Franklin High Yield Fund Price on November 29, 2024
| FRHIX Fund | USD 9.13 0.02 0.22% |
Below is the normalized historical share price chart for Franklin High Yield extending back to March 25, 1988. 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 High stands at 9.13, as last reported on the 30th of November, with the highest price reaching 9.13 and the lowest price hitting 9.13 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 High Yield secures Sharpe Ratio (or Efficiency) of 0.0999, which denotes the fund had a 0.0999% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Franklin High Yield, which you can use to evaluate the volatility of the entity. Please confirm Franklin High's Semi Deviation of 0.1924, downside deviation of 0.5111, and Mean Deviation of 0.1696 to check if the risk estimate we provide is consistent with the expected return of 0.028%.
Franklin Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Franklin |
Sharpe Ratio = 0.0999
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | FRHIX |
Estimated Market Risk
| 0.28 actual daily | 2 98% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 7 93% of assets perform better |
Based on monthly moving average Franklin High is performing at about 7% 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 High by adding it to a well-diversified portfolio.
Franklin High Valuation on November 29, 2024
It is possible to determine the worth of Franklin High on a given historical date. On November 29, 2024 Franklin was worth 9.13 at the beginning of the trading date compared to the closed value of 9.13. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Franklin High mutual fund. Still, in general, we apply an absolute valuation method to find Franklin High'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 High where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Franklin High's related companies.
| Open | High | Low | Close | Volume | |
| 9.11 | 9.11 | 9.11 | 9.11 | 1.00 | |
11/29/2024 | 9.13 | 9.13 | 9.13 | 9.13 | 1.00 |
| 9.13 | 9.13 | 9.13 | 9.13 | 0.00 |
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Franklin High Trading Date Momentum on November 29, 2024
| On November 30 2024 Franklin High Yield was traded for 9.13 at the closing time. The highest daily price throughout the period was 9.13 and the lowest price was 9.13 . There was no trading activity during the period 0.0. Lack of trading volume on 11/30/2024 did not affect price variability. The overall trading delta to current closing price is 0.00% . |
Franklin High Yield Fundamentals Correlations and Trends
By evaluating Franklin High'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 High'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 High Mutual Fund history
Franklin High 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 High Yield 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 High stock prices may prove useful in developing a viable investing in Franklin High
The fund invests at least 80 percent of its net assets in securities whose interest is free from federal income taxes, including the federal alternative minimum tax. It may invest in municipal securities rated in any rating category, including defaulted securities.
Franklin High Mutual Fund Technical Analysis
Franklin High 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 High Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Franklin High Yield 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 High November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Franklin High 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 High shares will generate the highest return on investment. By undertsting and applying Franklin High mutual fund market strength indicators, traders can identify Franklin High Yield entry and exit signals to maximize returns
Franklin High Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Franklin High'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 | 0.0752 | |||
| Jensen Alpha | 0.0376 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.20) | |||
| Treynor Ratio | (0.22) |
| Cycle Indicators | ||
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| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Other Information on Investing in Franklin Mutual Fund
Franklin High 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 High security.
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