# FRANKLIN Mutual Fund Volatility

FCISX Fund | USD 2.31 0.01 0.43% |

We consider FRANKLIN INCOME not too volatile. FRANKLIN INCOME FUND retains Efficiency (Sharpe Ratio) of 0.0297, which denotes the fund had 0.0297% of return per unit of risk over the last 3 months. Our approach towards predicting the volatility of a fund is to use all available market data together with fund-specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for FRANKLIN INCOME, which you can use to evaluate the future volatility of the entity. Please confirm FRANKLIN INCOME FUND coefficient of variation of (4,674), and Market Risk Adjusted Performance of 0.1863 to check if the risk estimate we provide is consistent with the expected return of 0.0159%.

FRANKLIN |

FRANKLIN INCOME Mutual Fund volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of FRANKLIN daily returns, and it is calculated using variance and standard deviation. We also use FRANKLIN's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of FRANKLIN INCOME volatility.

### 30 Days Market Risk

### Chance of Distress

### 30 Days Economic Sensitivity

Since volatility provides investors with entry points to take advantage of stock prices, companies, such as FRANKLIN INCOME can benefit from it. Downward market volatility can be a perfect environment for investors who play the long game. Here, they may decide to buy additional stocks of FRANKLIN INCOME at lower prices. For example, an investor can purchase FRANKLIN stock that has halved in price over a short period. This will lower your average cost per share, thereby improving your portfolio's performance when the markets normalize. Similarly, when the prices of FRANKLIN INCOME's stock rises, investors can sell out and invest the proceeds in other equities with better opportunities. Investing when markets are volatile with better valuations will accord both investors and companies the opportunity to generate better long-term returns.

## Moving together with FRANKLIN INCOME

+ | 0.88 | BALCX | AMERICAN BALANCED FUND | PairCorr | |||

+ | 0.88 | RLBBX | AMERICAN BALANCED FUND | PairCorr | |||

+ | 0.88 | ABALX | American Balanced | PairCorr | |||

+ | 0.87 | RLBCX | AMERICAN BALANCED FUND | PairCorr | |||

+ | 0.88 | CLBAX | AMERICAN BALANCED FUND | PairCorr | |||

+ | 0.95 | CLBEX | AMERICAN BALANCED FUND | PairCorr | |||

+ | 0.89 | RLBFX | AMERICAN BALANCED FUND | PairCorr |

## FRANKLIN INCOME Market Sensitivity And Downside Risk

FRANKLIN INCOME's beta coefficient measures the volatility of FRANKLIN mutual fund compared to the systematic risk of the entire stock market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents FRANKLIN mutual fund's returns against your selected market. In other words, FRANKLIN INCOME's beta of -0.12 provides an investor with an approximation of how much risk FRANKLIN INCOME mutual fund can potentially add to one of your existing portfolios.

FRANKLIN INCOME FUND exhibits very low volatility with skewness of 0.47 and kurtosis of 0.97. However, we advise investors to further study FRANKLIN INCOME FUND technical indicators to ensure that all market info is available and is reliable. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure FRANKLIN INCOME's mutual fund risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact FRANKLIN INCOME's mutual fund price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall. 3 Months Beta |Analyze FRANKLIN INCOME FUND Demand TrendCheck current 90 days FRANKLIN INCOME correlation with market (NYSE Composite)## FRANKLIN Beta |

FRANKLIN standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. Typical volatile equity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.

## Standard Deviation | 0.53 |

It is essential to understand the difference between upside risk (as represented by FRANKLIN INCOME's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of FRANKLIN INCOME's daily returns or price. Since the actual investment returns on holding a position in franklin mutual fund tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in FRANKLIN INCOME.

## FRANKLIN INCOME FUND Mutual Fund Volatility Analysis

Volatility refers to the frequency at which FRANKLIN INCOME fund price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with FRANKLIN INCOME's price changes. Investors will then calculate the volatility of FRANKLIN INCOME's mutual fund to predict their future moves. A fund that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A mutual fund with relatively stable price changes has low volatility. A highly volatile fund is riskier, but the risk cuts both ways. Investing in highly volatile security can either be highly successful, or you may experience significant failure. There are two main types of FRANKLIN INCOME's volatility:

### Historical Volatility

This type of fund volatility measures FRANKLIN INCOME's fluctuations based on previous trends. It's commonly used to predict FRANKLIN INCOME's future behavior based on its past. However, it cannot conclusively determine the future direction of the mutual fund.### Implied Volatility

This type of volatility provides a positive outlook on future price fluctuations for FRANKLIN INCOME's current market price. This means that the fund will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on FRANKLIN INCOME's to be redeemed at a future date.Transformation |

The output start index for this execution was zero with a total number of output elements of sixty-one. FRANKLIN INCOME FUND Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input..

## FRANKLIN INCOME Projected Return Density Against Market

Assuming the 90 days horizon FRANKLIN INCOME FUND has a beta of -0.1226 . This usually indicates as returns on benchmark increase, returns on holding FRANKLIN INCOME are expected to decrease at a much lower rate. During the bear market, however, FRANKLIN INCOME FUND is likely to outperform the market.Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to FRANKLIN INCOME or Franklin Templeton Investments sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that FRANKLIN INCOME's price will be affected by overall mutual fund market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a FRANKLIN fund's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.

