Franklin Floating Rate Fund Market Value
| FDAAX Fund | USD 7.67 0.01 0.13% |
| Symbol | Franklin |
Franklin Floating '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 Floating'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 Floating.
| 02/03/2023 |
| 01/23/2025 |
If you would invest 0.00 in Franklin Floating on February 3, 2023 and sell it all today you would earn a total of 0.00 from holding Franklin Floating Rate or generate 0.0% return on investment in Franklin Floating over 720 days. Franklin Floating is related to or competes with Pimco Commoditiesplus, Transamerica Emerging, Jpmorgan Emerging, Wasatch Frontier, Investec Emerging, Siit Emerging, and Embark Commodity. The fund normally invests at least 80 percent of its net assets in income-producing floating interest rate corporate loa... More
Franklin Floating 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 Floating'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 Floating Rate upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.206 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 1.33 | |||
| Value At Risk | (0.13) | |||
| Potential Upside | 0.1325 |
Franklin Floating Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Franklin Floating's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Franklin Floating's standard deviation. In reality, there are many statistical measures that can use Franklin Floating historical prices to predict the future Franklin Floating's volatility.| Risk Adjusted Performance | 0.0868 | |||
| Jensen Alpha | 0.0186 | |||
| Total Risk Alpha | 0.0102 | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | 0.4873 |
Franklin Floating Rate Backtested Returns
At this stage we consider Franklin Mutual Fund to be very steady. Franklin Floating Rate secures Sharpe Ratio (or Efficiency) of 0.16, which denotes the fund had a 0.16 % return per unit of standard deviation over the last 3 months. We have found twenty-six technical indicators for Franklin Floating Rate, which you can use to evaluate the volatility of the entity. Please confirm Franklin Floating's Downside Deviation of 0.206, mean deviation of 0.1092, and Coefficient Of Variation of 740.38 to check if the risk estimate we provide is consistent with the expected return of 0.0383%. The fund shows a Beta (market volatility) of 0.0414, which means not very significant fluctuations relative to the market. As returns on the market increase, Franklin Floating's returns are expected to increase less than the market. However, during the bear market, the loss of holding Franklin Floating is expected to be smaller as well.
Auto-correlation | 0.97 |
Excellent predictability
Franklin Floating Rate has excellent predictability. Overlapping area represents the amount of predictability between Franklin Floating time series from 3rd of February 2023 to 29th of January 2024 and 29th of January 2024 to 23rd of January 2025. 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 Floating Rate price movement. The serial correlation of 0.97 indicates that 97.0% of current Franklin Floating price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.97 | |
| Spearman Rank Test | 0.98 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Franklin Floating Rate lagged returns against current returns
Autocorrelation, which is Franklin Floating 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 Floating's mutual fund expected returns. We can calculate the autocorrelation of Franklin Floating returns to help us make a trade decision. For example, suppose you find that Franklin Floating 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 Floating 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 Floating mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Franklin Floating 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 Floating mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Franklin Floating Lagged Returns
When evaluating Franklin Floating's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Franklin Floating mutual fund have on its future price. Franklin Floating 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 Floating autocorrelation shows the relationship between Franklin Floating mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Franklin Floating Rate.
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 Floating 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 Floating security.
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