Franklin Ftse China Etf Market Value
| FLCH Etf | USD 18.27 0.10 0.54% |
| Symbol | Franklin |
The market value of Franklin FTSE China is measured differently than its book value, which is the value of Franklin that is recorded on the company's balance sheet. Investors also form their own opinion of Franklin FTSE's value that differs from its market value or its book value, called intrinsic value, which is Franklin FTSE's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Franklin FTSE's market value can be influenced by many factors that don't directly affect Franklin FTSE's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Franklin FTSE's value and its price as these two are different measures arrived at by different means. Investors typically determine if Franklin FTSE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Franklin FTSE's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Franklin FTSE '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 FTSE's etf 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 FTSE.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Franklin FTSE on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Franklin FTSE China or generate 0.0% return on investment in Franklin FTSE over 720 days. Franklin FTSE is related to or competes with Franklin FTSE, Franklin FTSE, Franklin FTSE, Franklin FTSE, and WisdomTree China. Under normal market conditions, the fund invests at least 80 percent of its assets in the component securities of the in... More
Franklin FTSE 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 FTSE's etf 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 FTSE China upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.89 | |||
| Information Ratio | 0.0218 | |||
| Maximum Drawdown | 19.99 | |||
| Value At Risk | (3.31) | |||
| Potential Upside | 5.14 |
Franklin FTSE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Franklin FTSE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Franklin FTSE's standard deviation. In reality, there are many statistical measures that can use Franklin FTSE historical prices to predict the future Franklin FTSE's volatility.| Risk Adjusted Performance | 0.0572 | |||
| Jensen Alpha | 0.1592 | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | 0.0224 | |||
| Treynor Ratio | 0.8989 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Franklin FTSE'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 FTSE China Backtested Returns
Franklin FTSE appears to be not too volatile, given 3 months investment horizon. Franklin FTSE China secures Sharpe Ratio (or Efficiency) of 0.0762, which denotes the etf had a 0.0762% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Franklin FTSE China, which you can use to evaluate the volatility of the entity. Please utilize Franklin FTSE's Semi Deviation of 2.6, mean deviation of 1.92, and Downside Deviation of 2.89 to check if our risk estimates are consistent with your expectations. The etf shows a Beta (market volatility) of 0.2, which means not very significant fluctuations relative to the market. As returns on the market increase, Franklin FTSE's returns are expected to increase less than the market. However, during the bear market, the loss of holding Franklin FTSE is expected to be smaller as well.
Auto-correlation | -0.74 |
Almost perfect reverse predictability
Franklin FTSE China has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Franklin FTSE 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 FTSE China price movement. The serial correlation of -0.74 indicates that around 74.0% of current Franklin FTSE price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.74 | |
| Spearman Rank Test | -0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 2.89 |
Franklin FTSE China lagged returns against current returns
Autocorrelation, which is Franklin FTSE etf'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 FTSE's etf expected returns. We can calculate the autocorrelation of Franklin FTSE returns to help us make a trade decision. For example, suppose you find that Franklin FTSE has exhibited high autocorrelation historically, and you observe that the etf 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 FTSE 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 FTSE etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Franklin FTSE etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Franklin FTSE etf over time.
Current vs Lagged Prices |
| Timeline |
Franklin FTSE Lagged Returns
When evaluating Franklin FTSE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Franklin FTSE etf have on its future price. Franklin FTSE 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 FTSE autocorrelation shows the relationship between Franklin FTSE etf current value and its past values and can show if there is a momentum factor associated with investing in Franklin FTSE China.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Franklin FTSE China offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Franklin FTSE's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Franklin Ftse China Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Franklin Ftse China Etf:Check out Franklin FTSE Correlation, Franklin FTSE Volatility and Franklin FTSE Alpha and Beta module to complement your research on Franklin FTSE. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
Franklin FTSE technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.