Franklin International Core Fund Market Value
| FCENX Fund | USD 11.79 0.08 0.67% |
| Symbol | Franklin |
Franklin International '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 International'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 International.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Franklin International on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Franklin International Core or generate 0.0% return on investment in Franklin International over 720 days. Franklin International is related to or competes with Hennessy, Calvert Global, Energy Services, Icon Natural, and Victory Global. Under normal market conditions, the fund invests at least 80 percent of its net assets in equity securities More
Franklin International 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 International'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 International Core upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 4.27 | |||
| Value At Risk | (1.57) | |||
| Potential Upside | 1.15 |
Franklin International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Franklin International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Franklin International's standard deviation. In reality, there are many statistical measures that can use Franklin International historical prices to predict the future Franklin International's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | (0.19) |
Franklin International Backtested Returns
Franklin International secures Sharpe Ratio (or Efficiency) of -0.13, which denotes the fund had a -0.13% return per unit of standard deviation over the last 3 months. Franklin International Core exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Franklin International's Coefficient Of Variation of (904.95), standard deviation of 0.8764, and Mean Deviation of 0.6843 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.56, which means possible diversification benefits within a given portfolio. As returns on the market increase, Franklin International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Franklin International is expected to be smaller as well.
Auto-correlation | 0.55 |
Modest predictability
Franklin International Core has modest predictability. Overlapping area represents the amount of predictability between Franklin International time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 to 27th 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 International price movement. The serial correlation of 0.55 indicates that about 55.0% of current Franklin International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.25 |
Franklin International lagged returns against current returns
Autocorrelation, which is Franklin International 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 International's mutual fund expected returns. We can calculate the autocorrelation of Franklin International returns to help us make a trade decision. For example, suppose you find that Franklin International 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 International 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 International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Franklin International 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 International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Franklin International Lagged Returns
When evaluating Franklin International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Franklin International mutual fund have on its future price. Franklin International 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 International autocorrelation shows the relationship between Franklin International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Franklin International Core.
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 International 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 International security.
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk |