Franklin Income Fund Market Value
| FCISX Fund | USD 2.48 0.01 0.40% |
| Symbol | Franklin |
Franklin Income '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 Income'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 Income.
| 02/01/2024 |
| 11/27/2024 |
If you would invest 0.00 in Franklin Income on February 1, 2024 and sell it all today you would earn a total of 0.00 from holding Franklin Income Fund or generate 0.0% return on investment in Franklin Income over 300 days. Franklin Income is related to or competes with Dimensional Retirement, Qs Moderate, Calvert Moderate, Transamerica Cleartrack, Lifestyle, Moderately Aggressive, and American Funds. The fund invests in a diversified portfolio of debt and equity securities More
Franklin Income 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 Income'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 Income Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4666 | |||
| Information Ratio | (0.36) | |||
| Maximum Drawdown | 1.21 | |||
| Value At Risk | (0.41) | |||
| Potential Upside | 0.4082 |
Franklin Income Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Franklin Income's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Franklin Income's standard deviation. In reality, there are many statistical measures that can use Franklin Income historical prices to predict the future Franklin Income's volatility.| Risk Adjusted Performance | 0.0494 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.23) | |||
| Treynor Ratio | 0.0828 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Franklin Income's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Franklin Income Backtested Returns
At this stage we consider Franklin Mutual Fund to be not too volatile. Franklin Income secures Sharpe Ratio (or Efficiency) of 0.0871, which denotes the fund had a 0.0871% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Franklin Income Fund, which you can use to evaluate the volatility of the entity. Please confirm Franklin Income's Mean Deviation of 0.208, semi deviation of 0.1732, and Downside Deviation of 0.4666 to check if the risk estimate we provide is consistent with the expected return of 0.0258%. The fund shows a Beta (market volatility) of 0.18, which means not very significant fluctuations relative to the market. As returns on the market increase, Franklin Income's returns are expected to increase less than the market. However, during the bear market, the loss of holding Franklin Income is expected to be smaller as well.
Auto-correlation | 0.68 |
Good predictability
Franklin Income Fund has good predictability. Overlapping area represents the amount of predictability between Franklin Income time series from 1st of February 2024 to 30th of June 2024 and 30th of June 2024 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 Income price movement. The serial correlation of 0.68 indicates that around 68.0% of current Franklin Income price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Franklin Income lagged returns against current returns
Autocorrelation, which is Franklin Income 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 Income's mutual fund expected returns. We can calculate the autocorrelation of Franklin Income returns to help us make a trade decision. For example, suppose you find that Franklin Income 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 Income 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 Income mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Franklin Income 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 Income mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Franklin Income Lagged Returns
When evaluating Franklin Income's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Franklin Income mutual fund have on its future price. Franklin Income 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 Income autocorrelation shows the relationship between Franklin Income mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Franklin Income Fund.
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 Income 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 Income security.
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