Franklin Biotechnology Discovery Fund Market Value
| FBDIX Fund | USD 136.89 1.87 1.35% |
| Symbol | Franklin |
Franklin Biotechnology 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Franklin Biotechnology's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Franklin Biotechnology.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Franklin Biotechnology on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Franklin Biotechnology Discovery or generate 0.0% return on investment in Franklin Biotechnology over 720 days. Franklin Biotechnology is related to or competes with Franklin Mutual, Templeton Developing, Franklin Mutual, Franklin Mutual, Franklin Mutual, Templeton Foreign, and Templeton Foreign. Under normal market conditions, the fund invests at least 80 percent of its net assets in securities of biotechnology co... More
Franklin Biotechnology Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Franklin Biotechnology's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Franklin Biotechnology Discovery upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 7.1 | |||
| Value At Risk | (2.31) | |||
| Potential Upside | 1.51 |
Franklin Biotechnology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Franklin Biotechnology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Franklin Biotechnology's standard deviation. In reality, there are many statistical measures that can use Franklin Biotechnology historical prices to predict the future Franklin Biotechnology's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | (0.70) |
Franklin Biotechnology Backtested Returns
Franklin Biotechnology secures Sharpe Ratio (or Efficiency) of -0.11, which denotes the fund had a -0.11% return per unit of standard deviation over the last 3 months. Franklin Biotechnology Discovery exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Franklin Biotechnology's Coefficient Of Variation of (968.36), mean deviation of 0.8957, and Standard Deviation of 1.21 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.19, which means not very significant fluctuations relative to the market. As returns on the market increase, Franklin Biotechnology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Franklin Biotechnology is expected to be smaller as well.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Franklin Biotechnology Discovery has insignificant reverse predictability. Overlapping area represents the amount of predictability between Franklin Biotechnology time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Franklin Biotechnology price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Franklin Biotechnology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 83.74 |
Franklin Biotechnology lagged returns against current returns
Autocorrelation, which is Franklin Biotechnology mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Franklin Biotechnology's mutual fund expected returns. We can calculate the autocorrelation of Franklin Biotechnology returns to help us make a trade decision. For example, suppose you find that Franklin Biotechnology has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Franklin Biotechnology regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Franklin Biotechnology mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Franklin Biotechnology mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Franklin Biotechnology mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Franklin Biotechnology Lagged Returns
When evaluating Franklin Biotechnology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Franklin Biotechnology mutual fund have on its future price. Franklin Biotechnology autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Franklin Biotechnology autocorrelation shows the relationship between Franklin Biotechnology mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Franklin Biotechnology Discovery.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Franklin Mutual Fund
Franklin Biotechnology 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 Biotechnology security.
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments |