Franklin Minnesota Tax Free Fund Price on April 19, 2023
| FMNZX Fund | USD 11.39 0.02 0.18% |
Below is the normalized historical share price chart for Franklin Minnesota Tax Free extending back to September 14, 2011. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Franklin Minnesota stands at 11.39, as last reported on the 11th of December 2024, with the highest price reaching 11.39 and the lowest price hitting 11.39 during the day.
If you're considering investing in Franklin Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider Franklin Mutual Fund to be very steady. Franklin Minnesota Tax secures Sharpe Ratio (or Efficiency) of 0.0424, which denotes the fund had a 0.0424% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Franklin Minnesota Tax Free, which you can use to evaluate the volatility of the entity. Please confirm Franklin Minnesota's Semi Deviation of 0.2438, downside deviation of 0.3819, and Mean Deviation of 0.168 to check if the risk estimate we provide is consistent with the expected return of 0.0116%.
Franklin Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Franklin |
Sharpe Ratio = 0.0424
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| Negative Returns | FMNZX |
Estimated Market Risk
| 0.27 actual daily | 2 98% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average Franklin Minnesota is performing at about 3% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Franklin Minnesota by adding it to a well-diversified portfolio.
Franklin Minnesota Main Headline on 19th of April 2023
Intl funds will be at your doorstep on May 15 Minister - Hur... by news.google.com
Intl funds will be at your doorstep on May 15 Minister Hurriyet Daily News
Franklin Minnesota Valuation on April 19, 2023
It is possible to determine the worth of Franklin Minnesota on a given historical date. On April 19, 2023 Franklin was worth 10.64 at the beginning of the trading date compared to the closed value of 10.64. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Franklin Minnesota mutual fund. Still, in general, we apply an absolute valuation method to find Franklin Minnesota's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Franklin Minnesota where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Franklin Minnesota's related companies.
| Open | High | Low | Close | Volume | |
| 10.68 | 10.68 | 10.68 | 10.68 | 1.00 | |
04/19/2023 | 10.64 | 10.64 | 10.64 | 10.64 | 1.00 |
| 10.64 | 10.64 | 10.64 | 10.64 | 1.00 |
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Franklin Minnesota Trading Date Momentum on April 19, 2023
| On April 20 2023 Franklin Minnesota Tax Free was traded for 10.64 at the closing time. The highest daily price throughout the period was 10.64 and the lowest price was 10.64 . There was no trading activity during the period 1.0. Lack of trading volume on 04/20/2023 did not affect price variability. The overall trading delta to current closing price is 0.28% . |
Franklin Minnesota Tax Fundamentals Correlations and Trends
By evaluating Franklin Minnesota's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Franklin Minnesota's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Franklin financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Franklin Minnesota Mutual Fund history
Franklin Minnesota investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Franklin is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Franklin Minnesota Tax will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Franklin Minnesota stock prices may prove useful in developing a viable investing in Franklin Minnesota
The fund invests at least 80 percent of its total assets in securities whose interest is free from federal income taxes, including the federal alternative minimum tax. It only buys municipal securities rated, at the time of purchase, in one of the top four ratings categories by one or more U.S. nationally recognized rating services.
Franklin Minnesota Mutual Fund Technical Analysis
Franklin Minnesota 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.
Price Boundaries
Franklin Minnesota Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Franklin Minnesota Tax Free cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Franklin Minnesota December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Franklin Minnesota mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Franklin Minnesota shares will generate the highest return on investment. By undertsting and applying Franklin Minnesota mutual fund market strength indicators, traders can identify Franklin Minnesota Tax Free entry and exit signals to maximize returns
Franklin Minnesota Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Franklin Minnesota's price direction in advance. Along with the technical and fundamental analysis of Franklin Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Franklin to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0236 | |||
| Jensen Alpha | 0.0179 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.29) | |||
| Treynor Ratio | (0.05) |
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Other Information on Investing in Franklin Mutual Fund
Franklin Minnesota 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 Minnesota security.
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios |