Franklin California High Yield Municipal Fund Q3 2024 Commentary - Seeking Alpha
| FVCAX Fund | USD 9.94 0.01 0.10% |
Slightly above 62% of Franklin California's investor base is looking to short. The analysis of overall sentiment of trading Franklin California High mutual fund suggests that many investors are alarmed at this time. Franklin California's investing sentiment can be driven by a variety of factors including economic data, Franklin California's earnings reports, geopolitical events, and overall market trends.
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Franklin California High Yield Municipal Fund Q3 2024 Commentary Seeking Alpha
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Franklin California Fundamental Analysis
We analyze Franklin California's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Franklin California using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Franklin California based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Bond Positions Weight
Bond Positions Weight Comparative Analysis
Franklin California is currently under evaluation in bond positions weight among similar funds. Percentage of fund asset invested in fixed income securities. About 30% of U.S. mutual funds invest in bonds.
Franklin California High Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Franklin California mutual fund to make a market-neutral strategy. Peer analysis of Franklin California could also be used in its relative valuation, which is a method of valuing Franklin California by comparing valuation metrics with similar companies.
Peers
Franklin California Related Equities
| QLENX | Aqr Long-short | 0.06 | ||||
| SWSFX | Ultra-short Fixed | 0.00 | ||||
| RYAMX | Guggenheim Long | 0.00 | ||||
| FALTX | Nuveen Short | 0.1 | ||||
| JSNIX | Jhancock Short | 0.11 | ||||
| LCSAX | Locorr Longshort | 0.11 | ||||
| ASTIX | Astor Long/short | 0.35 |
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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