Franklin New Competition

FNYZX Fund

USD 10.81 0.01 0.09%

Franklin New York competes with Franklin Mutual, Templeton Developing, Franklin Mutual, Franklin Mutual, and Franklin Mutual; as well as few others. The fund is listed under Muni New York Intermediate category and is part of Franklin Templeton Investments family. Analyzing Franklin New competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Franklin New to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Franklin New Correlation with its peers.

You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Franklin New competition on your existing holdings.

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Hype

Prediction

Low	Estimated	High
10.63	10.81	10.99

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Intrinsic

Valuation

Low	Real	High
10.36	10.54	11.89

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Naive

Forecast

Low	Next	High
10.63	10.82	11.00

Details

Bollinger

Band Projection (param)

Lower	Middle Band	Upper
10.81	10.81	10.81

Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Franklin New. Your research has to be compared to or analyzed against Franklin New's peers to derive any actionable benefits. When done correctly, Franklin New's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Franklin New York.

Franklin New Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Franklin New and its competitors represents the degree of relationship between the price movements of corresponding funds. A correlation of about +1.0 implies that the price of Franklin and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Franklin New York does not affect the price movement of the other competitor.

	TEBIX	TEDMX	TEDIX	TEDSX	TEDRX	TEFRX	TEFTX	TEGBX	TEGRX	TEMFX
TEBIX		0.13	0.61	0.59	0.61	0.02	0.02	-0.19	0.73	0.02	TEBIX
TEDMX	0.13		0.54	0.51	0.52	0.54	0.53	-0.03	0.54	0.55	TEDMX
TEDIX	0.61	0.54		1.0	1.0	0.76	0.76	0.45	0.78	0.76	TEDIX
TEDSX	0.59	0.51	1.0		1.0	0.79	0.78	0.49	0.76	0.78	TEDSX
TEDRX	0.61	0.52	1.0	1.0		0.77	0.77	0.46	0.77	0.77	TEDRX
TEFRX	0.02	0.54	0.76	0.79	0.77		1.0	0.74	0.43	1.0	TEFRX
TEFTX	0.02	0.53	0.76	0.78	0.77	1.0		0.75	0.42	1.0	TEFTX
TEGBX	-0.19	-0.03	0.45	0.49	0.46	0.74	0.75		-0.01	0.74	TEGBX
TEGRX	0.73	0.54	0.78	0.76	0.77	0.43	0.42	-0.01		0.43	TEGRX
TEMFX	0.02	0.55	0.76	0.78	0.77	1.0	1.0	0.74	0.43		TEMFX
	TEBIX	TEDMX	TEDIX	TEDSX	TEDRX	TEFRX	TEFTX	TEGBX	TEGRX	TEMFX

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High positive correlations

TEDSX	+ 1.0	TEDIX
TEDRX	+ 1.0	TEDIX
TEDRX	+ 1.0	TEDSX
TEFTX	+ 1.0	TEFRX
TEMFX	+ 1.0	TEFRX
TEMFX	+ 1.0	TEFTX

High negative correlations

TEGBX	- 0.19	TEBIX
TEGBX	- 0.03	TEDMX
TEGRX	- 0.01	TEGBX

Risk-Adjusted Indicators

There is a big difference between Franklin Mutual Fund performing well and Franklin New Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Franklin New's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TEBIX	0.49	(0.05)	(0.15)	0.04	0.57	(0.52)	0.88	(1.01)	2.80
TEDMX	0.88	(0.04)	(0.10)	0.04	0.98	(1.10)	1.87	(2.00)	6.20
TEDIX	0.51	(0.08)	(0.18)	0.00	0.65	(0.51)	1.13	(1.05)	2.77
TEDSX	0.51	(0.08)	(0.18)	0.00	0.66	(0.50)	1.13	(1.05)	2.76
TEDRX	0.51	(0.08)	(0.18)	0.00	0.66	(0.50)	1.12	(1.08)	2.76
TEFRX	0.82	(0.14)	0.00	(0.16)	0.00	0.00	1.92	(2.08)	5.42
TEFTX	0.83	(0.15)	0.00	(0.17)	0.00	0.00	1.87	(2.10)	5.46
TEGBX	0.46	(0.10)	0.00	4.42	0.00	0.00	0.83	(1.00)	2.75
TEGRX	0.57	(0.10)	(0.17)	(0.01)	0.70	(0.64)	1.23	(0.88)	3.31
TEMFX	0.81	(0.15)	0.00	(0.16)	0.00	0.00	1.87	(2.14)	5.45

Unable to evaluate fundamental data of [TEBIX, TEDMX, TEDIX, TEDSX, TEDRX, TEFRX, TEFTX, TEGBX, TEGRX, TEMFX] at this time. Please try again later

All Fundamental Data

Franklin New Competitive Analysis

The better you understand Franklin New competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Franklin New's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Franklin New's competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

View Performance Chart

	FNYZX	TEBIX	TEDMX	TEDIX	TEDSX	TEDRX	TEFRX	TEFTX	TEGBX	TEGRX
	0.09 10.81 Franklin	0.58 17.32 Franklin	0.05 19.52 Templeton	0.44 31.75 Franklin	0.44 31.79 Franklin	0.45 31.11 Franklin	0.26 7.86 Templeton	0.12 8.05 Templeton	0.15 6.86 Templeton	0.40 27.31 Templeton
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Not too volatile	Not too volatile	Very steady	Very steady
Market Performance (90 Days Performance)	Very Weak	Weak	Very Weak	Very Weak	Very Weak	Very Weak	Very Weak	Very Weak	Very Weak	Very Weak
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Over Valued	Fairly Valued	Fairly Valued	Fairly Valued	Fairly Valued	Fairly Valued	Fairly Valued	Fairly Valued	Fairly Valued	Fairly Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Cautious Hold	Strong Hold	Strong Hold	Strong Hold	Strong Hold	Strong Hold	Strong Hold	Strong Hold	Hold	Buy
Net Asset	961.37 M	3 B	1.09 B	8.95 B	8.95 B	19.15 B	6.51 B	2.76 B	5.24 B	13.71 B
Price To Book	N/A	1.58	1.78	1.35	1.35	1.35	1.03	0.96	N/A	1.11
Five Year Return	0.77	7.28	2.85	7.73	6.78	7.2	4.55	3.89	-4.41	5.56
One Year Return	5.44	19.06	13.23	14.11	13.51	14.49	6.78	5.59	-2.56	15.55
Last Dividend Paid	0.02	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0.04	N/A
Price To Earning	N/A	17.15	14.88	15.88	15.88	15.88	12.99	11.85	N/A	5.12
Price To Sales	N/A	1.51	1.33	1.13	1.13	1.13	0.76	0.71	N/A	0.81
Cash Position Weight	0.64	-0.3	2.8	0.28	0.28	0.28	1.53	1.53	28.55	1.48
Equity Positions Weight	N/A	100.2	97.2	99.17	99.17	99.17	98.47	98.47	N/A	98.52
Three Year Return	-0.38	4.61	-2.02	7.63	6.33	6.37	4.19	3.32	-4.27	4.87
Annual Yield	0.0028	0.0158	0.0349	0.0138	0.0051	0.0117	0.0218	0.0148	0.0049	0.0101
Year To Date Return	1.19	12.01	9.77	8.07	6.89	6.9	0.26	0.25	1.99	8.37
Bond Positions Weight	0.25	N/A	N/A	N/A	N/A	N/A	N/A	N/A	55.19	N/A
Ten Year Return	3.26	7.5	2.62	5.31	4.55	5.07	2.6	2.08	2.19	5.42
Day Typical Price	10.81	17.32	19.52	31.75	31.79	31.11	7.86	8.05	6.86	27.31
Daily Balance Of Power	9.2 T	9.2 T	(9,223,372,036,855)	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T	(9,223,372,036,855)	9.2 T
Period Momentum Indicator	0.01	0.1	(0.01)	0.14	0.14	0.14	0.02	0.01	(0.01)	0.11
Rate Of Daily Change	1.0	1.01	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0
Day Median Price	10.81	17.32	19.52	31.75	31.79	31.11	7.86	8.05	6.86	27.31
Price Action Indicator	0.005	0.05	(0.01)	0.07	0.07	0.07	0.01	0.005	(0.01)	0.055
Relative Strength Index	37.52	64.39	55.89	57.82	57.51	57.67	49.48	49.12	44.39	60.39
Coefficient Of Variation	6050.64	1612.1	4120.3	6617.23	9417.41	7229.49	(1,481)	(1,427)	(638.27)	12246.06
Mean Deviation	0.1102	0.4943	0.8765	0.5107	0.5096	0.5094	0.8184	0.8291	0.4635	0.5742
Jensen Alpha	7.0E-4	(0.05)	(0.04)	(0.08)	(0.08)	(0.08)	(0.14)	(0.15)	(0.1)	(0.1)
