Franklin Canadian Financial Statements From 2010 to 2025
| FLCP Etf | CAD 18.03 0.01 0.06% |
Market Capitalisation {Big=0, Small=0, Mega=0, Medium=0, Micro=0.01784} |
Check Franklin Canadian financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Franklin Canadian's main balance sheet or income statement drivers, such as , as well as many indicators such as . Franklin financial statements analysis is a perfect complement when working with Franklin Canadian Valuation or Volatility modules.
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Franklin Canadian Core ETF Beta Analysis
Franklin Canadian's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Franklin Canadian Beta | 1.0 |
Most of Franklin Canadian's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Franklin Canadian Core is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Franklin Canadian Core has a Beta of 1.0. This is much higher than that of the Franklin Templeton Investments Corp family and significantly higher than that of the Canadian Core Plus Fixed Income category. The beta for all Canada etfs is notably lower than that of the firm.
About Franklin Canadian Financial Statements
Franklin Canadian investors utilize fundamental indicators, such as revenue or net income, to predict how Franklin Etf might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Seeks to provide high current income and some long-term capital appreciation through exposure to Canadian fixed-income securities, including federal and provincial government and corporate bonds, debentures and short-term notes, by investing substantially all of its assets in securities of Franklin Bissett Core Plus Bond Fund or its successor fund. FRANKLIN LIBERTY is traded on Toronto Stock Exchange in Canada.
Pair Trading with Franklin Canadian
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Franklin Canadian position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Franklin Canadian will appreciate offsetting losses from the drop in the long position's value.Moving together with Franklin Etf
| 0.84 | CCRE | CIBC Core Fixed | PairCorr |
| 0.82 | PTB | Invesco ESG Canadian | PairCorr |
| 0.76 | CCNS | CIBC Conservative Fixed | PairCorr |
Moving against Franklin Etf
| 0.37 | HEWB | Global X Equal | PairCorr |
| 0.35 | ZEB | BMO SPTSX Equal | PairCorr |
| 0.35 | XCV | iShares Canadian Value | PairCorr |
| 0.32 | QCE | Mackenzie Canadian Large | PairCorr |
The ability to find closely correlated positions to Franklin Canadian could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Franklin Canadian when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Franklin Canadian - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Franklin Canadian Core to buy it.
The correlation of Franklin Canadian is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Franklin Canadian moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Franklin Canadian Core moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Franklin Canadian can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Franklin Etf
Franklin Canadian financial ratios help investors to determine whether Franklin Etf 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 Canadian security.