The company has a negative alpha, implying that the risk taken by holding this instrument is not justified. FRANKLIN INCOME FUND is significantly underperforming NYSE Composite. Predicted Return Density |

Returns |

## What Drives a FRANKLIN INCOME Price Volatility?

Several factors can influence a fund's market volatility:### Industry

Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.### Political and Economic environment

When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.### The Company's Performance

Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract many investors to purchase the company. This positive attention will raise the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.## FRANKLIN INCOME Mutual Fund Risk Measures

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to FRANKLIN INCOME or Franklin Templeton Investments sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that FRANKLIN INCOME's price will be affected by overall mutual fund market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a FRANKLIN fund's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision. Assuming the 90 days horizon the coefficient of variation of FRANKLIN INCOME is 3365.22. The daily returns are distributed with a variance of 0.29 and standard deviation of 0.53. The mean deviation of FRANKLIN INCOME FUND is currently at 0.38. For similar time horizon, the selected benchmark (NYSE Composite) has volatility of 0.96

α | Alpha over NYSE Composite | -0.03 | |

β | Beta against NYSE Composite | -0.12 | |

σ | Overall volatility | 0.53 | |

Ir | Information ratio | 0.05 |

## FRANKLIN INCOME Mutual Fund Return Volatility

FRANKLIN INCOME historical daily return volatility represents how much of FRANKLIN INCOME fund's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The fund shows 0.5349% volatility of returns over 90 . By contrast, NYSE Composite accepts 0.9562% volatility on return distribution over the 90 days horizon. Performance (%) |

Timeline |

## About FRANKLIN INCOME Volatility

Volatility is a rate at which the price of FRANKLIN INCOME or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of FRANKLIN INCOME may increase or decrease. In other words, similar to FRANKLIN's beta indicator, it measures the risk of FRANKLIN INCOME and helps estimate the fluctuations that may happen in a short period of time. So if prices of FRANKLIN INCOME fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.

Please read more on our technical analysis page.## 3 ways to utilize FRANKLIN INCOME's volatility to invest better

Higher FRANKLIN INCOME's fund volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of FRANKLIN INCOME FUND fund is relatively stable. Investors and traders use stock volatility as an indicator of risk and potential reward, as stocks with higher volatility can offer the potential for more significant returns but also come with a greater risk of losses. FRANKLIN INCOME FUND fund volatility can provide helpful information for making investment decisions in the following ways:- Measuring Risk: Volatility can be used as a measure of risk, which can help you determine the potential fluctuations in the value of FRANKLIN INCOME FUND investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in FRANKLIN INCOME's fund can indicate that there is potential for significant price movements, either up or down, which could present investment opportunities.
- Diversification: Understanding how the volatility of FRANKLIN INCOME's fund relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.

## FRANKLIN INCOME Investment Opportunity

NYSE Composite has a standard deviation of returns of 0.96 and is 1.81 times more volatile than FRANKLIN INCOME FUND.**4**of all equities and portfolios are less risky than FRANKLIN INCOME. Compared to the overall equity markets, volatility of historical daily returns of FRANKLIN INCOME FUND is lower than

**4 ()**of all global equities and portfolios over the last 90 days. Use FRANKLIN INCOME FUND to enhance the returns of your portfolios. Benchmarks are essential to demonstrate the utility of optimization algorithms. The mutual fund experiences a normal upward fluctuation. Check odds of FRANKLIN INCOME to be traded at $2.43 in 90 days.

### Very good diversification

The correlation between FRANKLIN INCOME FUND and NYA is

**-0.22**(i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FRANKLIN INCOME FUND and NYA in the same portfolio, assuming nothing else is changed.## FRANKLIN INCOME Additional Risk Indicators

The analysis of FRANKLIN INCOME's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in FRANKLIN INCOME's investment and either accepting that risk or mitigating it. Along with some common measures of FRANKLIN INCOME mutual fund's risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.

Risk Adjusted Performance | (0.028217) | |||

Market Risk Adjusted Performance | 0.1863 | |||

Mean Deviation | 0.3932 | |||

Coefficient Of Variation | (4,674) | |||

Standard Deviation | 0.5428 | |||

Variance | 0.2946 | |||

Information Ratio | 0.0525 |

Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential mutual funds, we recommend comparing similar funds with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

## FRANKLIN INCOME Suggested Diversification Pairs

Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.

The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against FRANKLIN INCOME as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. FRANKLIN INCOME's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, FRANKLIN INCOME's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to FRANKLIN INCOME FUND.

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## Complementary Tools for analysis

When running FRANKLIN INCOME FUND price analysis, check to measure FRANKLIN INCOME'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 INCOME is operating at the current time. Most of FRANKLIN INCOME's value examination focuses on studying past and present price action to predict the probability of FRANKLIN INCOME's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move FRANKLIN INCOME's price. Additionally, you may evaluate how the addition of FRANKLIN INCOME to your portfolios can decrease your overall portfolio volatility.

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