current returns
Autocorrelation, which is Franklin Servative 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 Servative's mutual fund expected returns. We can calculate the autocorrelation of Franklin Servative returns to help us make a trade decision. For example, suppose you find that Franklin Servative 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 Servative 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 Servative mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Franklin Servative 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 Servative mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Franklin Servative Lagged Returns
When evaluating Franklin Servative's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Franklin Servative mutual fund have on its future price. Franklin Servative 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 Servative autocorrelation shows the relationship between Franklin Servative mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Franklin Servative Allocation.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Franklin Servative in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Franklin Servative's short interest history, or implied volatility extrapolated from Franklin Servative options trading.
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Franklin Servative 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.