Franklin California Competition

FTFQX Fund

USD 6.90 0.01 0.15%

Franklin California Tax competes with Columbia Small, Small Cap, Ab Discovery, Valic Company, and Amg River; as well as few others. The fund is listed under Muni California Long category and is part of Franklin Templeton Investments family. Analyzing Franklin California 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 California to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Franklin California 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 California competition on your existing holdings.

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Hype

Prediction

Low	Estimated	High
6.64	6.90	7.16

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Intrinsic

Valuation

Low	Real	High
6.64	6.90	7.16

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Naive

Forecast

Low	Next	High
6.66	6.91	7.17

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Bollinger

Band Projection (param)

Lower	Middle Band	Upper
6.90	6.90	6.90

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Franklin California Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Franklin California 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 California Tax does not affect the price movement of the other competitor.

	CVVRX	LRSFX	ABYSX	VVSCX	ARSMX	HFMDX	BPSCX	VISVX
CVVRX		0.96	0.99	0.98	0.92	0.93	0.98	0.99	CVVRX
LRSFX	0.96		0.96	0.98	0.91	0.87	0.99	0.94	LRSFX
ABYSX	0.99	0.96		0.97	0.92	0.95	0.97	0.98	ABYSX
VVSCX	0.98	0.98	0.97		0.9	0.88	0.99	0.96	VVSCX
ARSMX	0.92	0.91	0.92	0.9		0.88	0.92	0.94	ARSMX
HFMDX	0.93	0.87	0.95	0.88	0.88		0.89	0.96	HFMDX
BPSCX	0.98	0.99	0.97	0.99	0.92	0.89		0.97	BPSCX
VISVX	0.99	0.94	0.98	0.96	0.94	0.96	0.97		VISVX
	CVVRX	LRSFX	ABYSX	VVSCX	ARSMX	HFMDX	BPSCX	VISVX

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Risk-Adjusted Indicators

There is a big difference between Franklin Mutual Fund performing well and Franklin California 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 California'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
CVVRX	0.91	0.01	0.06	0.13	0.74	(1.11)	2.21	(1.42)	6.23
LRSFX	0.93	(0.02)	0.04	0.11	0.83	(1.12)	2.15	(1.41)	7.23
ABYSX	0.82	(0.02)	0.02	0.10	0.82	(1.00)	1.94	(1.80)	5.95
VVSCX	0.94	(0.03)	0.03	0.10	0.81	(1.18)	2.02	(1.77)	8.16
ARSMX	0.73	0.14	0.05	1.16	0.48	(0.96)	1.96	(0.92)	5.55
HFMDX	0.93	0.01	0.04	0.13	0.99	(1.07)	2.13	(1.56)	6.45
BPSCX	0.87	(0.01)	0.05	0.12	0.74	(1.10)	1.80	(1.26)	7.51
VISVX	0.75	0.01	0.04	0.13	0.62	(0.84)	1.67	(1.35)	5.74

Unable to evaluate fundamental data of [CVVRX, LRSFX, ABYSX, VVSCX, ARSMX, HFMDX, BPSCX, VISVX] at this time. Please try again later

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Franklin California Competitive Analysis

The better you understand Franklin California competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Franklin California'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 California's competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

