Franklin Core Equity Fund Market Value
| FCRU Fund | 23.37 0.00 0.00% |
| Symbol | Franklin |
Franklin Core '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 Core's 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 Core.
| 01/18/2025 |
| 01/13/2026 |
If you would invest 0.00 in Franklin Core on January 18, 2025 and sell it all today you would earn a total of 0.00 from holding Franklin Core Equity or generate 0.0% return on investment in Franklin Core over 360 days.
Franklin Core 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 Core's 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 Core Equity upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 3.17 | |||
| Potential Upside | 0.4427 |
Franklin Core Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Franklin Core's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Franklin Core's standard deviation. In reality, there are many statistical measures that can use Franklin Core historical prices to predict the future Franklin Core's volatility.| Risk Adjusted Performance | 0.0629 | |||
| Jensen Alpha | 0.0439 | |||
| Total Risk Alpha | (0.02) | |||
| Treynor Ratio | (0.45) |
Franklin Core Equity Backtested Returns
As of now, Franklin Fund is very steady. Franklin Core Equity secures Sharpe Ratio (or Efficiency) of 0.23, which denotes the fund had a 0.23 % return per unit of standard deviation over the last 3 months. We have found seventeen technical indicators for Franklin Core Equity, which you can use to evaluate the volatility of the entity. Please confirm Franklin Core's Mean Deviation of 0.1782, coefficient of variation of 1105.66, and Standard Deviation of 0.5167 to check if the risk estimate we provide is consistent with the expected return of 0.0916%. The fund shows a Beta (market volatility) of -0.0822, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Franklin Core are expected to decrease at a much lower rate. During the bear market, Franklin Core is likely to outperform the market.
Auto-correlation | 0.25 |
Poor predictability
Franklin Core Equity has poor predictability. Overlapping area represents the amount of predictability between Franklin Core time series from 18th of January 2025 to 17th of July 2025 and 17th of July 2025 to 13th of January 2026. 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 Core Equity price movement. The serial correlation of 0.25 indicates that over 25.0% of current Franklin Core price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Franklin Core Equity lagged returns against current returns
Autocorrelation, which is Franklin Core 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 Core's fund expected returns. We can calculate the autocorrelation of Franklin Core returns to help us make a trade decision. For example, suppose you find that Franklin Core has exhibited high autocorrelation historically, and you observe that the 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 Core 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 Core fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Franklin Core fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Franklin Core fund over time.
Current vs Lagged Prices |
| Timeline |
Franklin Core Lagged Returns
When evaluating Franklin Core's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Franklin Core fund have on its future price. Franklin Core 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 Core autocorrelation shows the relationship between Franklin Core fund current value and its past values and can show if there is a momentum factor associated with investing in Franklin Core Equity.
Regressed Prices |
| Timeline |
Pair Trading with Franklin Core
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Franklin Core position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Franklin Core will appreciate offsetting losses from the drop in the long position's value.Moving together with Franklin Fund
| 0.72 | 0P0000S9O7 | PIMCO Monthly Income | PairCorr |
| 0.73 | 0P0000S9O5 | PIMCO Monthly Income | PairCorr |
| 0.83 | 0P000072KJ | RBC Canadian Dividend | PairCorr |
The ability to find closely correlated positions to Franklin Core could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Franklin Core when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Franklin Core - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Franklin Core Equity to buy it.
The correlation of Franklin Core is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Franklin Core moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Franklin Core Equity moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Franklin Core can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
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