Total Risk Alpha	(0.04)	(0.07)	(0.17)	(0.10)	(0.10)	(0.10)	(0.25)	(0.26)	(0.20)	(0.12)
Sortino Ratio	(0.47)	(0.15)	(0.1)	(0.18)	(0.18)	(0.18)	N/A	N/A	N/A	(0.17)
Downside Variance	0.0745	0.4006	1.14	0.4649	0.468	0.4708	N/A	N/A	N/A	0.5434
Standard Deviation	0.1794	0.6153	1.19	0.6401	0.639	0.6399	1.08	1.09	0.59	0.7277
Kurtosis	5.77	(0.18)	1.49	(0.24)	(0.25)	(0.24)	0.6659	0.5918	0.5438	0.5983
Potential Upside	0.1864	0.8834	1.87	1.13	1.13	1.12	1.92	1.87	0.8264	1.23
Treynor Ratio	0.1096	0.0426	0.0388	(0.0005)	(0)	(0)	(0.16)	(0.17)	4.42	(0.01)
Maximum Drawdown	1.02	2.8	6.2	2.77	2.76	2.76	5.42	5.46	2.75	3.31
Variance	0.0322	0.3786	1.41	0.4097	0.4083	0.4095	1.17	1.19	0.3481	0.5296
Market Risk Adjusted Performance	0.1196	0.0526	0.0488	0.0095	0.005	0.0082	(0.15)	(0.16)	4.43	0.0049
Risk Adjusted Performance	(0.02)	0.0451	0.0221	0.0096	0.0061	0.0086	(0.05)	(0.05)	(0.12)	0.0057
Skewness	(1.18)	0.0275	0.6217	(0.08)	(0.09)	(0.12)	0.1051	0.0677	0.615	(0.18)
Semi Deviation	0.1646	0.5678	0.9784	0.6519	0.6564	0.6567	N/A	N/A	N/A	0.7005
Information Ratio	(0.71)	(0.15)	(0.09)	(0.19)	(0.19)	(0.19)	(0.19)	(0.19)	(0.38)	(0.17)
Value At Risk	(0.28)	(1.01)	(2.00)	(1.05)	(1.05)	(1.08)	(2.08)	(2.10)	(1.00)	(0.88)
Expected Short fall	(0.16)	(0.52)	(1.10)	(0.51)	(0.50)	(0.50)	N/A	N/A	N/A	(0.64)
Downside Deviation	0.2729	0.6329	1.07	0.6819	0.6841	0.6862	N/A	N/A	N/A	0.7372
Semi Variance	0.0271	0.3224	0.9572	0.425	0.4308	0.4313	N/A	N/A	N/A	0.4907

Franklin New Competition Performance Charts

Five steps to successful analysis of Franklin New Competition

Franklin New's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Franklin New York in relation to its competition. Franklin New's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Franklin New in the market, both direct and indirect, as well as new entrants and disruptive technologies.
Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Franklin New's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Franklin New York, and developing a strategy to address them.
Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.

Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Franklin New position

In addition to having Franklin New in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Agriculture theme has 30 constituents at this time.

You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Agriculture Theme or any other thematic opportunities.

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Franklin New financial ratios help investors to determine whether Franklin Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Franklin with respect to the benefits of owning Franklin New security.

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Franklin New Competition

Specify up to 10 symbols:

Franklin New Competition Correlation Matrix

Risk-Adjusted Indicators

Franklin New Competitive Analysis

Franklin New Competition Performance Charts

Five steps to successful analysis of Franklin New Competition

Complement your Franklin New position

Did You Try This Idea?

Run Agriculture Thematic Idea Now

Agriculture

Other Information on Investing in Franklin Mutual Fund

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