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	FTFQX	CVVRX	LRSFX	ABYSX	VVSCX	ARSMX	HFMDX	BPSCX	VISVX
	0.15 6.90 Franklin	2.03 57.92 Columbia	1.81 18.56 Small	1.56 26.06 ABYSX	1.69 13.82 Valic	1.35 10.94 Amg	2.54 28.26 Hennessy	1.77 29.34 Boston	1.36 51.30 Vanguard
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	Weak	OK	OK	OK	Modest	Good	OK	OK	OK
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Fairly Valued	Under 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
Trade Advice (90 Days Macroaxis Advice)	Strong Sell	Hold	Hold	Hold	Hold	Cautious Hold	Hold	Hold	Cautious Hold
Net Asset	13.66 B	693.95 M	1.15 B	3.49 B	488.09 M	269.94 M	462.15 M	637.92 M	30.41 B
Minimum Initial Investment	N/A	N/A	N/A	N/A	N/A	N/A	N/A	2.5 K	N/A
Price To Book	N/A	1.16	2.16	1.51	N/A	1.49	2.8	1.55	1.72
Five Year Return	1.0	12.27	8.57	10.01	N/A	9.18	23.92	9.28	11.34
One Year Return	7.21	24.35	30.06	28.23	N/A	24.52	48.67	27.56	29.47
Last Dividend Paid	0.02	0.06	N/A	0.16	0.1	0.01	N/A	0.08	0.03
Price To Earning	N/A	15.95	20.22	16.51	N/A	18.21	1.85	15.42	8.27
Price To Sales	N/A	1.0	1.34	0.83	N/A	0.77	0.64	0.71	0.93
Cash Position Weight	0.72	0.79	N/A	0.72	2.64	1.61	2.01	1.79	0.79
Equity Positions Weight	N/A	99.21	100.0	99.28	97.36	98.39	97.99	98.21	99.21
Three Year Return	-0.54	5.32	5.13	3.52	N/A	6.92	20.88	5.25	6.36
Annual Yield	0.0028	0.0054	0.0022	0.0062	0.0162	0.001	N/A	0.006	0.0189
Year To Date Return	2.66	9.75	17.52	13.78	N/A	15.15	37.72	15.55	16.75
Bond Positions Weight	2.29	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Ten Year Return	4.62	6.23	5.71	6.93	N/A	8.78	7.51	6.24	8.09
Day Typical Price	6.9	57.92	18.56	26.06	13.82	10.94	28.26	29.34	51.3
Daily Balance Of Power	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T	(9,223,372,036,855)	9.2 T	9.2 T	9.2 T
Period Momentum Indicator	0.01	1.15	0.33	0.4	0.23	(0.15)	0.7	0.51	0.69
Rate Of Daily Change	1.0	1.02	1.02	1.02	1.02	0.99	1.03	1.02	1.01
Day Median Price	6.9	57.92	18.56	26.06	13.82	10.94	28.26	29.34	51.3
Price Action Indicator	0.005	0.57	0.16	0.2	0.12	(0.07)	0.35	0.26	0.34
Relative Strength Index	46.56	24.7	22.06	35.02	11.12	20.74	12.46	9.95	15.83
Coefficient Of Variation	5373.76	661.36	769.68	791.14	842.16	598.94	713.28	712.17	618.99
Mean Deviation	0.1466	0.9061	0.9258	0.8235	0.9361	0.7252	0.9315	0.868	0.7462
Jensen Alpha	(0.01)	0.0114	(0.02)	(0.02)	(0.03)	0.1436	0.0117	(0.01)	0.0123
Total Risk Alpha	(0.05)	(0.02)	(0.05)	(0.05)	(0.06)	(0.0003)	(0.03)	(0.03)	(0.01)
Sortino Ratio	(0.28)	0.0623	0.0412	0.0181	0.0299	0.0529	0.0386	0.0519	0.0445
Downside Variance	0.2035	0.893	0.9686	0.909	1.03	0.5613	1.34	0.8166	0.741
Standard Deviation	0.2534	1.25	1.32	1.17	1.36	1.02	1.25	1.27	1.05
Kurtosis	7.47	2.76	6.17	3.75	5.94	5.07	1.82	7.62	3.7
Potential Upside	0.292	2.21	2.15	1.94	2.02	1.96	2.13	1.8	1.67
Treynor Ratio	(0.13)	0.129	0.1097	0.1038	0.0998	1.16	0.13	0.1154	0.1309
Maximum Drawdown	1.6	6.23	7.23	5.95	8.16	5.55	6.45	7.51	5.74
Variance	0.0642	1.57	1.74	1.37	1.84	1.04	1.57	1.6	1.1
Market Risk Adjusted Performance	(0.12)	0.139	0.1197	0.1138	0.1098	1.17	0.14	0.1254	0.1409
Risk Adjusted Performance	(0.01)	0.1199	0.1038	0.1004	0.0954	0.1305	0.1114	0.1116	0.1266
Skewness	(1.56)	1.08	1.56	0.9824	1.61	1.4	(0.24)	1.82	1.11
Semi Deviation	0.2381	0.7443	0.8259	0.8226	0.8103	0.4832	0.9863	0.7352	0.6195
Information Ratio	(0.50)	0.0469	0.0307	0.0148	0.0224	0.0388	0.0357	0.0371	0.0366
Value At Risk	(0.43)	(1.42)	(1.41)	(1.80)	(1.77)	(0.92)	(1.56)	(1.26)	(1.35)
Expected Short fall	(0.22)	(1.11)	(1.12)	(1.00)	(1.18)	(0.96)	(1.07)	(1.10)	(0.84)
Downside Deviation	0.4512	0.945	0.9841	0.9534	1.02	0.7492	1.16	0.9036	0.8608
Semi Variance	0.0567	0.5539	0.6822	0.6766	0.6566	0.2335	0.9727	0.5405	0.3837

Franklin California Competition Performance Charts

Five steps to successful analysis of Franklin California Competition

Franklin California'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 California Tax in relation to its competition. Franklin California's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Franklin California 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 California's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Franklin California Tax, 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.

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Other Information on Investing in Franklin Mutual Fund

Franklin California 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 California security.

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Franklin California Competition

Specify up to 10 symbols:

Franklin California Competition Correlation Matrix

Risk-Adjusted Indicators

Franklin California Competitive Analysis

Franklin California Competition Performance Charts

Five steps to successful analysis of Franklin California Competition

Complement your Franklin California position

Did You Try This Idea?

Run Convertibles Funds Thematic Idea Now

Convertibles Funds

Other Information on Investing in Franklin Mutual Fund

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